Business
A new organisation for stronger customer focus and value creation
(Fornebu, 27 May 2026) Telenor today announces a simplified and sharpened organisational structure to accelerate execution and support the long‑term value creation strategy presented at the Capital Markets Day. The changes form part of the operational excellence initiatives and financial ambitions announced at the CMD. Telenor ASA announces a simplified organisational structure, designed to strengthen customer and market proximity, enabling accelerated execution and long-term growth. The composi
About this update from Telenor Asa
(Fornebu, 27 May 2026) Telenor today announces a simplified and sharpened organisational structure to accelerate execution and support the long‑term value creation strategy presented at the Capital Markets Day. The changes form part of the operational excellence initiatives and financial ambitions announced at the CMD. Telenor ASA announces a simplified organisational structure, designed to strengthen customer and market proximity, enabling accelerated execution and long-term growth. The composition of the Group Management team will be updated accordingly. The changes support Telenor’s strategic priorities set out at the Capital Markets Day in November. The four current Business Areas – Nordics, Asia, Amp, and Infrastructure – will be replaced with a more country-centric structure. New Group Management to bring decisions closer to the market As part of the changes, the Nordic country CEOs will join Group Management directly, removing the current Nordic Business Area layer. This will ensure that customer, market and financial perspectives will be more closely reflected in Group‑level decision-making. Effective from 18 August 2026, the Group Management team, led by President and Group CEO Benedicte Schilbred Fasmer, will comprise the following members: Supporting Telenor’s financial ambitions As outlined at the CMD in November 2025, Telenor is pursuing top-line growth, greater efficiency and operational improvement through customer excellence, simplification, transformation and disciplined capital allocation. The streamlining of Telenor’s organisational structure will substantially reduce administrative costs as part of the operational excellence initiatives and financial ambitions announced at CMD. The new structure will support the Group’s financial ambitions of low-to-mid-single digit EBITDA growth, as well as material improvement in free cash flow and return on capital towards 2028 and 2030. An updated segment reporting structure will be presented in due course. For additional information, please contact: Frank Maaø, SVP Capital Markets and Investor Relations (+47 91674045) David Fidjeland, Director Media Relations (+47 93467224)