Telenor Consolidates IoT Operations to Launch Global IoT Powerhouse [Yahoo! Finance]
TELENOR ASA S/ADR (TELNY)
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Source: Yahoo! Finance
of Things (IoT) strategy by consolidating its Nordic IoT operations under Telenor Connexion, creating a unified global IoT powerhouse. This move strengthens Telenor's position as a leading provider of managed IoT solutions, enabling customers to benefit from a more streamlined, scalable, and innovative service offering. “This consolidation is about unlocking scale and accelerating growth. By bringing our IoT capabilities together under Telenor Connexion and our portfolio brand, Telenor IoT, we are creating a stronger platform to serve customers across the Nordics and globally, while capturing the opportunities of a rapidly expanding market,” says Dan Ouchterlony, Head of Telenor Amp. The global managed IoT market outside China is projected to reach around USD 30 billion by 2030, fuelled by rising demand for connected devices across industries including automotive, manufacturing, and smart cities. By consolidating its IoT operations in the Nordics, Telenor IoT aims to strengthen it
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