Oddvar Hesjedal Appointed New CEO of Grameenphone

Total Page:16

File Type:pdf, Size:1020Kb

Oddvar Hesjedal Appointed New CEO of Grameenphone Oddvar Hesjedal appointed new CEO of Grameenphone Grameenphone, the leading mobile phone operator in Bangladesh, today announced that its Board of Directors has appointed Oddvar Hesjedal (58) as the company's new Chief Executive Officer. He takes up the position immediately, succeeding Anders Jensen, who in September announced his decision of shortening his tenure as CEO for family related reasons. "The Board of Directors is very pleased to appoint Oddvar Hesjedal as Grameenphone's new CEO. His extensive experience within the mobile industry will be a great benefit to the company. Furthermore, his knowledge of both the organization and Bangladesh is an advantage. We welcome him as the new CEO and look forward to continue working together with him," said Sigve Brekke, Chairman of the Board of Directors of Grameenphone and CEO of Telenor Asia. Oddvar Hesjedal has served as Grameenphone's Chief Technology Officer since June this year. Prior to joining Grameenphone, he has held various top management positions within the Telenor Group. He was CTO of Kyivstar, Ukraine in 2004-06. Before he joined the Telenor Group, Oddvar Hesjedal was CEO of software and consultancy companies in Norway and Sweden. He has a Masters degree in computer science from the University of Oslo. Oddvar is married and has three daughters. "I am honored to be given the task to lead the premier mobile operator in Bangladesh. Grameenphone has played a decisive role in developing the communications sector in the country and will continue to do so in the future. I have deep respect for the achievements made by Anders during his time as the CEO and look forward to continue in the direction he has set forth for the company", said Oddvar Hesjedal. "Anders Jensen has done a great job over the last year, and he has headed the company in a professional and strong, yet empathetic and listening manner. Although it is sad that he is leaving the company, we fully espect his decision and wish him all the best in his future career," noted Sigve Brekke. "It has been a great pleasure to have been a part of the development and continued success of Grameenphone. The company has a great team, and I congratulate Oddvar on his appointment and wish him and Grameenphone the best of luck for the future," said Anders Jensen. Grameenphone is the largest mobile phone operator in Bangladesh, serving 20.8 million customers as of third quarter 2008. For further information, please contact: Esben Tuman, Vice President Communications, Telenor Asia Phone: +66 859 184 111, E-mail: [email protected] Photo: Download a photo of Oddvar Hesjedal Telenor Group is one of the world's major mobile operators. We keep our customers connected in our markets across Scandinavia and Asia. Our more than 30,000 employees are committed to responsible business conduct and being our customers' favourite partner in digital life. Connecting the world has been Telenor's domain for more than 160 years, and we are driven by a singular vision: to empower societies. For further information regarding Grameenphone and Telenor in Bangladesh, please use this link Telenor Group is one of the world's major mobile operators. We keep our customers connected in our markets across Scandinavia and Asia. Our more than 30,000 employees are committed to responsible business conduct and being our customers' favourite partner in digital life. Connecting the world has been Telenor's domain for more than 160 years, and we are driven by a singular vision: to empower societies. Powered by TCPDF (www.tcpdf.org).
