Deals Counterparts

Telenor

company 1 Deal 1 Partner

Telenor is a leading Norwegian telecommunications company with significant international operations, primarily in the Nordics and Asia. It provides mobile, broadband, and TV services, and is actively involved in developing, operating, and monetizing digital infrastructure, including mobile networks, fiber optic networks, and tower assets.

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Founded 1855 14,000 employees
Telecommunications CompanyOperatorDeveloperInvestorDivestor

Strategic Overview

  • Focus on core Nordic and Asian markets, optimizing portfolio through strategic mergers and divestments.
  • Significant investment in 5G network rollout and fiber infrastructure expansion.
  • Monetization of passive infrastructure assets (e.g., towers, fiber) through partnerships and sales to unlock value and fund future growth.
  • Emphasis on digital transformation and enhancing customer experience across its operating companies.

Deal Activity from Public Sources

Telenor Infra (Norway) announced the sale of 4,500 towers to a joint venture with Cellnex.
Divestiture Tower Infrastructure Norway October 2024 4500 units with Cellnex
Telenor Infra (Norway) announced a partnership with GlobalConnect to expand fiber network.
Partnership Fiber Optics Norway January 2024 with GlobalConnect
Merger of True Corporation and dtac (Telenor's subsidiary) in Thailand to form a new telecom company, with Telenor holding a significant stake.
Joint Venture Mobile Networks (2G/3G/4G/5G), Fiber Optics Thailand March 2023 with True Corporation
Sale of a 30% stake in Telenor Fiber AS (Norway) to a consortium led by KKR.
Divestiture Fiber Optics Norway October 2021 with KKR
Divestment of Telenor Myanmar to M1 Group.
Divestiture Mobile Networks (2G/3G/4G) Myanmar July 2021 with M1 Group
Completion of 0.5 MW rooftop solar installation at Telenor Fornebu
Development Solar PV Norway 2022 0.5 MW with Solgrid AS

Investment Focus

Technologies
Data Center1
Geography
Norway1

Key People

Sigve Brekke
President and CEO

Track Record

169
Years Active
Notable projects: Extensive 5G network rollout across Nordics and Asia, Significant fiber optic network expansion in Norway, Merger of dtac and True in Thailand

Detailed Analysis

Sectors
Digital/Telecom
Technologies
Mobile Networks (2G/3G/4G/5G)Fiber OpticsData CenterTower Infrastructure
Geographies
NorwaySwedenDenmarkPakistanBangladeshMalaysiaThailandFinlandHungaryMontenegro
Deal Stage
OperatingBrownfieldGreenfield

Subsidiaries

Telenor NorwayTelenor SwedenTelenor DenmarkTelenor PakistanGrameenphone (Bangladesh)Digi (Malaysia)True Corporation (Thailand, joint venture)Telenor Infra (Norway)Telenor Fiber AS (Norway)
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