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Corporation
MOBILE & TELECOMMUNICATIONS | Telecom Services / Wireless
telenor.com

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Investments

15

Portfolio Exits

9

Partners & Customers

10

About Telenor Group

Telenor Group is a major mobile operator across Scandinavia, Central Eastern Europe, and Asia.

Telenor Group Headquarter Location

Snaroyveien 30

Fornebu, 1360,

Norway

+47 678 90 000

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Expert Collections containing Telenor Group

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Telenor Group in 1 Expert Collection, including The Edge Computing Landscape.

T

The Edge Computing Landscape

343 items

Edge computing companies facilitate workload deployment in addition to providing data processing and storage at the farthest reaches of the network. These edge computing companies range from data centers at the edge to workload management tools designed to orchestrate edge deploy

Telenor Group Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Telenor Group Rank

Latest Telenor Group News

Telenor and Hydro sign agreement for the supply of renewable energy

May 5, 2022

Telenor has entered into a 10-year Power Purchase Agreement (PPA) with Hydro for the supply of renewable energy to power Telenor’s Norwegian operations. The energy will be generated by the Stor-Skälsjön wind park in Sweden. WEBWIRE – Tuesday, May 3, 2022 “As part of Telenor Group’s commitment to reduce our greenhouse gas emissions and meet our science-based targets, we are pleased to have entered into this agreement with Hydro for the provision of renewable energy to our operations in Norway. For Telenor to reduce our greenhouse gas emissions, sourcing renewable electricity is key, and Power Purchase Agreements are our preferred mechanism to do so, as they can contribute to new capacity of renewable energy,” says Cecilie Heuch, Executive Vice President, Chief People and Sustainability Officer at Telenor Group. “We are looking forward to supplying Telenor with renewable power as part of their sustainability agenda. When companies like Telenor are committing for the long-term offtake of power from wind projects not yet in operation, they are contributing to new capacity of renewable power, as well as decarbonizing the Nordic power market. This is the first transaction showing Hydro REIN and Hydro Energy’s ability to offer renewable power solutions to external customers. Hydro REIN aims at becoming the preferred supplier of renewable power for industrial clients, and Telenor is a great example of that,” says Olivier Girardot, Head of Hydro REIN. A total volume of 330 GWh will be supplied to Telenor annually through this agreement, and this amounts to more than 86 % of the current power consumption in Telenor’s Norwegian operations. The Stor-Skälsjön wind park will be comprised of 42 turbines and is in Sundsvall and Timrå municipalities in Sweden. Construction on the project is underway and commissioning is planned for November 2023. Hydro Energy is responsible for commercial handling at Stor-Skälsjön and delivering of power from the wind park to Telenor. About Telenor Telenor Group is a leading telecommunications company across the Nordics and Asia with 172 million customers and annual sales of around USD 13 billion (2021). 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 About Hydro REIN Hydro REIN was established in 2021 as part of Hydro’s strategy to grow in renewables. The company aims at becoming the preferred supplier of renewable power and other energy solutions for industrial clients. Hydro REIN has a significant pipeline of wind and solar projects in Brazil and the Nordics for long-term power supply to Hydro and other industrial offtakers. Hydro REIN is also developing a range of energy solutions to assist industries with the management and optimization of its energy consumption and storage behind-the-meter. ( Press Release Image: https://photos.webwire.com/prmedia/6/288594/288594-1.jpg )

Telenor Group Investments

15 Investments

Telenor Group has made 15 investments. Their latest investment was in Telenor Bank as part of their Corporate Minority - III on September 9, 2020.

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Telenor Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/2/2020

Corporate Minority - III

Telenor Bank

$45M

Yes

2

5/22/2020

Unattributed VC - II

TelluCloud

$4M

Yes

1

11/21/2019

Corporate Minority - II

Carousell

Yes

3

9/26/2017

Corporate Minority

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$99M

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10

8/28/2017

Series A

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$99M

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10

Date

9/2/2020

5/22/2020

11/21/2019

9/26/2017

8/28/2017

Round

Corporate Minority - III

Unattributed VC - II

Corporate Minority - II

Corporate Minority

Series A

Company

Telenor Bank

TelluCloud

Carousell

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Subscribe to see more

Amount

$45M

$4M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

1

3

10

10

Telenor Group Portfolio Exits

9 Portfolio Exits

Telenor Group has 9 portfolio exits. Their latest portfolio exit was Telenor Myanmar on March 18, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/18/2022

