Telenor

Pakistan Telecommunication Co (PTCL) played down local media reports of an imminent move to acquire Telenor Pakistan, rumours apparently fuelled by its board approving exploration of investment opportunities in the local telecoms sector.

Telenor Group named head of Asia Jorgen Arentz Rostrup (pictured, right) as chief of its Nordic operations, with the unit’s current leader Petter-Borre Furberg (pictured, left) to replace him in Asia.

Cisco struck a deal to acquire Working Group Two (WG2) from Telenor Group for $150 million, beefing up a mobility services platform to help operators launch new offers across IoT and industry verticals.

Telenor Group credited increased revenue from mobile services and security products for driving growth in the Nordic region during Q2, though cited a continued challenging operating environment for its divisions in Asia.

Norwegian operator group Telenor unveiled a partnership with a trio of companies to form an entity focused on building data centres in its home country, touting benefits around sustainability and security.

Telenor CEO Sigve Brekke (pictured) pointed to rapid digitalisation across the Nordic region as a contributor to earnings growth in Q1, fuelled by strength in its mobile business and a turnaround in its fixed unit.

CK Hutchison held talks with Telenor about combining their respective mobile operations in Denmark and Sweden, Financial Times reported, as the conglomerate eyes in-market consolidation opportunities for some of its 3-branded units.