Telenor gathers strength in IoT for the 5G era
(Fornebu/Stockholm, 25 March 2021) Businesses searching for world class Internet of Things solutions will find that Telenor’s new operating model brings the best capabilities and competence to every customer, today and in the future.
Telenor Group today announces it is unifying its IoT offering across the Nordics and internationally. The Nordic IoT portfolio and the global Telenor Connexion portfolio will be gathered under the brand Telenor IoT. Effective immediately, Telenor IoT will be offered from all Telenor business channels in the Nordics, internationally by Telenor Connexion and through selected partners.
As a part of introducing Telenor IoT, a new operating model is being launched to leverage on Telenor’s global competency, synchronise product development, accelerate the customer facing business and improve technical support. In doing so, Telenor is bringing together 200 full time IoT specialists, the largest team for any Nordic IoT service provider. Telenor will act as one united global IoT team with a uniform product portfolio and go-to-market strategy – bringing the best capabilities and competence to every customer.
Commenting on the announcement, Mats Lundquist, CEO of Telenor Connexion and manager of Telenor IoT, says: “The new operating model reinforces our competitive edge and makes our product portfolio easier to buy for any customer searching for world class IoT operation and platform capabilities. We are also getting scale benefits on new technology investments.”
The Telenor IoT offering will be supplied by Telenor IoT specialists located in 18 countries across Africa, the Americas, Asia-Pacific, and Europe.
“The launch of Telenor IoT and unifying our IoT capabilities and competencies will make us better positioned to accelerate the digital future that will benefit customers, businesses, and society. The steps we are taking now is the culmination of several months of intense collaboration between colleagues in Telenor’s Nordic telco businesses, Telenor Connexion, and Telenor’s Nordic Hub,” says Jukka Leinonen, Nordic EVP and Chairman of the Telenor Connexion Board.
With over 17 million connected devices active in more than 190 countries, Telenor is a recognised world leading provider of IoT connectivity services. In 2019, Telenor was positioned as a leader in Gartner’s Magic Quadrant for Managed IoT Connectivity Services, Worldwide. Today, Telenor ranks among the top 10 IoT operators globally, and in the top 3 in Europe by volume, and is the clear market leader in the Nordics. The company was one of the early pioneers in the IoT area and has long standing international customers such as Volvo, Scania, Verisure, and Hitachi.
Cristoff Martin, CMO, Telenor Connexion | +4673 441 73 17 | firstname.lastname@example.org
Stian Kristoffer Sande, Communication Manager, Telenor Group | +47 97 53 92 21 | email@example.com
About Telenor Connexion
Telenor Connexion is the specialised IoT company within the Telenor Group, one of the world’s major mobile operators. Building on more than 20 years of experience, Telenor Connexion provides global IoT connectivity and cloud services to enterprises with large fleets of connected devices as well as third-party service providers. With headquarters and tech centre located in Sweden, the company has regional sales representation in the UK, US, Germany, Italy, South Africa, Singapore, South Korea, China, Malaysia, and Japan. For more information, see www.telenorconnexion.com.
About Telenor Group
Telenor Group is a leading telecommunications company across the Nordics and Asia with 182 million customers and annual sales of around USD 14 billion (2020). We are committed to responsible business conduct and driven by the ambition of empowering societies. Connectivity has been Telenor's domain for more than 160 years, and our purpose is to connect our customers to what matters most. Telenor is listed at Oslo Stock Exchange under the ticker TEL. For more information, see www.telenor.com.
