Latest news with #TelenorGroup
Barnama
5 days ago
- Business
- Barnama
Study: 89 Pct Of Malaysians Used AI Daily -- Telenor Asia
REGION - CENTRAL > NEWS SHAH ALAM, Aug 14 (Bernama) -- Eighty-nine per cent of Malaysian internet users are using artificial intelligence (AI) daily compared with 75 per cent recorded in 2024, a study by Telenor Asia revealed. According to Telenor Asia's "Digital Lives Decoded 2025: Building Trust in Malaysia's AI future" report released today, the number of AI users opting for financial as well as health and fitness tools has also more than doubled this year. The report highlighted that Malaysian internet users are embracing AI as a powerful tool for productivity, learning, and daily convenience. bootstrap slideshow Today, a quarter of Malaysian internet users intentionally use AI tools multiple times a day, indicating a significant behavioural shift, according to the report. The study, which surveyed 1,000 internet users, also revealed that Malaysians are digitally discerning, are optimistic about AI's potential, but deeply aware of its risks, ethics, fairness, and control. Telenor Group senior vice-president and head of AI, Dr Ieva Martinkenaite, said they expect transparent, inclusive and human-centric AI systems as a baseline, not a luxury. "For companies, these findings highlight that responsible AI is no longer an optional brand value but a core competitive differentiator. "Businesses must prioritise responsible data practices, invest in employee upskilling, and foster environments where ethical safeguards are integral to AI-powered innovation," she said in a panel discussion on the launch of the report today. The report also revealed that 51 per cent of Malaysian internet users now use AI at work, up from 37 per cent in 2024, with top AI applications in the workplace to include analytics (59 per cent), content development (52 per cent), and customer service (45 per cent).
Business Upturn
18-07-2025
- Business
- Business Upturn
Strong tailwind for Telenor in Q2
(Fornebu, Norway – 18 July 2025) Telenor Group delivers very strong results in the second quarter of 2025, triggering a raised EBITDA outlook for both the Nordics and Group. At the same time the company solidifies its position in the Nordic fibre market with a NOK 1.4 billion multi-year investment in Finland and the recently announced NOK 6 billion acquisition of GlobalConnect's consumer business in Norway. Second-quarter highlights: Service revenues of NOK 16.5 billion. Adjusted EBITDA of NOK 9.3 billion. Free cash flow before M&A of NOK 1.6 billion. During the second quarter, Telenor delivered year-over-year organic growth of 2.9 per cent in service revenues and 8.3 per cent growth in EBITDA. The main driver for the strong performance was Telenor Nordics, with 12.5 per cent organic growth in adjusted EBITDA. 'I am very pleased with our Nordic performance this quarter, which is the result of our employees' hard work and dedication to deliver the best and most secure network to our customers, as well as attractive add-on services. Based on the strong performance in the first half, we have raised our EBITDA growth outlook for 2025,' says CEO Benedicte Schilbred Fasmer. For the first half of 2025, Telenor Group delivered adjusted EBITDA of NOK 18.0 billion and a free cash flow before M&A of NOK 4.6 billion. Norway takes the lead this quarter In the Nordics, Telenor delivered 3.7 per cent organic growth in service revenues in the quarter. 'The performance in the Nordics was excellent this quarter. Our strategy to deliver more value for money with superior coverage, security products and cloud storage, continues to positively impact performance in all markets,' says Fasmer. Telenor Norway exceeded expectations, delivering growth in service revenues of 3.7 per cent and an adjusted EBITDA increase of 16.1 per cent. In addition to service revenue growth in Norway, revenues from the national roaming agreement with Lyse Tele (ice) contributed positively. In June, Hydro signed an eight-year agreement with Telenor for the delivery of mobile network as a service, covering both indoor and outdoor mobile coverage, for six aluminum plants in Norway. Telenor will provide mobile coverage, in addition to other bespoke services such as Secure Cloud Connect and IoT subscriptions. Telenor Pakistan delivered yet another quarter with strong service revenue growth of 15.0 per cent, while Grameenphone showed good execution, both commercially and in terms of cost efficiency despite the continued challenging market situation in Bangladesh. Significant investments in fibre Today Telenor announced the plan to upgrade DNA's market-leading fixed broadband infrastructure to become an all-fibre network for housing association customers in Finland by 2028. The investment of around NOK 1.4 billion (EUR 120 million) will be part of Telenor's capex over the next three years. Last week Telenor announced the acquisition of GlobalConnect's consumer business in Norway in a transaction valued at NOK 6.0 billion. The GlobalConnect acquisition includes fibre infrastructure as well as approximately 140,000 fibre customers. 