Data Center News

Telenor to sell salellite business to Space Norway for $217.1 million

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...

November 18, 2023

Telenor Group

Telenor signs PPA for wind energy Finland

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...

July 06, 2023

Telenor Group

Telenor and Hafslund to partner for new sustainable data center-focused company

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...

June 21, 2023

Telenor Group

Telenor and Axiata Complete Merger To Create Largest Telco in Malaysia

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...

December 01, 2022

Telenor Group

Telenor To Sell Its Pakistan Business For $1bn

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...

November 11, 2022

Telenor Group

Telenor To Sell Part of its Norwegian Fiber Business For $1bn

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...

October 11, 2022

Telenor Group

Telenor signs wind PPA

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...

May 11, 2022

Telenor Group

CP Group Might Sell a Minority Stake in True IDC

According to Bloomberg, True IDC is mulling over a partial sale of its company. The Thai data center firm is looking to raise up to $150 million by selling a minority stake in its business. The company currently operates one data center in Myanmar and four in Thailand. True IDC has seen sig...

April 14, 2022

True IDC

Charoen Pokphand Group exploring sale of True IDC data center unit

According to Bloomberg, Charoen Pokphand Group is looking to sell its data center unit- True Internet Data Center (True IDC). Bloomberg also reports that the Thai conglomerate wants to raise around $200 million from the sale. True IDC operates one data center in Myanmar and four in Thailand...

September 10, 2021

True IDC

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