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TELENOR ASA

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Telenor Appoints Kaaren Hilsen as CEO of Its New Tower Company

06/01/2021 | 01:42am EDT

By Dominic Chopping

Norwegian telecom provider Telenor ASA said Tuesday that it has appointed Kaaren Hilsen as chief executive officer of its new tower company.

Ms. Hilsen is currently CEO of Telenor Sweden and will take up the role as head of Telenor Tower Holding AS from Sept. 1.

Telenor's newly established tower company is a holding company that brings together Telenor's Nordic tower activities into one unit that will report directly to the group chief financial officer.

"Tower infrastructure is a strategically important area for Telenor," Telenor ASA CFO Tone Hegland Bachke said. "We need a dedicated CEO and management team to drive value creation," she added.

Telenor has begun the recruitment process to find a new CEO for Telenor Sweden, it said.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

06-01-21 0342ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.28% 34838.16 Delayed Quote.14.14%
TELENOR ASA -0.06% 154.5 Real-time Quote.5.96%
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Financials
Sales 2021 113 B 12 855 M 12 855 M
Net income 2021 6 409 M 727 M 727 M
Net Debt 2021 109 B 12 352 M 12 352 M
P/E ratio 2021 35,8x
Yield 2021 6,02%
Capitalization 216 B 24 578 M 24 559 M
EV / Sales 2021 2,87x
EV / Sales 2022 2,71x
Nbr of Employees 18 000
Free-Float 46,0%
Chart TELENOR ASA
Duration : Period :
Telenor ASA Technical Analysis Chart | TEL | NO0010063308 | MarketScreener
Technical analysis trends TELENOR ASA
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 154,60 NOK
Average target price 161,84 NOK
Spread / Average Target 4,68%
EPS Revisions
Managers and Directors
Sigve Brekke President & Chief Executive Officer
Tone Hegland Bachke Chief Financial Officer
Gunn WŠrsted Chairman
Ruza Sabanovic Executive VP, Head-Technologies & Services
Jon Erik Reinhardsen Director
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