Telenor Group announced a restructure of its business to bolster units in the Nordics and Asia a move to capitalise on rising rates of connectivity in developing markets by developing new services.
In a statement, Telenor Group President and CEO Sigve Brekke said: “We are strengthening Telenor and ensuring that all our businesses have focus and direction to grow and provide customers more value.
“We are reinforcing the collaboration and creating synergies between our four Nordic business units to develop new services more quickly and efficiently, while Asia will focus on building scale in partnership with others.
“At the same time, we are ramping up our efforts to develop existing and potentially new services and are setting ourselves up to strengthen the value of our infrastructure.”
Telenor’s Asian operation has been enabled to be more “autonomous,” said Brekke, under the lead direction of EVP and head of Telenor Asia Jorgen Arentz Rostrup. Its regional office in Singapore has been strengthened to support the merger between its unit Dtac and True Corporation in Thailand, and the tie-up in Malaysia with its brand Digi and Axiata Group’s Celcom. The focus will also be on developing further operations in Bangladesh and Pakistan.
Brekke said Telenor is preparing to "build scale in an increasingly digitalised region".
Two new units have been created as part of its new strategy, they are called Telenor Infrastructure and Adjacent Business.
The Adjacent Business unit will focus on developing new services within existing and potential new entities within the group, it will also collaborate with companies externally to develop new services. It will be led by EVP Dan Ouchterlony who will begin his role as head of Adjacent Businesses from September 19.
Telenor Infrastructure will gather and refine the value of Telenor’s infrastructure in the Nordics. The group poached the CEO of power utility company Eviny of seven years Jannicke Hilland, who takes over as head of the new unit on October 1.
In the Nordics, Telenor’s four units in Norway, Sweden, Denmark and Finland are brought together under the new head of Telenor Nordics, Petter-Borre Furberg, to foster collaboration among the units. He replaced Jukka Leinonen who retired in June.
“I strongly believe in strengthening our regions and giving them more independence. Our new Nordic organisation will bring us closer to customers and lay the foundation for synergies across all our businesses, and in Asia, we are gearing up to build scale in an increasingly digitalised region. I am very happy that Petter-Børre and Jørgen have agreed to lead the two regions. With these adjustments, we now have a strong organisation that is ready to further develop our positions and continue to deliver services people trust,” said Brekke.