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire
Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire
Ageas announces the Ordinary and Extraordinary General Meetings of Shareholders of ageas SA/NV16.4.2021 17:40:00 CEST | Press release
Ageas announces the Ordinary and Extraordinary General Meetings of Shareholders of ageas SA/NV Since the quorum required for the Extraordinary General Meeting of Shareholders of 22 April 2021 will not be attained, ageas SA/NV is organising the Ordinary and Extraordinary Meeting of Shareholders (the "Meeting") on Wednesday 19 May 2021 at 10:30 a.m. The Meeting is being held at The Egg, Barastraat 175, 1070 Brussels, and is being organised in accordance with the Corona measures applicable on the day of the Meeting. Shareholders are advised to consult the Ageas website (www.ageas.com) for any additional information on this subject. If the current measures remain unchanged, it will not be permitted to physically attend the Meeting. In that case, registered shareholders who have indicated that they wish to vote online will be able to follow the Meeting via a webcast. They are invited to consult in advance the Ageas website, where the procedure to log in for the webcast will be published. Ag
CONDITIONS FOR THE RIKSBANK´S PURCHASES OF COMMERCIAL PAPER16.4.2021 16:20:00 CEST | Press release
Bid procedure, 2021-04-21CertificateCommercial paper issued in SEK by non-financial companies with their registered office in Sweden and with a remaining maturity of up to six months on the Bid date. i.e. with the latest maturity date as of 2021-10-21 Delivery may not be made in commercial paper purchased by the Counterparty from the issuer less than one week prior to the date for announcing the Special terms, i.e. the purchase may not have been made after 2021-04-09 BidsCounterparties may make one bid per Credit rating class and maturity class. Bids are made to tel 08-696 69 70 and confirmed by e-mail to EOL@riksbank.se.Bid date2021-04-21Bid times09.00-09.30 (CET/CEST) on the Bid dateRequested volume (corresponding nominal amount)SEK 4 billionHighest permitted bid volume (corresponding nominal amount)The total bid volume from one Counterparty for the two Credit rating classes may not exceed SEK 4 billion. No bid may contain Commercial paper in excess of SEK 250 million issued by the s
CONDITIONS FOR RIKSBANK REVERSED AUCTIONS SEK TREASURY BILLS16.4.2021 16:20:00 CEST | Press release
Bid procedure, 2021-04-21BillsSWEDISH T-BILL: SE0015811351. 2021-07-21 SWEDISH T-BILL: SE0014808747, 2021-09-15 Bid date2021-04-21Bid times10.00-11.00 (CET/CEST) on the Bid dateRequested volume (corresponding nominal amount)SE0015811351: 1250 mln SEK +/-600 mln SEK SE0014808747: 1000 mln SEK +/-500 mln SEK Highest permitted bid volume (corresponding nominal amount)SE0015811351: 1250 mln SEK per bid SE0014808747: 1000 mln SEK per bid Lowest permitted bid volume (corresponding nominal amount)SEK 50 million per bidExpected allocation timeNot later than 11.15 (CET/CEST) on the Bid dateDelivery and payment date2021-04-23Delivery of billsTo the Riksbank's account in Euroclear Sweden AB's securities settlement system 1 4948 6383 Stockholm, 2021-04-16 This is a translation of the special terms and conditions published on www.riksbank.se. In the case of any inconsistency between the English translation and the Swedish language version, the Swedish language version shall prevail. Complete terms
CONDITIONS FOR RIKSBANK REVERSED AUCTIONS SEK GOVERNMENT BONDS16.4.2021 16:20:00 CEST | Press release