Recommended publications
  • Download PDF Dossier
    Halberd Bastion Pty Ltd ABN: 88 612 565 965 58 Latrobe Terrace, Brisbane Queensland, Australia, 4064 [email protected] Research Dossier: VEON (VimpelCom) Headquarters Netherlands Company Name VEON Ltd. Ownership Type Publicly Traded Company Ownership/Controlling Entities Telenor Group Website https://veon.com/ Company Overview VEON, previously known as VimpelCom, is an international communications and technology company driven by a vision to unlock new opportunities for our customers as they navigate the digital world. Present in some of the world's most dynamic markets, VEON provides more than 235 million customers with voice, fixed broadband, data and internet services. VEON offers services to customers in 13 markets including Russia, Italy, Algeria, Pakistan, Uzbekistan, Kazakhstan, Ukraine, Bangladesh, Kyrgyzstan, Tajikistan, Armenia, Georgia, and Laos. VEON operates under the “Beeline”, “Kyivstar”, “WIND 3”, “Jazz”, “banglalink”, and “Djezzy” brands. VEON is headquartered in Amsterdam, the Netherlands, and is traded on the NASDAQ Global Select Market and Euronext Amsterdam under the symbol "VEON". Groups Under Direction The company maintains a significant controlling stake in 1 group companies globally. Group companies are those maintaining a parent relationship to individual subsidiaries and/or mobile network operators. Global Telecom Holding Headquarters: Netherlands Type: Publicly Traded Company, Subsidiary Subsidiaries The company has 8 subsidiaries operating mobile networks. Beeline Armenia Country: Armenia 3G Bands:
    [Show full text]
  • Financing Technology Entrepreneurs & Smes in Developing Countries: Challenges and Opportunities
    + innovation & entrepreneurship FINANCING TECHNOLOGY ENTREPRENEURS & SMES IN DEVELOPING COUNTRIES: CHALLENGES AND OPPORTUNITIES FINANCING TECHNOLOGY ENTREPRENEURS & SMES IN DEVELOPING COUNTRIES: CHALLENGES AND UKRAINE OPPORTUNITIES Country Study AN infoDev PUBLICATION PREPARED BY Roberto Zavatta Economisti Associati SRL in collaboration with Zernike Group BV Meta Group SRL June 2008 Information for Development Program www.infoDev.org www.infoDev.org FINANCING TECHNOLOGY ENTREPRENEURS & SMES IN DEVELOPING COUNTRIES: CHALLENGES AND UKRAINE OPPORTUNITIES Country Study AN infoDev PUBLICATION PREPARED BY Roberto Zavatta Economisti Associati SRL in collaboration with Zernike Group BV Meta Group SRL June 2008 Information for Development Program www.infoDev.org ©2008 The International Bank for Reconstruction and Development/ The World Bank 1818 H Street NW Washington DC 20433 Telephone: 202-473-1000 Internet: www.worldbank.org E-mail: [email protected] All rights reserved The findings, interpretations and conclusions expressed herein are entirely those of the author(s) and do not necessarily reflect the view of infoDev, the Donors of infoDev, the International Bank for Reconstruction and Development/The World Bank and its affiliated organizations, the Board of Executive Directors of the World Bank or the governments they represent. The World Bank cannot guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply on the part of the World Bank any judgment of the legal status of any territory or the endorsement or acceptance of such boundaries. Rights and Permissions The material in this publication is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law.
    [Show full text]
  • 1 Disclaimer
    Telenor – First Quarter 2008 Disclaimer The following presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated (’relevant persons’). Any person who is not a relevant person should not act or rely on this presentation or any of its contents. Information in the following presentation relating to the price at which relevant investments have been bought or sold in the past or the yield on such investments cannot be relied upon as a guide to the future performance of such investments. This presentation does not constitute an offering of securities or otherwise constitute an invitation or inducement to any person to underwrite, subscribe for or otherwise acquire securities in any company within the Telenor Group. The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law, and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about, and observe, such restrictions. This presentation contains statements regarding the future in connection with Telenor’s growth initiatives, profit figures, outlook, strategies and objectives. In particular, the section ‘Outlook for 2008’ contains forward-looking statements regarding the Telenor Group’s expectations. All statements regarding the future are subject to inherent risks and uncertainties, and many factors can lead to actual profits and developments deviating substantially from what has been expressed or implied in such statements. Kyivstar was deconsolidated from 29 December 2006, due to legal injunctions prohibiting Kyivstar’s management from providing financial information to Kyivstar’s international auditors and its shareholders, including Telenor.
