Telenor sets up Telenor Tower holding for Nordic region assets

News Wireless Scandinavia 1 JUN 2021
Telenor sets up Telenor Tower holding for Nordic region assets

Telenor Group has announced the formation of a new company called Telenor Tower to cover its tower activities in the Nordic countries. The operator said it aims to unlock value in its tower infrastructure portfolio.

Telenor Tower will be led by Kaaren Hilsen, currently CEO at Telenor Sweden. Hilsen takes up the new role on 01 September, and the company is already looking for her replacement at its Swedish operations.

The group said ambitions to identify and carve out tower and infrastructure assets as separate business lines were communicated at Telenor’s Capital Markets Day in 2020. Tone Hegland Bachke, EVP and CFO of Telenor Group, said tower infrastructure is a strategically important area and requires a dedicated CEO and management team to "drive value creation".

Hilsen has served as CEO of Telenor Sweden since 01 March 2019, since when she has steered the company's transformation by modernising the network, platforms and way of working, as well as beginning 5G deployment in that country.

Categories:

Mobile

Companies:

Telenor,  DNA,  Telenor Sweden,  Telenor Norway,  Telenor Denmark

Regions:

Scandinavia

Tags:

Network equipment, Wireless, Corporate strategy, Officers & directors

Related Articles

GLOBAL 10 JUL 2023

Telenor Amp invests in telecoms infrastructure design automation company Shapemaker

The Telenor group's Amp division, which manages Telenor's portfolio of adjacent business and companies, said it has invested in a Norwegian company called Shapemaker, which provides software to automate telecoms equipment design. Shapemaker says its software can assess tower geometry, wind pressure and site topography among other factors. It cuts the time required for structural calculations from weeks to minutes.

SCANDINAVIA 28 OKT 2021

Telenor sticks to FY outlook for stable results after lower Q3

Telenor reported lower results for the third quarter, as the ongoing impact of the Covid-19 pandemic weighed on its Asian mobile operators, offsetting positive trends in Scandinavia. Nevertheless, the company maintained its outlook for flat to slightly higher underlying results in the full year, amid signs of improvement and nearly 2 million subscribers added in Q3. 

FINLAND 20 JUL 2021

DNA Q2 net sales rise 4% in local currency, EBITDA up 13%, names new CTO

Telenor reported that Finnish operation DNA gained 12,000 mobile customers in the second quarter of 2021 to 2.70 million, as 5G population coverage reached 43 percent in June. DNA said that in local currency, net sales were up 4 percent and EBITDA was up 13 percent. Separately, DNA announced the appointment of Ville Virtanen as chief technology officer from 01 September.

SWEDEN 20 JUL 2021

Telenor Sweden adds 22,000 mobile customers in Q2, revenue and EBITDA dip

Telenor Sweden reported a gain of 22,000 mobile customers in the second quarter of 2021 to 2.81 million, chiefly for its Vimla brand and the large enterprise segment. Total revenues fell to NOK 2.94 billion from NOK 3.12 billion in Q2 2020. In May, it launched a new billing support system, which it said will simplify processes, standardise APIs and support online services for customers.

NORWAY 20 JUL 2021

Telenor Norway Q2 EBITDA rises 2% as opex falls, loses 24,000 mobile customers but gains 9,000 FWA users

Telenor Norway reported a drop in revenue in the second quarter of 2021 as it shed 24,000 mobile customers, 23,000 fixed telephony subscribers and 11,000 fixed internet clients, but added 9,000 fixed wireless access customers. Organic EBITDA growth was 2 percent as lower personnel and network-related costs led to a 4 percent reduction in opex.

SWEDEN 1 JUL 2021

Telenor Sweden names Moen as CEO, Gustafsson to lead Allente from July

Allente CEO Bjorn Ivar Moen has been appointed Telenor Sweden CEO from 01 October, succeeding Kaaren Hilsen, and Jonas Gustafsson will take over as CEO of Allente from 01 July 2021, the companies announced. Allente was formed in 2020 by merging Telenor's Canal Digital television operations with the Viasat Consumer arm of Nordic Entertainment Group (NENT). Hilsen has already been named head of the new Telenor Towers company.

