Telenor completes Utfors takeover
The agreement between Telenor and Utfors AB has been given final approval by the Swedish Competition Authority. The transaction could see Telenor becoming the main contender in the Swedish business communications market.
Telenor is concentrating its business market activities in Sweden in one new company, consisting of the integrated Telenor Business Solutions AB and Utfors AB. Norwegians will take the roles of CEO and chairman in the integrated company.
Bjørn Johan Flakstad is to become the new CEO of Telenor's business market activities in Sweden, after heading up Telenor-owned Hungarian mobile operator Pannon. "I look forward to heading Telenor's strong commitment in the Swedish business communications market, and to continue the positive development within Telenor Business Solutions and Utfors."
Jan-Edvard Thygesen, chairman of the board for Telenor's Swedish activities, said, "Utfors' position as a contender and innovator in the Swedish broadband market, from start-up to the listing on the stock exchange, has been built up by Jan Werne in recent years.
- Fabless semiconductor company SwitchCore AB, Lund, Sweden has partnered with Huawei Technologies, Shenzhen, China to deliver Gigabit Ethernet routing switches, which incorporate SwitchCore's CXE technology, to the enterprise market. The first product of their collaboration is the Quidway S5516 enterprise switch.