    [Show full text]
  • Download Report (PDF)
    Growth comes from truly 2009 report Annual Telenor understanding the needs of people, to drive relevant change Annual report 2009 www.telenor.com Contents Dear shareholder // 01 Report from the Board of Directors 2009 // 02 Financial Statements Telenor Group Consolidated Income Statement // 16 Consolidated Statement of Comprehensive Income // 17 Consolidated Statement of Financial Position // 18 Consolidated Statement of Cash Flows // 19 Consolidated Statement of Changes in Equity // 20 Notes to the Consolidated Financial Statements // 21 Telenor ASA Income Statement // 88 Statement of Comprehensive Income // 89 Statement of Financial Position // 90 Statement of Cash Flows // 91 Statement of Changes in Shareholders’ Equity // 92 Notes to the Financial Statements // 93 Responsibility Statement // 106 Auditor’s report for 2009 // 107 Statement from the Corporate Assembly of Telenor ASA // 108 Financial Calendar 2010 // 108 Norway Hungary Bangladesh Denmark Montenegro Thailand Sweden Serbia Pakistan Ukraine India Russia Malaysia Dear shareholder Telenor Group has strengthened its position as a leading global telecoms operator through 2009. We delivered solid results and strong operating cash flow in spite of challenging macro economic conditions. With 10 million net subscriber additions during the year the Telenor Group reached 174 million mobile subscribers world- wide. The announcement of our agreement with Altimo in October to establish VimpelCom Ltd, the listing of Grameenphone in November and the launch of opera- tions in India in December are key milestones for the Telenor Group this year. The main focus within the Telenor Group this year has marking the completion of the first phase of the been to secure market positions while scaling our Uninor launch activities.
    [Show full text]
  • Q3 2007 Contents
    Q3 2007 CONTENTS Page HIGHLIGHTS THIRD QUARTER 2007 1 TELENOR’S OPERATIONS Norway 2 Sweden 3 Denmark 3 Central Eastern Europe 4 Asia 4 Broadcast 6 Other Units 6 OTHER COMMENTS FOR THE GROUP Specifi cation of Other Income and Expenses 7 Associated Companies 7 Financial Items 7 Taxes 7 Balance Sheet 7 OUTLOOK FOR 2007 8 DEFINITIONS 9 CONDENSED INTERIM FINANCIAL INFORMATION Consolidated Income Statement 10 Consolidated Balance Sheet 11 Consolidated Cash Flow Statement 12 Consolidated Statement of Changes in Equity 13 NOTES TO THE CONSOLIDATED INTERIM FINANCIAL STATEMENTS 14 CONTINUED HIGH UNDERLYING GROWTH HIGHLIGHTS THIRD QUARTER 2007 • Underlying revenue growth of 11% • EBITDA margin of 33% • Earnings per share of NOK 2.65 Proforma figures including Kyivstar estimates: • Underlying revenue growth of 12% • EBITDA margin of 36% • Earnings per share of NOK 3.02 “We now see higher pressure on reported revenue growth due to the appreciation of the Norwegian Krone in 2007 and the overall competitive situation in some of our markets. Despite this, we continue to deliver high underlying revenue growth and stable EBITDA margin. Our consolidated mobile operations added four million subscriptions during the quarter. Kyivstar in Ukraine has maintained its market position and is estimated to have delivered a strong financial performance. The legal situation concerning Kyivstar is still prohibiting us from receiving financial information. In August, the arbitration court in New York ruled in favour of Telenor and we are now in process of having this ruling enforced. Telenor Pakistan and DiGi, in Malaysia, continue to convince by maintaining their good performance. In Bangladesh, increased competition and price reductions have led to lower revenue growth in Grameenphone during the last quarters.
