Telenor entered into a definitive agreement with Apax Partners France for the sale of Telenor Satellite Services (TSS) to funds managed by Apax Partners for a cash consideration of $400m. Since 2002 Telenor has defined Telenor Satellite Services as non-core business. Apax Partners intends to pursue the development of the company in Norway and abroad. Telenor Satellite Services offers communication solutions via satellite to land, air and sea. The transaction will not impact the services provided by TSS and business relations with customers will remain unchanged. The transaction is subject to approval from regulatory authorities. Given the current exchange rate for USD, Telenor ASA will be able to post a gain of approximately NOK 1.4 billion from the sale. The transaction will not affect any other units of Telenor ASA that use satellite as their communications platform, including Telenor Broadcast/Telenor Satellite Broadcasting.
On October 25, 2006, Telenor entered into a definitive agreement with Apax Partners France for the sale of Telenor Satellite Services (TSS) to funds managed by Apax Partners for $400 million. Since 2002, Telenor has defined Telenor Satellite Services as non-core business. Apax Partners intends to pursue the development of the company in Norway and abroad. Telenor Satellite Services offers communication solutions via satellite to land, air and sea
Telenor Satellite Services, a subsidiary of Telenor of Norway launched My Source, a new online account management tool giving Telenor users more control of their satellite communications budget. The new tool offers customers of Telenor Service Providers using Telenor's satellite products and services a full range of service management capabilities. My Source enables users to manage the use of satellite terminals and phones, select prepaid plans, automatically reload prepaid cards
Telenor Satellite Services was recognized by satellite operator Inmarsat for best overall sales performance for Fleet services in 2005. Through its global network of more than 300 service providers, Telenor sales of Fleet services increased by 79 percent over the past 12 months. In accepting the award from Inmarsat, Telenor Vice President for Sales Anders Kallerud credited the marked growth of maritime sales to the
Intelsat announced that Telenor Satellite Services expanded a multi-year contract with Intelsat to include transmission services on three different spacecraft in C- and Ku-band. The capacity is being used for Telenor’s Sealink maritime high-speed data communications solution through its Eik Teleport in Norway. Through this agreement, Telenor renewed its contract on the Intelsat 903 and Intelsat 704 satellites for C-band capacity connectivity in the Atlantic Ocean Region and Indian Ocean
Telenor Satellite Services announced that it has formed a new company, Marlink, to provide a wide range of mobile satellite communication services, mainly for customers in the maritime sector. Marlink will act as a 'multi-supplier' of mobile satellite airtime providing communication services from a number of suppliers, including but not limited to Telenor. Marlink will also provide traffic accounting services, hardware and value-added services.
SatCom Group Holdings PLC, a reseller of mobile satellite communications, said its subsidiary O'Gara Satellite Systems Inc has won a 5-year contract, worth 10m in the first year, from the US government to supply satellite airtime to the US Navy. O'Gara, which is one of the five companies in the world certified as a Defense Information Technology Contracting Organization (DITCO) awardee, won the contract following a tender
Sait-Stento has signed a Memorandum of Understanding with Telenor Broadband Services, a subsidiary of Telenor with plans to sell all of its shares in Sait Communications to Telenor for approximately $28.2 million. The transaction and consideration is subject to due diligence and board approval from the above-mentioned parties. It is estimated that final negotiations are to be completed by the end of February 2001.
Marlink, a subsidiary of Telenor Satellite Services, announced that it is extending its "Super Quiet Time" and "Inmarsat A to Fleet" maritime communications programs offered via Telenor. Both programs, first offered in early 2003, are designed to make "at sea" satellite communications more affordable and easier for mariners. Marlink's Super Quiet Time (SQT) Program: Mariners can make calls for standard prices less than USD 0.99 per minute - all weekend
Marlink today announced that it now offers a full range of Inmarsat services for customers requiring flexible and efficient land mobile communications over satellite. Marlink's new Regional Broadband Global Area Network (Regional BGAN) offers reliable, 24-hour a day Internet Protocol (IP) connectivity at data speeds of up to 144kbps via a secure channel. The service is available in Europe, Asia, and northern and central Africa.
Telenor Satellite Broadcasting (TSBc), a European satellite operator, and iDirect, a company in satellite based IP communications, jointly announced that TSBc has chosen iDirect’s new Velocity product line as the ground infrastructure solution for its new THOR 7 high throughput satellite
Maritime Communication Partner (MCP) has been contracted by DeepOcean to provide state-of-the-art online and mobile communications for a Kleven newbuild MT6022 offshore vessel which will provide Inspection, Maintenance and Repair (IMR) services for all Statoil operated fields on the Norwegian
Norway's right wing government will retain its current holding in oil and gas firm Statoil , backing off a pre-election proposal to cut the stake to about 50 percent from the current two thirds of the shares. The government led by the Conservative Prime Minister Erna Solberg has pledged
MCP’s Board of Directors appointed Frode Støldal as new CEO for the Telenor subsidiary. Støldal replaces MCPs founder, Knut Fjellheim, who has served as interim-CEO and now returns to his previous role as COO/CTO. Frode Støldal has vast management experience from across
Telenor Satellite Services, a subsidiary of Telenor of Norway previewed Terralink Secure, the first in a series of secure networking value added services to enable users to more effectively monitor and filter security attacks and unwanted Internet content over satellite communications.
Telenor Satellite Services, a subsidiary of Telenor of Norway has received a General Services Administration (GSA) Federal Technology Service (FTS) contract to provide a wide variety of mobile and fixed satellite communications products and services to the United States government.
Telenor Satellite Services, a subsidiary of Telenor of Norway, announced that it is developing a new broadband communications line of services for the maritime industry enabling seamless global roaming for data and voice communications at sea.
Telenor Satellite Services, a subsidiary of Telenor of Norway announced that the company has activated its 3000th Broadband Global Area Network (BGAN) terminal. BGAN offers users high-speed IP-based broadband communications plus simultaneous voice (telephony) calling via a portfolio of
Maritime Communications Partner AS (MCP), fully owned by Telenor ASA, has signed a contract to install and operate the cellular network onboard all ships in Princess Cruises, Cunard Lines and P&O Cruises Australia's fleet. The agreement covers 21 ships at the signing of the contract.
Cinterion Wireless Modules, specialist in cellular machine-to-machine (M2M) communication, and Telenor Connexion announced their collaboration on an M2M tracking and tracing platform for Hitachi construction and mining machinery. The customized solution combines Cinterions HC25 module
Intellian announced the appointment of Søren Einshøj as its new Global Chief Strategy Officer and President. With nearly twenty years in the marine communications industry, Einshøj will lead Intellian’s growth. Based in Oslo, Norway
Marlink renews and increases satellite contract with Telenor Satellite Broadcasting; More flexibility provides growing value for Marlink customers. Marlink, a maritime VSAT service provider recently acquired by Astrium, announced an agreement with Telenor Satellite Broadcasting
Morten Tengs (51) has been appointed as the new CEO at Telenor Satellite Broadcasting (TSBc). Mr. Tengs comes from the position as Senior Vice President at Telenor Group’s regional office for Asia, in Bangkok. He succeeds Cato Halsaa, who is to retire this summer.
According to a new research report from the analyst firm Berg Insight, the number of active remote container tracking units deployed on intermodal shipping containers was 137,000 in Q4-2012, up from 89,000 a year earlier. Growing at a compound annual growth rate (CAGR) of 49
Telenor Satellite Broadcasting (TSBc) has announced the signing and renewal of multiple agreements with Harris CapRock, a provider of communications to remote and harsh environments, for the provision of satellite capacity services from its 1°West orbital location.