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.
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(END) Dow Jones Newswires