je.st

Home › telenor

Tag: telenor

Telenor only bidder for Pakistan 850 MHz licence

2016-06-02 12:51:00| Telecompaper Headlines

(Telecompaper) The Pakistan Telecommunication Authority (PTA) announced that Telenor was the only company to submit a bid for the 850 MHz band licence on offer. As a result the auction for the spectrum will not go ahead. Earlier other operators, such as Mobilink and World Call, had expressed interest in the licence, which was left over from an earlier auction in 2014. However, only Telenor lodged a bid by the deadline of 01 June. The base price for the 2x10 MHz in the 850 MHz band was set at USD 395 million.

Tags: pakistan mhz licence bidder

Telenor likely to be only bidder in Pakistan auction

2016-06-01 02:00:00| Total Telecom industry news

Mobilink, Ufone and Zong will not participate in this month's 850-MHz sale.

Tags: auction pakistan bidder telenor

Telenor loses three more board members

2016-05-09 02:00:00| Total Telecom industry news

Board members including deputy chairman ask to be relieved from their duties.

Tags: members board loses telenor

Telenor admits 'insufficient' handling of VimpelCom case

2016-04-29 08:54:00| Telecompaper Headlines

(Telecompaper) Telenor is letting its CFO and general counsel go following a report showing the company failed to respond quickly to indications of corruption at its affiliate Vimpelcom. Telenor's board hired Deloitte Advokatfirma in November 2015 to investigate its handling of the allegations. The report found that Telenor's handling of the VimpelCom ownership was "insufficient". In 2011 already an employee seconded to VimpelCom raised concerns of potential corruption to executives in Telenor and to Telenor's nominated board members at VimpelCom. This concern, however, was not shared with Telenor's then CEO, Jon Fredrik Baksaas, until March 2014 and then to the Telenor board of directors in December 2014. The Norwegian state, Telenor's main shareholder, was not told until October 2015. Following the report, Telenor reached an agreement for CFO Richard Olav Aa and General Councel Pal Wien Espen to resign. CEO Sigve Brekke said the company "acknowledges that on this occasion we were unsuccessful in handling an important concern according to Telenor's ethical standards" and the group has initiated several measures to improve governance, compliance and transparency.

Tags: case handling insufficient admits