Norway's Telenor trims management team and simplifies structure

6 December 2002 -- Telenor, Norway's biggest operator, is simplifying its corporate structure to mobile, fixed-network and broadcast activities, involving trimming its management team from 10 to seven.

6 December 2002 -- Telenor ASA, Norway's biggest telecoms group, said that it was simplifying its corporate structure.
"Telenor is strongly committed to improve services for our customers in the domestic market and to elaborate a clearer strategy for our international activities," said chief executive Jon Fredrik Baksaas.

It is trimming its 10-man management team to seven members from 1 January and will consolidate the sales and marketing functions of its mobile and fixed-line networks operations in Norway.

"The group will have three business areas, encompassing mobile activities, fixed-network activities and broadcast activities as well as 'other activities' which also will be the financial reporting structure," it said.

The Mobile division will encompass management of all international mobile activities and be headed by senior executive vice president Arve Johansen.

The Networks business area, to be headed by executive vice president Jan Edvard Thygesen, will encompass fixed-network development and operation in Norway, as well as international fixed-network activities.

The Broadcast business area, to be headed by executive vice president Stig Eide Sivertsen, will cover all broadcast activities, such as content and interactive services for television.

Telenor said it will set up a separate Norwegian market area, uniting sales and marketing for the mobile and fixed-network businesses, headed by executive vice president Morten Karlsen Soerby.

The other members of the management team are senior executive vice president and chief financial officer Torstein Moland and executive vice president Berit Svendsen.

The managers leaving the team are Henrik Torgersen, president of operations in Russia; Morten Lundal, president of business solutions; Bjoern Forma, head of secretariat; and Jon Hippe, group manager for communications.

Due to the changes, Telenor is postponing a planned Capital Markets Day planned for 11 December until after the Q4 results at the end of February.

www.tellium.com

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