Bid procedure, 2021-04-23BondsSWEDISH GOVERNMENT: 1053. SE0002829192. 2039-03-30 SWEDISH GOVERNMENT: 1063, SE0015193313, 2045-11-24 Bid date2021-04-23Bid times09.00-10.00 (CET/CEST) on the Bid dateRequested volume (corresponding nominal amount)1053: 750 mln SEK +/-400 mln SEK 1063: 500 mln SEK +/-250 mln SEK Highest permitted bid volume (corresponding nominal amount)1053: 750 mln SEK per bid 1063: 500 mln SEK per bid Lowest permitted bid volume (corresponding nominal amount)SEK 50 million per bidExpected allocation timeNot later than 10.15 (CET/CEST) on the Bid dateDelivery and payment date2021-04-27Delivery of bondsTo the Riksbank's account in Euroclear Sweden AB's securities settlement system 1 4948 6383 Stockholm, 2021-04-16 This is a translation of the special terms and conditions published on www.riksbank.se. In the case of any inconsistency between the English translation and the Swedish language version, the Swedish language version shall prevail. Complete terms and conditions c
CONDITIONS FOR RIKSBANK BID PROCEDURE KOMMUNINVEST BONDS16.4.2021 16:20:00 CEST | Press release
Bid procedure, 2021-04-20BondsKOMMUNINVEST I SVERIGE: 2410. SE0010469205. 2024-10-02 KOMMUNINVEST I SVERIGE: 2602, SE0013745452, 2026-02-04 KOMMUNINVEST I SVERIGE: G23, XS1897258098, 2023-06-01 BidsBids on interest and volume are entered via Bloomberg Bond Auction SystemBid date2021-04-20Bid times10.00-11.00 (CET/CEST) on the Bid dateRequested volume (corresponding nominal amount)2410: 500 mln SEK +/-250 mln SEK 2602: 500 mln SEK +/-250 mln SEK G23: 250 mln SEK +/-250 mln SEK Highest permitted bid volume (corresponding nominal amount)2410: 500 mln SEK per bid 2602: 500 mln SEK per bid G23: 250 mln SEK per bid Lowest permitted bid volume (corresponding nominal amount)SEK 50 million per bidExpected allocation timeNot later than 11.15 (CET/CEST) on the Bid dateDelivery and payment date2021-04-22Delivery of bondsTo the Riksbank's account in Euroclear Sweden AB's securities settlement system 1 4948 6383General Terms and ConditionsGeneral Terms and Conditions General Terms and Conditions för
SEK TENDER OPERATION ANNOUNCEMENT FOR ONWARD LENDING16.4.2021 16:20:00 CEST | Press release
Bid date, 2021-04-23Auction Day2021-04-23Auction Time10.30-11.00 (CET/CEST) on the Bid dateOffered AmountSEK 50 billion (total)Maximum Permitted Bid VolumeSEK 12.5 billion from an individual bidder (in total per Auction Day)Settlement Date2021-04-27Minimum Permitted Bid VolumeSEK 10 million per bidMaximum Number of Bids per offered Repayment Date1Repayment Dates (offered maturities)29 April 2022 28 April 2023 30 April 2024Maximum Allocation25 per cent of Offered AmountAllocation TimeNot later than 11.30 (CET/CEST) hours on Auction dayBase Period (to establish Base Lending Amount)1 March 2020 - 28 February 2021Evaluation Rounds (for calculation of any Additional Interest)Evaluation Round 1: April 2022 (for Credit with Repayment Date 29 April 2022. 28 April 2023 and 30 April 2024) refers to Comparison Period 1: 1 March 2021 – 28 February 2022 and potential Additional Interest Rate applied to Lending Period 1: from 30 March 2021 up to and including 29 April 2022. Evaluation Round 2: April
CONDITIONS FOR RIKSBANK REVERSED AUCTIONS SEK COVERED BONDS16.4.2021 16:20:00 CEST | Press release
Bid procedure, 2021-04-22BondsSWEDBANK HYPOTEK AB: 194. SE0012142206. 2024-09-18 STADSHYPOTEK AB: 1587, SE0010441303, 2023-06-01 SWEDISH COVERED BOND: 147, SE0009383664, 2026-06-17 SKANDINAVISKA ENSKILDA: 576, SE0010049841, 2023-12-20 LANSFORSAKRINGAR HYPOTEK: 520, SE0014694659, 2027-09-15 DANSKE HYPOTEK AB: 2512, SE0013877214, 2025-12-17 NORDEA HYPOTEK AB: 5536, SE0013358439, 2026-09-16 Bid date2021-04-22Bid times09.00-10.00 (CET/CEST) on the Bid dateRequested volume (corresponding nominal amount)194: 800 mln SEK +/-400 mln SEK 1587: 2000 mln SEK +/-1000 mln SEK 147: 700 mln SEK +/-350 mln SEK 576: 700 mln SEK +/-350 mln SEK 520: 600 mln SEK +/-300 mln SEK 2512: 200 mln SEK +/-100 mln SEK 5536: 1000 mln SEK +/-500 mln SEK Highest permitted bid volume (corresponding nominal amount)194: 800 mln SEK per bid 1587: 2000 mln SEK per bid 147: 700 mln SEK per bid 576: 700 mln SEK per bid 520: 600 mln SEK per bid 2512: 200 mln SEK per bid 5536: 1000 mln SEK per bid Lowest permitted bid volume