Infosys (INFY) collaborates with Telenor Norway to transform the latter's business model, making it a product-based digital telecommunications operator under its 'Beyond Connectivity' strategy.
OSLO (Reuters) -Norway's Telenor warned on Tuesday that spiralling energy prices made it increasingly difficult to achieve its profit target and announced a restructuring of its Nordic business and a potential listing of its Asian unit. "The energy price development in the last couple of months makes it increasingly difficult to reach the guiding of flat EBITDA in 2022," Telenor said in a statement, referring to its earnings before interest, tax, depreciation and amortisation. Telenor, which has 175 million customers in eight countries across the Nordic region and Asia, in recent years sought to cut costs and boost its cash flow to make room for higher dividends and 5G investments.
(Fornebu, 20 September 2022) Today, at its Capital Markets Day, Telenor presents significant changes to ensure growth and reshape the company’s role as an enabler for digitalisation and sustainability. The company will become a leading telecom operator and infrastructure player in the Nordics and take leading positions in security and IoT services. In Asia, Telenor will, together with partners, build scale and take number one positions in several markets. “The Telenor you see today is not the Te