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Telecom operatorTier 1

Telenor

Norwegian operator group with mobile and fixed businesses in the Nordics and mobile operations in Asia. Since 2024 it has positioned itself as a sovereign AI infrastructure provider in Norway alongside its connectivity business.

Headquarters
Ownership
Public (listed)2026source ↗
Revenue
NOK 77bn2025source ↗
Also
AI infrastructure · managed services
Customers
ConsumerEnterpriseWholesale
Domains
MobileFixed & fibreIoTAI infrastructureSecurity
Markets
Telenor NorwayTelenor SwedenTelenor DenmarkDNACelcomDigiGrameenphoneTrue Corporation

Relationships8

Acquired by

  • ended

Acquired

  • pending

Partners

  • 26 Feb 2024
  • announced

Suppliers

  • 5 Mar 2025

Investors

  • announced

Investments

Related

  • 4 Jan 2024

Subsidiaries

Initiatives2

  • In production
  • Proof of concept

Signals10

  • 8 Jul 2026
  • 12 May 2026
  • 13 Mar 2026
  • Mar 2026
  • 22 Jan 2026
  • 31 Dec 2025
  • 5 Mar 2025
  • Nov 2024
  • 26 Feb 2024
  • 4 Jan 2024

Ecosystem

  • acquired by

    • Mobile · Telenor Pakistan, NOK 5.4bn; completed 31 Dec 2025ended · 31 Dec 2025 · Documented
    • Fixed & fibre · SEK 6.1bn EV; announced 8 Jul 2026, closing 4–8 months laterpending · 8 Jul 2026 · Documented
  • partners with

    • AI infrastructure · sovereign AI cloud partneractive · 26 Feb 2024 · Documented
      • In production
    • Cloud · sovereign AI factory platformannounced · Mar 2026 · Reported
      • In production
  • supplied by

    • RAN · RAN; agentic-AI innovation partnershipactive · 5 Mar 2025 · Documented
      • Proof of concept
  • invested in

    • ~30% until 2026; 24.95% sold to Arise (tranche 1 completed 13 Mar 2026), 5.35% retained under a put/callactive · Documented · 5.35%
    • IoT · 50% of the managed-IoT business (Telenor Connexion) at SEK 7.5bn EVannounced · 12 May 2026 · Documented
  • related to

    • Satellite · former Telenor Satellite; letter of intent on continued cooperationactive · 4 Jan 2024 · Reported

Open Telenor on the map →