Telenor

Strategic momentum in a challenging quarter The second quarter was marked by a demanding market environment. At the same time, we made important strategic progress, strengthening our Nordic position, expanding our broadband footprint and securing important contracts within defence and mission-critical communications. “2026 is a transition year for Telenor on several fronts as we deliver on our strategy. While the quarter was affected by several short-term factors, we are executing initiatives that will improve efficiency, strengthen customer value and increase returns over time,” says Benedicte Schilbred Fasmer, President & CEO. Second quarter highlights: ✅ Service revenues of NOK 14.679 billion ✅ Adjusted EBITDA of NOK 7.987 billion ✅ Free cash flow before M&A of NOK 1.815 billion ✅ Total free cash flow of NOK 2.0 billion During the quarter, we strengthened our Nordic broadband position through the acquisitions of Enivest and Bahnhof, and the approval of the GlobalConnect consumer transaction. We also strengthened our position within defence and mission-critical communications through important wins in Finland, the UK and Norway, while continuing to develop secure and resilient communication services for customers across both the public and private sectors. At the same time, we continued our transformation journey as we build a more focused, efficient and customer-centric Telenor. 👉 Read more about our Q2 results here: https://lnkd.in/e5fNHpEA 📺 Follow the live stream from 09:30 CEST here: https://lnkd.in/ejNqMR9s

Möt månadens nörd: Frances! 💡✨ Frances arbetar med att förbättra kundupplevelsen hos oss. Ett jobb i gränslandet mellan affär, data och teknik där hon utvecklat ett stort intresse för hur AI kan förbättra kundresan. ”För mig handlar AI lika mycket om människor som om teknik.” 🤖 Du nördar gärna ner dig i data och AI, berätta! Ja, vi lever i en spännande tid med många möjligheter. Jag vill förstå utvecklingen och bidra till att AI används på ett sätt som gör skillnad.   Jag har särskilt fördjupat mig i hur AI kan hjälpa oss att lyssna på kunder, förstå deras behov och skapa en helhetsbild av kundresan genom att kombinera olika datakällor. Det gör att vi kan se mönster, förstå vad som behöver förbättras och var vi ska agera. 💙 Varför är ditt jobb viktigt? För att det bidrar till att det blir enklare och tryggare att vara kund hos oss. När våra processer fungerar märks det i varje kundmöte. Det är just den resan – från insikt, till handling och resultat – som gör jobbet roligt. 💡 Figuren med glödlampan du har med dig – på vilket sätt symboliserar den ditt jobb? Man brukar säga att kundservice är hjärtat i en organisation, men den kan också ses som hjärnan. När vi tar tillvara på data och insikter som skapas i kundkontakter kan vi fatta bättre beslut. Figuren med glödlampan symboliserar just detta – insikter, idéer och riktning.

Today, we are proud to announce an important step for Telenor in Sweden 🇸🇪 Telenor has agreed to acquire a controlling stake in Swedish broadband provider Bahnhof in a transaction valuing the company at SEK 6.1 billion on an enterprise value basis. The acquisition will make Telenor Sweden’s second-largest fixed broadband provider. Bahnhof has built a strong business serving more than 500,000 consumer customers and approximately 15,000 enterprise customers. The company combines a trusted brand, strong network assets and a clear position in the Swedish market. “Sweden is the largest Nordic market by population and a key strategic priority for us. This transaction gives us the breadth and scale to compete more effectively and create long-term value for customers and shareholders,” says Benedicte Schilbred Fasmer, President and CEO of Telenor Group. Together, we will be better positioned to deliver competitive and relevant services to customers across Sweden and further strengthen Telenor’s Nordic presence. 💙 📰 Read the full announcement here: https://lnkd.in/ePGim2Vm