'These two important investments will strengthen Telenor's foundation as a leading digital infrastructure provider in the Nordic, offering world-class speedy and secure connections to our customers,' says Fasmer. These transactions will create synergies with existing operations and build long-term, robust scale and better customer experiences across the telecom market. Financial outlook for 2025: Low single-digit organic growth in Nordic service revenues. High-single-digit organic growth in adjusted EBITDA in the Nordics (increased from mid-single-digit). For the Nordic business, capex excl. leases are expected to account for around 14 per cent of revenues. Mid-single-digit organic growth in the Group's EBITDA (increased from low-to-mid-single-digit). Free cash flow before M&A of around NOK 13 billion. For further information, please contact: Thomas Midteide, Chief Communications Officer, mobile +47 96 23 20 17 Frank Maaø, SVP Capital Markets and Investor Relations, mobile +47 91 67 40 45 Attachment TE_Telenor_2025_MG_4107_WEB Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Express Tribune
25-06-2025
- Business
- Express Tribune
Telecom authority chief visits Telenor HQ
Chairman of the Pakistan Telecommunication Authority (PTA), Major General (Retired) Hafeezur Rehman, paid an official visit to the headquarters of Telenor Group in Norway during his participation in the UN Internet Governance Forum, as part of ongoing discussions around digital transformation and telecom sector regulation. According to a statement issued by PTA on Wednesday, the chairman held a high-level meeting with the chief financial officer of Telenor Group, followed by another meeting with the group head of external relations, people and strategy. The visit also included a demonstration of 5G and artificial intelligence (AI) use cases, with examples drawn from healthcare, mobility, and smart city applications. The PTA statement adds that the chairman took part in a session on spectrum allocation practices in Nordic countries, aimed at exploring models of efficient spectrum management.
Business Recorder
25-06-2025
- Business
- Business Recorder
Telenor Group awaits approvals for PTCL acquisition of Telenor Pakistan, Orion Towers
ISLAMABAD: Telenor Group is still anticipating receiving the required approvals regarding the Pakistan Telecommunication Company Limited (PTCL) acquisition of Telenor Pakistan (Pvt) Ltd and Orion Towers in the coming months, with subsequent closing of the transaction in the second half of 2025. This was revealed by the Telenor Group while responding to a Business Recorder query. According to the agreement, the transactions regarding the acquisition were earlier set for December 2024, but due to delay, a new deadline of end June 2025 was set. Regulatory approvals delayed: H1 closure likely for Telenor's PTCL acquisition The PTCL acquisition has been delayed due to pending regulatory approvals, with the transaction now expected to close in the second half of 2025, according to Telenor Group's first-quarter report for 2025. Telenor Group had earlier stated in February that it expected the PTCL-Telenor merger to complete in the first half of 2025. However, in its latest update, the Group said obtaining the necessary regulatory approvals for the divestment of Telenor Pakistan has taken longer than anticipated. PTCL has already warned that further delay in Competition Commission of Pakistan's (CCP) decision regarding acquisition of Telenor Pakistan (Pvt) Ltd and Orion Towers may impact the agreement between the two companies, as the deadline is approaching nearer. 'We have submitted all the required documents and information to CCP, however the delay in announcing the decision regarding acquisition of Telenor Pakistan (Pvt) Ltd and Orion Towers is unusual', said Group CEO earlier, while urging for earlier decision to remove confusion and move forward.
