Telenor is listed on the Oslo Stock Exchange and had a market capitalization in November 2015 of kr 225 billion, making it the third largest company listed on the OSE after DNB and Equinor (previously known as Statoil).[4]
History
Telenor headquarters at Fornebu just west of Oslo, Norway. This is the western section containing group staffs and - as tenants - the offices of Huawei Norway.Telenor headquarter eastern section, containing Telenor Broadcast and Telenor Norway.CEO Sigve Brekke, head of the Telenor Group since August 2015Former CEO Fredrik Baksaaas (left) with Ericsson CEO Carl-Henrik Svanberg, 2008.Old style Telenor MobileSIM, with the former company logo.Kjell Holler (right) was a Norwegian industrialist who headed Televerket, after having served as Minister of Industry of Norway.
Telegraph
Telenor started off in 1855, as a state-operated monopoly provider of telegraph services named Telegrafverket. The first Norwegian planning for a telegraph were launched within the Royal Norwegian Navy in 1848, but by 1852, the plans were public and the Parliament of Norway decided on a plan for constructing a telegraph system throughout the country. Televerket began by connecting Christiania (now Oslo) to Sweden (Norway was at that time in a union with Sweden) as well as Christiania and Drammen. By 1857, the telegraph had reached Bergen on the west coast via Sørlandet on the south coast, and by 1871, it had reached Kirkenes on the far north coast. Cable connections were opened to Denmark in 1867 and to Great Britain in 1869. The telegraph was most important for the merchant marine who now could use the electric telegraph to instantly communicate between different locations, and get a whole new advantage from better logistics.[5]
Telephone
old logo
The first telephone service in Norway was offered in 1878, between Arendal and Tvedestrand, while the first international telephone service between Christiania and Stockholm was offered in 1893. Automation of the telephone system was started in 1920, and completed in 1985. In 1946, the first Telex service was offered, and in 1976, satellite telephone connections to the Norwegian merchant navy, at the time the largest in the world and to oil platforms in the North Sea were made operational. This is the start of Inmarsat Satellite Communication, and formed the first steps to digitalise the telephone network in 1980–1985.[6]
The corporation changed its name to Televerket in 1969. In 1994, then the Norwegian Telecom was established as a public corporation. The telecom sector in Norway, was deregulated in stages between 1994 and 1998. An attempt to merge Telenor with its counterpart in Sweden, Telia, failed in 1999, while both still were owned by their respective governments. On 4 December 2000, the company was partially privatised and listed on Oslo Stock Exchange and NASDAQ.[10] The privatisation gave the company 15.6 billion kr in new capital, with the Government of Norway owning 77.7 percent of the company. As of 2014, the Norwegian government holds 53.97 percent of the Telenor shares directly and another 4.66 percent through the Pension Fund.[11]
Grameenphone was the first Telenor venture in the Asian telecom market and is now the largest mobile operator in Bangladesh, Telenor holds 55.8 per cent of the company. Grameenphone started trading its shares on the stock exchanges in Dhaka and Chittagong on 16 November 2009. The success of Grammeenphone lead to an increased focus on Asia, with successful entries into Malaysia, ThailandPakistan, and Myanmar. Telenor also entered India, but had to withdraw from that market in 2017, with substantial losses.
In March 2018, Telenor sold its business in Southeast Europe (Bulgaria, Hungary, Montenegro and Serbia) to the PPF Group, for a sum of 2.8 billion euros in order to focus more on Asia and the Nordic market.[12]
In 2019, Telenor bought DNA, the third largest mobile operator in Finland.[13]
On 21 June 2021, Axiata, Telenor and Digi agree to a potential merger of Celcom and Digi to create a stronger telco in Malaysia, which if approved will be completed by the end of 2022. This come after advanced discussions two months earlier.[14][15][16] The deal was approved by both Celcom and Digi shareholders on 18 November 2022. The merged company is named CelcomDigi. At completion, Axiata and Telenor will hold equal ownership of 33.1 percent each in the newly merged company. The merger was completed on 30 November 2022 and the company began its operation the next day.[17][18][19][20][21][22]
On 22 November 2021, Telenor and Charoen Pokphand Group, officially announced they have agreed to explore a USD 8.6 billion merger plan between Thailand’s second and third largest telecom operators (by subscribers), True Corporation (TRUE) and Total Access Communication (DTAC) – the proposed merger is subject to regulatory approvals.[23] The merger was "acknowledged" by the regulator NBTC at a meeting on October 20, 2022.[24] The newly merged company still retain the True Corporation name, which was founded on 1 March 2023 and it was listed on the Stock Exchange of Thailand under the stock ticker symbol TRUE on 3 March 2023.[25]
Operations
Telenor offers a full range of telecommunication services in the Nordic countries, including mobile and fixed telephony, Internet access and as well as cable TV access and content. Telenor still remains the largest actor in Norway despite competition from Telia and others.
The group holds a prominent position in the Scandinavian Broadband and TV market, both with regard to the number of subscribers and to the extent of coverage. The TV distribution is branded Allente. Telenor is also a prominent actor in Asia with operations in five different Asian countries.
Telenor Maritime Radio is responsible for the infrastructure for maritime radio communication in Norway, and also includes five staffed coast radio stations whose primary purpose is to monitor the maritime radio traffic (over e.g. VHF and MF bands) and to assist marine vessels in distress.[citation needed]
Research
Telenor Research is Telenor's corporate unit for research. The unit conducts research and delivers research based advice on topics such as market, technology, data analytics, innovation and organization. Telenor Research provides research based analysis and strategic recommendations to the Telenor Group, as well as to the individual Business Units across Telenor markets. Telenor Research's mission is to create business value for Telenor through applied research.
Machine-to-machine
Telenor started exploring the M2M potentials in 2000, when Telenor R&D established a project both aimed at technology, services and business models. This was further spurred when Telenor acquired the Swedish mobile company Europolitan, which contained parts of Vodafone's research capabilities in the area. As a result, two separate companies have been established: Telenor Connexion in Stockholm, Sweden[26] (aiming higher up in the M2M value chain), and Telenor Objects (aiming further down in the value chain). The initiative has resulted in a substantial market share of Europe's fast-growing M2M market and is being used by Nissan in Europe to connect its customers' Electric Cars.[27]
Broadcast
Telenor's wholly owned subsidiary Canal Digital is a leading TV content distributor in the Nordic region with about 2.7 million customers in 2011.[28] On 13 April 2021, the merger of Canal Digital and Viasat in Allente was completed.
Telenor also operates the national terrestrial broadcast network in Norway, through its subsidiary Norkring.
Telenor has sold a number of divisions after its privatisation, including Bravida,[30] the former installation division and Findexa, now part of Eniro that is responsible for telephone directories. The browser vendor Opera Software originated in Telenor's R&D department.[31] Telenor formerly provided a range of services related to satellite communication, including voice, television and data before its Telenor Satellite Services division was purchased by Vizada in 2007.
Telenor has also previously been active in a number of international markets as a mobile phone network operator:
80.5 billion kr (2023)[1]
