Telenor, the Norwegian telecom giant, has announced a groundbreaking partnership with Nvidia, marking a significant step towards integrating artificial intelligence (AI) within its operations and offerings in the Nordics. This ambitious initiative is set to transform Telenor’s business model, embedding AI into its network operations and creating AI-driven solutions for its customer base.
Telecom giant Telenor faces a considerable setback as the company braces itself for a $760.3 million blow from its investment in True Corp, spurred by a noticeable decline in share value in 2023. However, amidst this financial turbulence, Telenor maintains a positive outlook. The company affirms that this financial drawback is merely for book records and does not reflect changes in Telenor’s belief in the value of their True Corp asset.
In a strategic move aimed at bolstering Norway’s space capabilities, Telenor Norway has successfully concluded the sale of its satellite business to Space Norway for a staggering NOK 2.36 billion ($228 million). The transaction, which received approval from the Norwegian Parliament just before Christmas, marks a significant shift in ownership of Telenor Satellite, a leading European provider of satellite TV broadcast and VSAT data communications services for maritime and land-based sectors.
In a significant move towards advancing 5G network capabilities, Telenor and Ericsson have officially entered a three-year Memorandum of Understanding (MoU). The collaboration aims to pioneer research, development, and testing of Artificial Intelligence (AI) and Machine Learning (ML) solutions, with a primary focus on enhancing energy performance without compromising network quality.
Norway’s Telenor pushes forward with a dramatic leadership change aimed at augmenting its growth trajectory in line with its 2025 vision. Notable moves include former Head of Telenor Asia, Jørgen C. Arentz Rostrup, stepping in as Head of Telenor Nordics, while his predecessor Petter-Børre Furberg takes over his former position. Google Cloud’s ex-head of telecoms, Amol Phadke, also joins the team as EVP and group CTO, with a focus on technology transformation.
In a groundbreaking arrangement, Telenor and Statkraft are set to secure 85 GWh/year of renewable energy for Telenor’s Finnish branch, DNA. This power deal will utilise energy from Statkraft’s upcoming wind farm project, fortifying Telenor’s quest for sustainable power. The implications of this pact spark debate on the urgency of renewable energy adoption in the telecom industry.
Telenor Norway, Telenor’s fully owned largest Norwegian supplier of telecommunications and digital services, has revealed its partnership with Infosys, a multinational information technology company that provides next-generation business consulting, information technology and outsourcing services. The main focus of this initiative is to rapidly transform Telenor’s finance and supply chain operational processes. To assist the transition from a traditional ERP system and improve company agility and operational efficiency, Infosys created a standardized Oracle Cloud enterprise resource planning solution. This product includes modules such as Record to Report (R2R), Acquire to Retire (A2R), Procure to Pay (P2P) and Order to Cash (O2C), and was deployed in ten Telenor businesses in a record time of nine months. Infosys was chosen for the ERP transition because of the company’s innovative and standardized services, reusable assets, qualified employees, and the capacity to deploy quickly. The newly implemented ERP platform will help Telenor Norway…
Norwegian telco Telenor Group and Malaysia-based Axiata Group have announced their discussions regarding a prospective non-cash merger of their telecom and infrastructure assets in Asia, in which Telenor would take a majority stake. Telenor and Axiata’s jointly owned telecommunications giant MergeCo would combine the two companies’ operations in South and Southeast Asia, and in its headquarters in Malaysia would serve almost 300 million customers using approximately 60,000 communication towers located across Asia. Gunn Wærsted, Chair of Telenor Group, said: “Today we announce that Telenor and Axiata are in discussions on joining forces in Asia, one of the most dynamic and innovative regions in the world. Together, we aim to create a leading and well-diversified pan-Asian telecom and infrastructure company with substantial synergy potential and strong regional operations. It is Telenor’s strategy to develop and create value from our core telco assets in the Nordic and Asian region. This potential merger…
Axiata Group, a Malaysian telecommunications conglomerate, has announced the sale of its towers operations in Myanmar in a deal worth US$150 million with an undisclosed buyer. This decision reflects a growing trend among international telecom giants to exit Myanmar due to the country’s challenging economic and operational environment amidst ongoing civil conflict.
In a strategic move to bolster its data center capabilities, DNA, a prominent mobile and fixed communications service provider in Finland and part of the Telenor Group, has successfully deployed an intent-based networking data center fabric. This innovative infrastructure, built upon Juniper Networks’ cutting-edge automation software and high-performance hardware, with advanced systems integration expertise from NEC Corporation, is poised to revolutionize DNA’s service delivery and operational efficiency.
