Telenor Group has announced the formation of Telenor Asia, a more independent regional entity with headquarters in Singapore.
Telenor Asia will take on full oversight and responsibility for the company’s operations in Bangladesh, Malaysia, Pakistan, and Thailand.
“The strengthened team at our Singapore headquarters will add value to our operations and safeguard our interests in the region. This will also help us ensure value creation of our assets, and we will explore structural partnerships or, in the future, a potential IPO,” said Jørgen Rostrup, Head of Telenor Asia.
“The foundation for our continued growth in Asia is how our services help improve people’s lives and empower societies. In a recent survey we conducted of 8,000 people in South and Southeast Asia, a resounding 93 percent said that mobile connectivity improved their quality of life,” he added.
Each market will now have dedicated Investment Management teams. These teams will take on an asset manager role and represent Telenor’s interests in local boards. The team in Singapore will also be strengthened with expertise in finance, operations, risk management, governance, people management, and responsible business.
In 2021, Telenor Asia signed merger agreements in Malaysia and Thailand. These mergers are the largest and second largest in Southeast Asia. When the two mergers are completed, Telenor Asia’s portfolio will comprise leading telco players in three large Asian markets, with more than 200 million customers and $10 billion in revenue.
To achieve a target of $1.2 billion in cash flow by 2025, Telenor Asia will realize synergies from the two mergers and maximize opportunities across three areas:
Increasing mobile adoption and data usage in Bangladesh and Pakistan. There are more than 150 million people in these two countries without mobile devices and 50 percent of the current customer base subscribes to voice services only.
Growing business-to-business (B2B) revenue. The current revenue contribution to Telenor Asia from this sector is around 5 percent, with large growth potential. Throughout the pandemic, when the overall telco sector was contracting, Telenor Asia’s B2B revenue was up by 10 percent.
Expanding customer value by offering services beyond core mobile connectivity such as insurance, security, and gaming products.
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Usually companies do these kind of stuff to lay off employees initially and than sale out entire business. Telenor’s Pakistan and Bangladesh days are seems like numbered.
Slam
Plz your internet service porblm
Signals and internet problem in my area
My experience with Telenor is bad. signals drops with electricity failure and comes after 2 minutes.
Signal and internet problem
It means Telenor is going one step ahead in corruption, looting, wrong deduction and over charging.
Plzz improve your internet quality 😐
Poor data speed in pakistan
Poor Connection and poor data sheed in all Pakistan
Please 🙏, check data speed signals in karachi Pakistan
I Hope Telenor will never disappoint us in future, because Telenor is best service in Pakistan 🇵🇰
Call & internet problm
Plz Kuch mentain kro es ko
Signals and internet problem in my area
Onest
Pakistan main pehlay net ki services to theek kar len.
Free internet send me
Bad network now a days in kpk
Sarvi6 and inter6 problem electricity off hi problem
Sir Yaha mostly Telenor sim istamal ho Rahi ha lakin service problem bohat ha
مارکیٹ میں یہ بات زبان ں زدہ عام ہے کہ یوفون ٹیلی ۔ اس میں کوئ صداقت ہےنار کو خرید رہا ہے
Poor service (Voice & Data) and overcharging.
Zero speed of 4G and 3g in pakistan