    [Show full text]
  • Analysis of Market Entry Strategies of European Wireless Operators Into Underserved Markets the C
    Juan VAZQUEZ RUIZ H05571 Research Paper Majeure Finance 2009 Analysis of Market Entry StrateGies of European Wireless Operators Into Underserved Markets The Case of Telenor Research Tutor: Tomasz Michalski Abstract The following paper presents a comprehensive framework for the study and assessment of the economic potential of wireless markets in developing countries. The framework is sequential and recursive, staggered in three stages. The first stage is a macro analysis at the level of the company’s international business model. Its outcome will consist on the assessment of the positive or negative fit of the country’s wireless market within the context of the company’s strategy. The second part of the framework consists on a detailed scrutiny of the country’s telecommunications regulatory conditions, as well as other considerations of nation‐wide purview. The third and final stage of the model will be devoted to a careful study of the market conditions at the local level –the competitive structure of the market, the service mix, the estimation of demand and all other matters involving direct contact with clients will be the focus of this last part of the model. Lastly, the model will be put into practice when analyzing the expansion of the company Telenor into the Indian wireless market. 2 Acknowledgements Many thanks to my tutor, Tomasz Michalski, for his advice and his patience. 3 Table of Contents List of FiGures .....................................................................................................................................................
    [Show full text]
  • 8 Shifts in Sector Structure of Mutual Direct Investments of the CIS
    MONITORING INTEGRATION PROCESSES Shifts in Sector Structure of Mutual Direct Investments 8 of the CIS Countries Alexei Kuznetsov – Corresponding Member of the Russian Alexey Academy of Sciences, PhD, Director of the Centre for European Kuznetsov Studies, IMEMO. In 2001, graduated from the Lomonosov Moscow State University, in 2003 completed postgraduate study in IMEMO. Laureate of the ‘Top Economists in RAS’ programme (2004-2005), winner of a Russian President Grant for Young Scientists (2005- 2006). Author of over 100 scientific publications. E-mail: [email protected] The paper presents new results of the joint project “Monitoring of mutual investments in the CIS”1, implemented by the Institute of World Economy and International Relations (IMEMO) of the Russian Academy of Sciences and the Centre for Integration Studies of EDB. It shows the sectoral structure of foreign direct investments made by various post-Soviet countries in the CIS region. It explains the methodology of the analysis of structural changes in the investment stock. In late 2011, the Institute of World Economy and International Relations of the Russian Academy of Sciences and the Centre for Integration Studies of EDB launched a multi-year joint programme of study of foreign direct investment (FDI) in the CIS countries. Using this programme, it is planned to significantly expand the empirical basis for the analysis of corporate integration in the Post- Soviet space, as well as to obtain new scientific conclusions about the processes of trans-nationalisation of business and to develop recommendations for further 1 http://www.eabr.org/e/research/centreCIS/projectsandreportsCIS/invest_monitoring/ 148 EDB Eurasian Integration Yearbook 2013 Alexey Kuznetsov.
    [Show full text]
  • Economic Contribution of Mobile Communication WTO Symposium
    Economic contribution of mobile communication WTO Symposium on Telecommunications Geneva 21 February 2008 Mrs. Harriet E. Berg Vice President Norway Telenor Mobil Sweden Telenor Sweden Denmark Sonofon Hungary Pannon Montenegro Bangladesh Promonte Grameenphone Serbia Thailand Telenor Serbia DTAC Ukraine Pakistan Kyivstar Telenor Pakistan Russia Malaysia VimpelCom DiGi Another 2500 connected Communication for all Individual Businesses Communities Society Social benefits of mobile communications - Health services Bangladesh: 1 physician per 4,000 inhabitants Pakistan: 3 physicians per 4,000 inhabitants Ukraine: 12 physicians per 4,000 inhabitants Methodology – Static analysis Static Analysis Supply - Side Impact Demand - Side Impact Intangible Impact Mobile Direct Operators Related Improved Social Indirect Industries productivity benefits Multiplier General Economy Dynamic Analysis Research and Willingness to Analysis Value Chain interview pay Methodology – Dynamic analysis • Deloitte undertook a regression analysis using a cross-section of developing countries. • They estimate that a 10% increase in penetration could increase the GDP growth rate of a country by 1.2%. 