Telenor has reported that several years of modernisation and digitalisation initiatives enabled it to deliver solid operational results for 2021, despite impact from the ongoing pandemic. For the full year the multinational telco delivers stable subscription and traffic revenues and EBITDA. The strong free cash flow of NOK 13 billion (€1.31bn) supports the proposed dividend […]
Bigblu Broadband (BBB), a provider of alternative super-fast and ultra-fast broadband services, has provided an unaudited trading update for the 12-month period ended November 30th 2021. During the period, BBB delivered growth across all four of the Board’s key metrics: customer base, revenue, EBITDA and free cash flow. As a result, the Directors remain confident […]
Telenor has signed a strategic partnership with Google Cloud to further explore areas of cooperation and define key strategic initiatives, advancing Telenor’s digital capabilities. Telenor says it continues to advance the modernisation of the telecommunications industry by digitalising and expanding its offerings – going beyond connectivity. As the network is increasingly software-based, Telenor says it […]
Jussi Tolvanen will head Telenor Group’s Finnish subsidiary DNA, effective October 11th. The company’s current CEO, Jukka Leinonen, will take on the role as Head of Telenor Group’s Nordic Cluster full-time. Leinonen continues his role in Telenor Group’s Executive Management. “It’s truly great to have Jussi continue my work as CEO of DNA. His approach […]
Paris-based satellite operator Eutelsat says its ‘Advance’ managed connectivity service targeting the world’s maritime sector has won “strong interest” and the first contracts signed. Eutelsat says several operators have selected Eutelsat Advance to enhance their portfolios of connectivity services, saying: “Leveraging Eutelsat’s powerful Ku-band in-orbit resources, Eutelsat Advance will be integrated into the offerings, amongst […]
Telenor, the multinational telco, returned to growth in the second quarter. The growth was driven by strong performance in the Nordics combined with a growing subscriber base and increased data consumption in the Asian markets. Subscription and traffic revenues increased by 2 per cent. Combined with progress on the modernisation agenda this resulted in an […]
4iG has announced its second international transaction, which will allow the Company to continue building its telecommunications portfolio. 4iG has entered into a non-binding Term Sheet with the subsidiary of PPF Telecom Group to acquire 100 per cent stake in Telenor Podgorica (‘Telenor Montenegro’). Telenor Montenegro has 338,000 subscribers, 150 base stations and 4G coverage […]
Telenor Group has entered into an agreement to sell 100 per cent of its mobile operations in Myanmar to M1 Group for a total consideration of $105 million (€88.8m), of which $55 million is a deferred payment over five years. The transaction corresponds to an implied enterprise value of approximately $600 million. M1 Group will […]
Bjørn Ivar Moen will take up the role of CEO in Telenor Sweden on October 1st, and Jonas Gustafsson will take over as CEO of Allente, the pay-TV distribution joint venture owned by NENT Group and Telenor Group, effective immediately. “Bjørn Ivar knows Telenor well, and his strong commercial profile, energetic leadership style, and solid […]
24i, the end-to-end video streaming specialist owned by Amino Technologies, has acquired privately-held Danish pay-TV platform specialist Nordija for €5.3 million. For more than 20 years, Nordija’s advanced platform has enabled TV and streaming innovation for customers including Telenor Sweden, TET (formerly Lattelecom), Vodafone Iceland, T-Mobile Netherlands, Swisscom Broadcast, Waoo, Boingo Wireless, ZAP in sub-Saharan […]