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Telenor CEO: AI is not new to us
  + stars: | 2024-04-30 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTelenor CEO: AI is not new to usTelenor CEO Sigve Brekke says the firm is scaling up its AI presence and aims to become a fully cloud-based operation.
Persons: Sigve Brekke Organizations: Telenor
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEurope's telecom landscape needs to be more investor-friendly, Telenor CEO saysTelenor CEO Sigve Brekke discusses artificial intelligence and the outlook for the telecom industry at the Mobile World Congress in Barcelona.
Persons: Sigve Brekke Organizations: Telenor, Mobile Locations: Barcelona
Telenor CEO: This was our strongest quarter in 10 years
  + stars: | 2024-02-07 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTelenor CEO: This was our strongest quarter in 10 yearsSigve Brekke, CEO of Telenor, says the company is investing in generative artificial intelligence to see how it can be part of its new services.
Persons: Sigve Brekke Organizations: Telenor
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTelenor CEO warns that AI will replace — and create — jobs: 'It's a shift'Sigve Brekke, CEO of Norway's Telenor, discusses what telecommunications companies need to do to become AI-ready.
Persons: Brekke Organizations: Telenor
OSLO, Oct 25 (Reuters) - Norwegian telecoms operator Telenor (TEL.OL) hopes to decide on a strategic solution for its Pakistan business before year-end, the company's CEO told Reuters on Wednesday. "We are in contact with many parties now, which is why I say I'm rather optimistic that we will by the end of the year have a final solution," CEO Sigve Brekke said. The three options are a merger similar to what Telenor has already done for other parts of its Asia businesses, a sale, or to continue but in a different operational model, he added. Reporting by Victoria Klesty, editing by Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.
Persons: Sigve Brekke, Victoria Klesty, Terje Solsvik Organizations: Telenor, Reuters, Thomson Locations: OSLO, Norwegian, Pakistan, Asia
Telenor tops Q3 profit expectations, narrows 2023 outlook
  + stars: | 2023-10-25 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsOSLO, Oct 25 (Reuters) - Norwegian telecoms operator Telenor (TEL.OL) on Wednesday reported third-quarter earnings above expectations, supported by growing mobile service revenue and lower energy prices in the Nordics, and narrowed its full-year projections. Telenor's Nordics service revenue grew 4% and EBITDA by 8% in the quarter. Similarly, it expects EBITDA to grow by 3-4% this year, which earlier was also seen at "low-to-mid single-digit growth". Telenor reiterated it expects capital expenditure in the Nordics to be around 17% of revenues for the period. ($1 = 11.1481 Norwegian crowns)Reporting by Victoria Klesty; Editing by Terje Solsvik and Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.
Persons: Dado Ruvic, Sigve Brekke, Telenor's, Victoria Klesty, Terje Solsvik Organizations: Telenor, REUTERS, Rights, Thomson Locations: Rights OSLO, Norwegian, Asia, Nordic, Malaysia, Thailand
In AI push, Telenor hires Google Cloud's Amol Phadke as CTO
  + stars: | 2023-08-22 | by ( ) www.reuters.com   time to read: +3 min
REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsSummaryCompanies Telenor recruits Chief Tech Officer from Google CloudAmol Phadke to implement AI strategyTelecom sector's AI adoption is going slowly, Phadke saysAlso appoints Petter-Boerre Furberg as head of Asia unitOSLO, Aug 22 (Reuters) - Norwegian telecoms firm Telenor (TEL.OL) has recruited Google Cloud's Amol Phadke as its new Chief Technology Officer (CTO) to strengthen its AI activities, Telenor said on Tuesday. Phadke most recently headed Google Cloud's (GOOGL.O) telecom business and has previously worked for British Telecom, Alcatel-Lucent and Accenture's network services unit. He said he wanted Telenor "to use AI in all of our operations to make operations more efficient, develop new products, increase energy efficiency." Phadke said Telenor would use AI will to make business operations more efficient, for example to predict traffic demand and allocate more bandwidth to areas with more users, and to improve interactions with customers. "We do not believe that AI will directly result in job reductions," Phadke said, adding he envisaged using AI to augment and enhance, not substitute, humans in processes.
Persons: Dado Ruvic, Phadke, Petter, Boerre Furberg, Sigve Brekke, Brekke, Arentz, Rostrup, Furberg, Victoria Klesty, David Evans Organizations: Telenor, REUTERS, Google, Telecom, Technology, British Telecom, Alcatel, Lucent, Reuters, Telenor Nordics, Thomson Locations: Asia, OSLO, Norwegian, Myanmar, Bangladesh, Thailand, Malaysia, Southeast Asia
Google , Netflix , Meta , Apple , Amazon and Microsoft generate nearly half of all internet traffic today. Big Tech firms say this would amount to an "internet tax" that could undermine net neutrality. They bemoaned spending billions on laying cables and installing antennas to cope with rising internet demand without corresponding investments from Big Tech. One suggestion is to require individual bargaining deals with the Big Tech firms, similar to Australian licensing models between news publishers and internet platforms. "The imbalance is not down to Big Tech, it's not down to streamers, and it's not down to telcos.
"We have not completed the deployment of 5G yet," Ha Min Yong, chief development officer of SK Telecom , told CNBC last week. However, after hundreds of billions of dollars of investment into 5G networks, carriers have struggled to see the return. I don't see any use cases today that we can't do with 5G or its immediate evolutions," Watson told CNBC last week. Many of the current 5G networks are built on top of equipment and technology from 4G. There will also be more software that powers 5G networks helping with efficiency such as the management of data traffic.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTelenor CEO: See resilience in the business as connectivity remains key amid inflationTelenor CEO Sigve Brekke tells CNBC how his industry is considering key themes such as the green transition, digitalisation, and security at the Mobile World Congress in Barcelona.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are experiencing 1 billion euros in increased energy costs: Telenor CEOSigve Brekke, CEO of Norwegian telecoms company Telenor, discusses the year ahead and the macroeconomic pressures facing the firm, including 1 billion euros ($1.08 billion) in increased energy costs.
Telenor Q3 gets surprise boost from one-off gain in Pakistan
  + stars: | 2022-10-26 | by ( ) www.reuters.com   time to read: +2 min
Dented by soaring inflation and intense competition, the company's shares have lost 35% year-to-date, closing at a 10-year low on Tuesday. "However, the negative effects are, this quarter, countered by a reversal of SIM tax provision in Pakistan." The one-off gain could help Telenor meet its annual goal of unchanged profit versus last year, it said. The group maintained its investment forecast for the year, predicting capital expenditure would amount to 16-17% of sales, and reiterated that service revenue would see "low single-digit growth". "We see positive trends for mobile service revenue in the Nordic region, with a growth of 4% in the third quarter," Brekke said.
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