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Sigve Brekke is stepping down as President & CEO of Telenor on December 1st after more than 9 years in the role.
Under Sigve Brekke, Telenor has outperformed the S&P European Telecommunications index by 50% on a dividend-adjusted basis.
Telenor Satellite receives service continuity benefits from the life extension of THOR 10-02 (IS-10-02) enabled by MEV-2.
IS-10-02 distributes more than 900 television channels to nearly 18 million television households across Europe as part of the Intelsat-Telenor Satellite video neighborhood.
Sigve Brekke has been CEO of Telenor since August 2015.
Telenor’s Board of Directors conducted an extensive process to identify the right candidate for the President & CEO position.
Telenor has delivered 5 percent mobile service revenue growth in the Nordic region for six consecutive quarters.
The 10-02 satellite is part of a joint venture with Norway’s Telenor Satellite that supports distribution of more than 900 channels to nearly 18 million households across Europe.
IS-10-02 distributes more than 900 channels to nearly 18 million television households across Europe as part of the Intelsat-Telenor Satellite video neighborhood.
Telenor is currently the only operator with a solid footprint in all Nordic markets.
Telenor Group’s Board of Directors has appointed Benedicte Schilbred Fasmer as the new President & CEO.
During the first three quarters of 2023, Telenor Satellite reported EBITDA of NOK 504 million.
During the first three quarters of 2023, Telenor Satellite reported EBIT of NOK 284 million.
Telenor Satellite provides data connectivity to nearly 2,000 vessels and 600 land terminals.
During the first three quarters of 2023, Telenor Satellite generated revenues of NOK 707 million.
Telenor will divest its space operations to focus on its core terrestrial communications business as part of the transaction with Space Norway.
Telenor plans to sell its satellite division to Space Norway in a deal worth around $216,000,000 announced on 2023-11-16.
Telenor Satellite owns and operates three geostationary spacecraft at 1 degree West: Thor 5, Thor 6, and Thor 7.
Space Norway and Telenor Satellite generated about 1.8 billion Norwegian krone in combined revenues for 2022.
Telenor Satellite operates a dedicated European VSAT network on THOR 7.