Telenor sets up global company to meet demand for M2M solutions
Building on the experience of the M2M operations within Telenor Sweden, the new company will be headquartered in Stockholm and will employ around 100 people within the next twelve months.
The rapidly expanding M2M communication market is a priority market for Telenor, with Berg Insight estimating that the European market alone will amount to some fifty million connections in 2011.
Telenor Connexion will be wholly owned by Telenor ASA, and will provide SIM cards and mobile connectivity to large, global enterprises in selected industries and market areas.
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