1.2 Ukraine 1 0.8 Malaysia 0.6 Serbia Pa kis ta n 0.4 Penetration rates Penetration 0.2 Bangladesh 0 0 1000 2000 3000 4000 5000 6000 7000 GDP per Capita (US$) Ukraine Pakistan Malaysia 2007 2007 2007 Total GDP Contribution: USD 7.5 bn Total GDP Contribution: USD 5.6 bn Total GDP Contribution: USD 6.6 bn GDP percentage: 5.9% GDP percentage: 5.2% GDP percentage: 5.9% Full time
    [Show full text]
  • Earnings Release 4Q20 Results
    Earnings Release 4Q20 results 18 FEBRUARY 2021 DELIVERING ON EXPECTATIO NS BACK TO GROWTH IN AN UNEXPECTED YEAR 1 Earnings Release 4Q20 results Amsterdam (18 February 2021) - VEON Ltd.(VEON) announces results for the fourth quarter ended 31 Dec 2020: 2020 HIGHLIGHTS: • VEON’s recovery continued as growth on a local currency basis returned in the fourth quarter, amidst unprecedented challenges • Group performance and cost structure were improved by streamlining HQ, empowering local operations and enhancing governance • VEON executed on a record network rollout, driving growth in 4G users of 34% YoY, (+20 million). Data revenues grew by 15.0% YoY in local currency • Portfolio optimization remained a focus, as shown by our exit from Armenia. Further opportunities to unlock value are being explored 2020 saw the global telecoms industry facing unprecedented challenges, as we battled the COVID pandemic with the associated lockdowns and faced a material slowdown in economies. During this time, VEON stepped-up support to our over 200 million customers, addressing their changing demands associated with the new normal • During the last year, the group concluded a major transformation from a centralized entity to a structure with fully empowered country operations governed by the local operating boards. This has enabled us to further strengthen the governance and expedite the decision- making processes across all local business lines • The Group delivered FY 2020 results in line with guidance, with full-year revenue of USD 7,980 million (down 1.6% YoY in local currency) and EBITDA Adj. of USD 3,453 million (down 2.1% YoY in local currency).
    [Show full text]
  • Download Throughput Over Its
    Volume 11, February, 2020 A SAMENA Telecommunications Council Publication www.samenacouncil.org S AMENA TRENDS FOR SAMENA TELECOMMUNICATIONS COUNCIL'S MEMBERS BUILDING DIGITAL ECONOMIES Distinguished New Leadership of SAMENA Council THIS MONTH NECESSITATING CYBERSECURITY VOLUME 11, FEBRUARY, 2020 Contributing Editors Knowledge Contributions Subscriptions Izhar Ahmad AdaptiveMobile Security [email protected] SAMENA Javaid Akhtar Malik Analysys Mason AT&T Advertising TRENDS CybelAngel [email protected] DT One Editor-in-Chief Zain Group SAMENA TRENDS Bocar A. BA [email protected] Publisher Tel: +971.4.364.2700 SAMENA Telecommunications Council CONTENTS 04 EDITORIAL FEATURED 17 REGIONAL & MEMBERS UPDATES Members News Regional News 89 SATELLITE UPDATES Satellite News 07 SAMENA Council’s New 106 WHOLESALE UPDATES Leadership... Wholesale News 09 New Board Members Speak... 112 TECHNOLOGY UPDATES SAMENA COUNCIL ACTIVITY Technology News The SAMENA TRENDS eMagazine is wholly owned and operated by The SAMENA 120 REGULATORY & POLICY UPDATES Telecommunications Council (SAMENA Regulatory News Council). Information in the eMagazine is not intended as professional services advice, A Snapshot of Regulatory and SAMENA Council disclaims any liability Activities in the SAMENA Region for use of specific information or results thereof. Articles and information contained Regulatory Activities in this publication are the copyright of Beyond the SAMENA Region 12 Convergence to Bahrain 2020: SAMENA Telecommunications Council, 5G & IoT and the Regional (unless otherwise noted, described or stated) ARTICLES Digital Vision and cannot be reproduced, copied or printed in any form without the express written SAMENA Council and TRA permission of the publisher. 62 Recognizing Cybersecurity as an Bahrain Collaborate to Organizational Issue, Not an IT Congregate the Regional ICT The SAMENA Council does not necessarily Industry in Bahrain..
