Saturday, 24 June 2017

Tough week for Telenor

By Mary Lennighan, Total Telecom
Friday 13 November 15

Norwegian incumbent suspends staff amidst Vimpelcom Uzbekistan probe, misses out on Thai 4G licence.

It's Friday again and we're all doubtless looking forward to the weekend. Or the majority of us, at least; if you're one of those people who love their job so much they can't wait until Monday, I don't want to hear about it! Telenor more than most will surely be glad to put this week behind it. That said, things could get worse before they get better for the Norwegian incumbent. The telco's 33% stake in Russia's Vimpelcom – which it is in the process of selling, although a buyer might not be easy to find under the circumstances – is causing it quite a serious headache…

It's Friday again and we're all doubtless looking forward to the weekend. Or the majority of us, at least; if you're one of those people who love their job so much they can't wait until Monday, I don't want to hear about it! Telenor more than most will surely be glad to put this week behind it. That said, things could get worse before they get better for the Norwegian incumbent. The telco's 33% stake in Russia's Vimpelcom – which it is in the process of selling, although a buyer might not be easy to find under the circumstances – is causing it quite a serious headache…

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