Ro! ⚽💙 https://lnkd.in/eMF_6hcW

Proud to receive the Mobile Ecosystem Forum’s 2026 ESG Award – together with Grameenphone Ltd and in strong partnership with UNICEF Bangladesh and UNICEF Norge 🙌   Yes, here’s a classic “leaders holding an award” photo of Maria Greenberg Bergheim and Yasir Azman 🥳 But behind it is a story of long‑term collaboration in Bangladesh – reaching millions of children and families with the skills they need to connect, navigate and benefit from the digital world.   Access to connectivity and digital skills is access to opportunity. Delivering that at scale requires strong partnerships 💙

We are incredibly proud of our very own Muhammad Fasih ul Saleh, who recently turned a distant dream into reality by completing all the Abbott World Marathon Majors, finishing the @Boston Marathon with a personal best 🏅. This achievement makes him the first Nordic citizen of South Asian descent to earn the coveted “World Seven Stars Marathoner” title! At Telenor, our people are our inspiration. We celebrate his dedication, perseverance and the support he found from family and colleagues along the way. Congratulations on this amazing milestone and thank you for inspiring us all to dream big and never give up! 💙

Closer to customers. Closer to the market. Closer to what matters. Today, Telenor announces a simplified and sharpened organisational structure – designed to accelerate execution and support the long-term value creation strategy presented at our Capital Markets Day in November 2025. The four current Business Areas will be replaced by a more country-centric model. Nordic country CEOs will join Group Management directly, removing an organisational layer and ensuring that customer, market and financial perspectives are more closely reflected in decisions at Group level. This is about more than structure. It is about making Telenor faster, leaner and better positioned to deliver on our financial ambitions towards 2028 and 2030. On 18 August 2026, we will welcome an updated Group Management team. The current team remains fully in place until then. Press release available in the comments below👇

Building a stronger global IoT player🌍 Today, Telenor takes a significant step in our IoT journey. We are partnering with Verdane to establish a jointly owned 50/50 company built around Telenor Connexion/Telenor IoT – one of Europe's leading managed IoT providers, with 31 million SIMs in operation and delivery to more than 200 countries. The transaction values Telenor Connexion at SEK 7.5 billion. The IoT market is growing fast. Customers are becoming more global. The bar for scale, reliability, and delivery capability keeps rising. To lead in this environment, you need more than a strong foundation – you need the right partner and the right pace. Verdane brings capital, active ownership experience, and a strong track record in scaling industrial technology companies. Combined with Telenor's connectivity infrastructure, customer relationships, and industrial expertise, this partnership is built to compete at the highest level. Mats Lundquist continues as CEO of Telenor Connexion, ensuring continuity and momentum. Pekka Lundmark joins as Independent Chair. This transaction reflects Telenor's broader strategy: developing and scaling businesses through active partnerships – creating long-term value for our shareholders and the customers we serve. We’re looking forward to what comes next! Read more in the press release below👇

Building a stronger global IoT player🌍 Today, Telenor takes a significant step in our IoT journey. We are partnering with Verdane to establish a jointly owned 50/50 company built around Telenor Connexion/Telenor IoT – one of Europe's leading managed IoT providers, with 31 million SIMs in operation and delivery to more than 200 countries. The transaction values Telenor Connexion at SEK 7.5 billion. The IoT market is growing fast. Customers are becoming more global. The bar for scale, reliability, and delivery capability keeps rising. To lead in this environment, you need more than a strong foundation – you need the right partner and the right pace. Verdane brings capital, active ownership experience, and a strong track record in scaling industrial technology companies. Combined with Telenor's connectivity infrastructure, customer relationships, and industrial expertise, this partnership is built to compete at the highest level. Mats Lundquist continues as CEO of Telenor Connexion, ensuring continuity and momentum. Pekka Lundmark joins as Independent Chair. This transaction reflects Telenor's broader strategy: developing and scaling businesses through active partnerships – creating long-term value for our shareholders and the customers we serve. We’re looking forward to what comes next! Read more in the press release below👇

Efficient, smart, and high quality shared services play a key role when a company is transforming its operations for the future. We are therefore really pleased to welcome Hanne Sannes-Moe from Nordea to Telenor as our new CEO of Telenor Shared Services AS (TSS). Read why below 💙 https://lnkd.in/etJzz8es