Nov 18, 2023 | Posted by Abdul-Rahman Oladimeji | Telenor Group
State-majority-owned Telenor has agreed to sell its subsidiary Telenor Satellite to state-owned Space Norway for NOK 2.36 billion ($217.1m). To finance this acquisition, Norwegian Minister of Trade and Industry, Jan Christian Vestre said the government will propose to the Parliament that Space...
Jul 06, 2023 | Posted by MadalineDunn | Telenor Group
Telenor has announced the signing of a 10-year Power Purchase Agreement (PPA) with Statkraft for wind energy in Finland. Through the deal, the company will procure the output of the energy firm's Palokangas wind farm.According to the company, the agreement will cover 80 percent of Telenor's F...
Jun 21, 2023 | Posted by MadalineDunn | Telenor Group
Telenor and local energy company Hafslund have announced they're partnering to establish a joint venture to build data centers in Oslo, Norway. That said, ownership of the new company is split equally between Telenor, Hafslund, and HitechVision, each with 31.7 percent; Analysys Mason, a consu...
Dec 01, 2022 | Posted by Abdul-Rahman Oladimeji | Telenor Group
Telenor and Axiata Group have completed the merger of Malaysian mobile operators DiGi and Celcom. Talks about the merger have been ongoing for a while now, and the successful merger sees a new company called Celcom DiGi created. With a subscriber base of up to 20 million, Celcom Digi has becom...
Nov 11, 2022 | Posted by Abdul-Rahman Oladimeji | Telenor Group
Telenor is looking to continue its plans to exit the Pakistan mobile market by selling off its business. The sale could be worth $1 billion. According to Bloomberg, the company is working with Citigroup to explore potential bidders for the Pakistan business. According to reports, there is inte...
Oct 11, 2022 | Posted by Abdul-Rahman Oladimeji | Telenor Group
Telenor has announced that it has agreed to sell a 30% stake in its Norwegian fiber broadband unit called Telenor Fiber As. The deal will be worth 10.8 billion crowns ($1bn). A consortium led by pension firm Oslo Pensjonsforsikring and United States' investment company KKR is the stake buye...
May 11, 2022 | Posted by MadalineDunn | Telenor Group
Oslo-based telco Telenor, has announced that it has signed a Power Purchase Agreement (PPA) with Hydro Energi AS to procure wind energy to power its Norwegian operations. The 260MW Stor-Skälsjön wind power project will be used to power the company's Norwegian consumption and total more than 86...