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Norwegian software venture targets rising cyber attack risks

By Divya Chowdhury DAVOS, Switzerland, May 25 (Reuters) - Norwegian firms Telenor, Aker ASA and Cognite say a new software security company they plan to launch this year will help companies protect their industrial assets from an increased cyber attack risk since Russia's invasion of Ukraine. "More and more (industrial) objects (are) being connecte

Telenor Q1 profit misses forecast as costs rise

OSLO, May 3 (Reuters) - Norway's Telenor TEL.OL posted on Tuesday weaker-than-expected first-quarter profits and said growth in earnings was expected to lag revenue development by a few quarters as costs rose. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for January-March fell 4.5% year-on-year to 11.66 billion Nor

Telenor completes Myanmar business sale, to be paid over 5 years

OSLO, March 25 (Reuters) - Telenor TEL.OL will receive payments for the sale of its Myanmar operations over the next five years, the Norwegian telecoms company said on Friday as it announced the completion of the transaction. Telenor in May 2021 wrote down the value of its Myanmar business by 6.5 billion crowns ($751 million) and later said it woul

Telenor says sale of Myanmar unit gets final approval from junta

By Fanny Potkin and Poppy McPherson SINGAPORE, March 18 (Reuters) - Myanmar's junta has given the final approval for the sale of Norwegian telecommunications company Telenor's TEL.OL operations in the country to a local company and a Lebanese investment firm, the firm said on Friday. Telenor Chief Executive Sigve Brekke said in a statement the firm

Telenor investors scrutinise Myanmar sale

By Gwladys Fouche OSLO, Feb 16 (Reuters) - Several investors in Telenor TEL.OL are seeking assurances from the Norwegian telecoms company that customer data will be protected following the sale of its operations in Myanmar. Myanmar's military rulers have given the go-ahead for a local company, Shwe Byain Phyu, to own most of Telenor's business in t


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