Telenor chairman resigns as Oslo loses confidence

Norwegian telecom giant Telenor said on Wednesday its chairman would step down after losing the confidence of the government, the company's biggest shareholder.

"Harald Norvik, the Chairman of the Board of Directors of Telenor ASA, today informed the Board that he will resign," the company said in a statement.

"The Minister of Trade and Industry, Mr. Trond Giske … today expressed a lack of confidence in the Chairman of Telenor, following the handling of the TV2 issue in January this year," it explained.

"I have therefore decided to step down as Chairman in Telenor," Norvik said in the statement.

The company said Norvik, who has served as board chairman since May 2007, would remain in his post until his successor was elected at the next corporate assembly.

Danish media group Egmont, which co-founded TV2 in 1991, bought the remaining 50 percent of the Norwegian broadcaster's stock on January 9 for 2.1 billion Norwegian kroner (278 million euros, $365 million) from Norway's A-pressen media group, of which Telenor owns 44 percent.

"It is a sad day if TV2 now leaves Norway. It was a national project to start TV2 and an important lift for media Norway," Giske told national broadcaster NRK in January, saying it was sad to see the "family silver" leave the country.

Member comments

Log in here to leave a comment.
Become a Member to leave a comment.


Today in Norway: A roundup of the latest news on Tuesday

Found out what’s going on in Norway on Tuesday with the Local’s short roundup of important news.

Today in Norway: A roundup of the latest news on Tuesday
The northern lights in Tromsø. Photo by Lightscape on Unsplash

One in ten international students in Norway has had Covid-19

Ten percent of overseas students studying in Norway, compared to just 2.9 percent of Norwegian students, have had Covid-19, according to the Students Health and Well Being Survey (SHoT).

Some 62,000 thousand of Norway’s 300,000 students responded to the survey.

READ MORE: Are Norway’s Covid-19 numbers on track for reopening?

Overall, nearly three percent said that they been infected with the Coronavirus, just over half have had to self isolate, and 70 percent took tests.

Woman in her 40’s charged with murder

A woman has been charged with murder in Halden, southeast Norway after a body was found in an apartment in the towns centre.

She will be questioned on Tuesday. A public defender has been appointed. 

Six police cars attended the scene at a small housing association in the centre of Halden.

A person found in the same apartment is being questioned as a witness.

Network provider Telenor’s revenues down 2.1 billion kroner compared to last year

Telenor’s revenues are down 2.1 billion in the first quarter and the company has written of its 6.5 billion kroner investment in Myanmar following Februarys military coup.

The mobile network operator became one of the first foreign providers in the country and had gained a 35 percent market share.

However, the country’s new military regime shut down the mobile network on March 15th.

“In Myanmar, we are experiencing a confusing and uncertain situation. We are deeply concerned about the development in the country,” The company stated in its quarterly report.

Norway and Sweden in reindeer border dispute

Swedish Sami reindeer herders will appear in court this week in a case against the Ministry of Agriculture and Food.

The Swedish Sami herders believe they have exclusive rights to grazing areas across the Norwegian border because they have lived in the surrounding area for hundreds of years. The Norwegian government rejects these claims.

The reindeer grazing convention will be central to the case; the convention facilitates mutual cross-border grazing for reindeer herds.

Sweden withdrew from the convention in 2005. However, Norway enshrined the convention in law in 2005.

483 Coronavirus infections recorded

On Monday, 483 new cases of Covid-29 were registered, an increase of 75 compared to the average of the previous week.

READ ALSO: Norway considers lifting measures for people who have had their first Covid vaccine 

This is down from 1150 cases registered during the peak of Norway’s third wave on March 16th.

This is partly because fewer infections are registered during weekends and public holidays, causing an uptick on Mondays.