Divestiture

2

7/8/2021

Divestiture

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$99M

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10

11/19/2020

Acquired - II

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10

7/7/2020

Merger

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10

6/24/2020

Corporate Majority - II

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10

Date

3/18/2022

7/8/2021

11/19/2020

7/7/2020

6/24/2020

Exit

Divestiture

Divestiture

Acquired - II

Merger

Corporate Majority - II

Companies

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Valuation

$99M

Acquirer

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Sources

2

10

10

10

10

Telenor Group Acquisitions

16 Acquisitions

Telenor Group acquired 16 companies. Their latest acquisition was KNL Networks on November 25, 2020.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/25/2020

Series A

$99M

$12.67M

Acquired

2

4/9/2019

$99M

Corporate Majority - P2P

5

3/6/2018

Other

$99M

Corporate Majority

2

6/21/2017

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$99M

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10

5/12/2017

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$99M

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10

Date

11/25/2020

4/9/2019

3/6/2018

6/21/2017

5/12/2017

Investment Stage

Series A

Other

Companies

Subscribe to see more

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$12.67M

Note

Acquired

Corporate Majority - P2P

Corporate Majority

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Sources

2

5

2

10

10

Telenor Group Partners & Customers

10 Partners and customers

Telenor Group has 10 strategic partners and customers. Telenor Group recently partnered with Hydro on May 5, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

5/5/2022

Vendor

Norway

Telenor Infra strikes renewable energy deal with Hydro Energi

`` For Telenor Group to reduce our greenhouse gas emissions , sourcing renewable electricity is key , and Power Purchase Agreements are our preferred mechanism to do so , as they can contribute to new capacity of renewable energy . ''

2

3/10/2022

Partner

France

Telenor Sweden to Use Ethical Hackers to Dial-Up Cybersecurity to the Max in Partnership With YesWeHack

PARIS & STOCKHOLM -- -- Telenor has partnered with YesWeHack , Europe 's leading Bug Bounty platform , to identify potential vulnerabilities on its critical telecom infrastructure and protect customer information .

4

1/22/2022

Partner

United States

Telenor teams with AWS to accelerate modernisation of telecommunications

Telenor Group , an international provider of tele , data and media communications services , and AWS will invest in joint go-to-market activities in select industries -- such as manufacturing , supply chain and logistics , and automotive -- to enable more 5G and edge services for customers , as part of their agreement .

1

1/20/2022

Partner

United States

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10

11/26/2021

Partner

United States

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10

Date

5/5/2022

3/10/2022

1/22/2022

1/20/2022

11/26/2021

Type

Vendor

Partner

Partner

Partner

Partner

Business Partner

Country

Norway

France

United States

United States

United States

News Snippet

Telenor Infra strikes renewable energy deal with Hydro Energi

`` For Telenor Group to reduce our greenhouse gas emissions , sourcing renewable electricity is key , and Power Purchase Agreements are our preferred mechanism to do so , as they can contribute to new capacity of renewable energy . ''

Telenor Sweden to Use Ethical Hackers to Dial-Up Cybersecurity to the Max in Partnership With YesWeHack

PARIS & STOCKHOLM -- -- Telenor has partnered with YesWeHack , Europe 's leading Bug Bounty platform , to identify potential vulnerabilities on its critical telecom infrastructure and protect customer information .

Telenor teams with AWS to accelerate modernisation of telecommunications

Telenor Group , an international provider of tele , data and media communications services , and AWS will invest in joint go-to-market activities in select industries -- such as manufacturing , supply chain and logistics , and automotive -- to enable more 5G and edge services for customers , as part of their agreement .

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Sources

2

4

1

10

10

Telenor Group Team

33 Team Members

Telenor Group has 33 team members, including current Chief Marketing Officer, Ronny B. Johnsen.

Name

Work History

Title

Status

Ronny B. Johnsen

Chief Marketing Officer

Current

Johan Dennelind

Du Telecom, Telia, Vodafone, and Digi

Chief Executive Officer

Former

Sunil Dutt

Chief Executive Officer

Former

Jeanette Dyhre Kvisvik

Chief Executive Officer

Former

Harald Grytten

Chief Executive Officer

Former

Name

Ronny B. Johnsen

Johan Dennelind

Sunil Dutt

Jeanette Dyhre Kvisvik

Harald Grytten

Work History

Du Telecom, Telia, Vodafone, and Digi

Title

Chief Marketing Officer

Chief Executive Officer

Chief Executive Officer

Chief Executive Officer

Chief Executive Officer

Status

Current

Former

Former

Former

Former

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