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Telenor Asa News

24 Aug 2015

Sivertsen is New CEO of EMGS

Bjarte Bruheim has decided to step down as Chief Executive Officer of Electromagnetic Geoservices ASA with immediate effect. He has held this position since 7 January 2015, and before that, he held the position as the company's executive chairman since 2004. The board of directors wishes to express its gratitude to Bjarte Bruheim for his valuable contribution to the company through many years. EMGS has initiated a search for a new CEO. Until a permanent CEO is in place, Stig Eide Sivertsen has been appointed new CEO. As the CEO cannot be a member of the board of directors, according to the Norwegian Public Limited Liability Companies Act, Sivertsen has voluntarily resigned as board member with immediate effect. Sivertsen has served on the Board and chaired the Company's audit committee.

29 Nov 2013

MCP Nets IMR Vessel Communications Contract

MCP logo

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 Continental Shelf (NCS). This five-year IMR agreement, say MCP, commencing in Q1 2014, is worth more than NOK 1.5billion (USD 253million). MCP’s role will be to keep DeepOcean and Statoil connected.

02 Jan 2008

Mobile Networks on Cruise Ships

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. The fleet of cruise ships has a total passenger capacity of approximately 45,000 people, as well as a crew of 20,000. The MCP service will allow everyone onboard to use their own mobile phones when sailing on the high seas.

26 Oct 2006

Telenor to be Acquired by Apax

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.

26 Oct 2006

Telenor Satellite Services to be Acquired

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. The transaction will not impact the services provided by TSS and business relations with customers will remain unchanged. "Apax Partners is a very capable owner, and the sale of Telenor Satellite Services is made in accordance with Telenor's strategy to divest business operations that fall outside the scope of our core activities.