DENMARK 26 MEI 2021

Telenor Denmark sets up indoor 5G networks at its own offices in Aalborg and Copenhagen

Telenor Denmark said it has established indoor 5G networks at its own offices in Aalborg and Copenhagen. It said the faster speed service and stability supplied by 5G differ markedly from previous methods, making 5G suitable for larger indoor floor spaces accommodating many employees. It said it is more reliable than Wi-Fi, with greater reach and capacity.

FINLAND 4 MEI 2021

DNA loses 11,000 mobile subscribers in Q1, claims leading position in Finnish fixed broadband

Telenor reported a rise in total first quarter revenues for its Finnish operation, DNA, to NOK 2.42 billion from NOK 2.40 billion a year earlier. Total mobile revenues increased to NOK 1.88 billion from NOK 1.87 billion but subscription and traffic revenue dipped to NOK 1.30 billion from nearly NOK 1.31 billion a year earlier. Mobile subscriptions decreased by 11,000 in the quarter to 2.68 million and mobile ARPU shrank to NOK 174 from NOK 180 in Q4.

SWEDEN 4 MEI 2021

Telenor Sweden adds 39,000 mobile subscribers in Q1, revenues shrink and EBITDA drops 9%

Telenor Sweden reported a 39,000 subscriber expansion of its mobile customer base in the first quarter to 2.79 million, driven by the large enterprise segment. Mobile subscription and traffic revenues decreased by 6 percent as ARPU declined in both the retail and corporate segments. Total revenues for Telenor's Swedish operation in the first quarter fell to NOK 3.01 billion from NOK 3.03 billion a year earlier.

DENMARK 4 MEI 2021

Telenor Denmark lifts Q1 EBITDA by 14%, adds mobile and fixed internet subscribers

Telenor Denmark attracted another 5,000 mobile customers and 4,000 more internet subscribers in the first quarter of 2021, and a 14 percent in crease in EBITDA as revenue growth was supported by opex reductions following workforce cuts, low losses on receivables as well as lower travel and office costs. Total revenues rose to NOK 1.31 billion from NOK 1.27 billion in Q1 2020. In Danish kroner, revenues improved to DKK 948 million from DKK 910 million the year before.

NORWAY 4 MEI 2021

Telenor Norway sheds 28,000 mobile subscribers in Q1, revenue drops 4% but EBITDA steady

Telenor Norway reported the loss of 28,000 mobile subscribers in the first quarter of 2021 and a decline in average ARPU from Q4 2020. Total revenues fell by 4 percent to NOK 6.28 billion from NOK 6.51 billion a year earlier, mainly because of the transfer of ownership of the passive mobile infrastructure to Telenor Infra at the beginning of 2021, as well as lower hardware sales. EBITDA held steady as the effect of workforce cuts in 2020 was partly offset by higher depreciations caused by ongoing network mo

GLOBAL 25 MRT 2021

Telenor unifies global, Nordic IoT services under new Telenor IoT brand

Telenor Group said it is unifying its Nordic IoT portfolio and its global Telenor Connexion under the brand Telenor IoT with immediate effect. It said the new operating model will provide the best capabilities and competence to every customer, now and in the future. Telenor is bringing together 200 full-time IoT specialists to supply a uniform product portfolio and go-to-market strategy.

SCANDINAVIA 2 FEB 2021

Telenor raises dividend after divestments boost Q4 profits, targets stable results in 2021

Telenor increased its annual dividend to NOK 9.0 per share from NOK 8.7 in 2020, after a strong improvement in profits, supported by cost-cutting and divestment proceeds. The company said it aims for stable organic revenues and adjusted EBITDA in 2021, with expected continued pressure on results in Asia due to the weak economic conditions following the pandemic. 

FINLAND 1 FEB 2021

DNA and Telia Finland extend shared network, Telia plans 3G shutdown in 2023

Telia Finland and Telenor's Finnish operation, DNA, have agreed to expand the mobile network built through their jointly owned Finnish Shared Network (SYV), operating in Northern and Eastern Finland. Separately, Telia said it has decided to shut down its 3G network by the end of 2023.

GLOBAL 22 JAN 2021

Telenor predicts holograms to combat loneliness, robotic farmhands among 2021 technology trends

Telenor Research has predicted five technology trends in 2021 following increased digitisation brought about by Covid-19. They concern mental health, combat climate change, password panic, remote working, and education. Hologrammatic communication and personalised chatbots could combat loneliness, AI could make energy use more efficient, tiny drones will monitor climate change and robot farmhands will support agriculture.

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.