    [Show full text]
  • The State's Ownership Report 2006
    THE STATE’S OWNERSHIP REPORT 2006 The Norwegian State Ownership Report 2006 comprises 52 companies in which the Definitions ministries administer the State’s direct ownership interests. The companies presented in this report include both companies with commercial objectives and the largest, most The list below contains definitions of the concepts used in • Capital employed – Equity plus interest-bearing debt important companies with sectoral policy objectives. this report. Please note that these definitions may deviate from those used by the companies, as several of these • Dividend ratio – funds set aside for dividends as a concepts are defined differently by the companies. proportion of the annual profit for the group. The State Ownership Report CATEGORY 1 – Companies with CATEGORY 4 – Companies with 3 The State Ownership Report 2006 commercial objectives sectoral policy objectives • Rate of return – Here used on matters pertaining to • The geometric average has been used to calculate the The Minister 50 Argentum Fondsinvesteringer AS 78 Avinor AS shares. The rate of return consists of the change in average profit share. 4 The State – an active, long-term owner 51 Baneservice AS 79 Bjørnøen AS value of the share plus the dividends paid. The geome- The Year 2006 52 Eksportfinans ASA 80 Enova SF tric average is used to calculate the average annual rate • Equity ratio – Equity as a percentage of total capital. 6 The Year 2006 for the State as 53 Entra Eiendom AS 81 Gassco AS of return, and account has been taken of the increase in Shareholder 54 Flytoget AS 82 Industritjeneste AS the value of dividends paid by assuming that dividends • Total remuneration to the Chief Executive Officer Key Figures 55 Mesta AS 83 Kings Bay AS have been reinvested to give a rate of return correspon- – salaries, pensions and other forms of remuneration in 11 Rates of return and values 56 SAS AB 84 Kompetansesenter for IT ding to five-year state bonds.
    [Show full text]
  • Annual Report 2010 Worldreginfo - 3345Fef1-04Ac-4945-Aab6-E5288d399705 Teliasonera Annual Report 2010 Content
    Annual Report 2010 WorldReginfo - 3345fef1-04ac-4945-aab6-e5288d399705 TeliaSonera Annual Report 2010 Content Content TeliaSonera in Brief 3 The Year in Brief 4 Letter from the CEO 5 Markets and Brands 7 Report of the Directors 9 Corporate Governance Statement 21 Board of Directors Including Remuneration 28 Group Management Including Remuneration 30 Consolidated Statements of Comprehensive Income 32 Consolidated Statements of Financial Position 33 Consolidated Statements of Cash Flows 34 Consolidated Statements of Changes in Equity 35 Notes to Consolidated Financial Statements 36 Parent Company Income Statements 86 Parent Company Statements of Comprehensive Income 87 Parent Company Balance Sheets 88 Parent Company Cash Flow Statements 89 Parent Company Statements of Changes in Shareholders’ Equity 90 Notes to Parent Company Financial Statements 91 Proposed Appropriation of Earnings 107 Auditors’ Report 108 Ten-Year Summary Financial Data 109 Ten-Year Summary Operational Data 110 Definitions 111 Annual General Meeting 2011 113 Contact TeliaSonera 114 TeliaSonera AB (publ), SE-106 63 Stockholm, Sweden Corporate Reg. No. 556103-4249, Registered office: Stockholm, Telephone: +46 (0)8 504 550 00, www.teliasonera.com WorldReginfo - 3345fef1-04ac-4945-aab6-e5288d399705 TeliaSonera Company Presentation 2010 Introduction TeliaSonera in Brief TeliaSonera is a global telecom pioneer. We provide network access and telecommunication services that help people and companies to communicate in an easy, efficient and environmentally friendly way. Our vision is to be a world-class service company, recognized as Net sales and EBITDA margin, excluding non-recurring an industry leader. We are proud of being pioneers of the items, 2008–2010 telecom industry, a position we have gained by being innovative, reliable and customer friendly.
    [Show full text]