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Telenor teams with AWS to accelerate modernisation of telecommunications

01/20/2022 | 01:00am EDT

(Fornebu, 20 January 2022) Telenor signs a strategic collaboration agreement with Amazon Web Services (AWS) to help expand its 5G core transformation and deliver new 5G and edge services to professional customers worldwide, which will increase data speed and reduce latency.

As part of the agreement, Telenor and AWS will invest in joint go-to-market activities in select industries—such as manufacturing, supply chain and logistics, and automotive—to enable more 5G and edge services for customers. Working with existing customers to demonstrate the possibilities of cloud-based resources, Telenor will scale its cloud footprint, while innovating to develop new services that use a combination of the most advanced and secure cloud technologies from AWS.

The agreement further expands the existing collaboration between both companies, with Telenor also becoming a member of the AWS Partner Network. Working with AWS, Telenor has already implemented an entire mobile core, running in the cloud, for Vimla—Telenor’s virtual mobile network operator brand in Sweden. Running on AWS, Vimla’s mobile core is scalable, programmable, and employs self-service APIs, enabling Vimla to create simple, innovative and valuable services for its customers. Vimla uses a wide range of AWS services, including Amazon ElastiCache, AWS Lambda, AWS Transit Gateway, and others to help scale elastically and provide a better service to more customers. The new cloud-based mobile core at Vimla is developed and managed as-a-service by Working Group Two, a company incubated by Telenor. As a result of driving network transformation on AWS, Telenor plans to expand the work at Vimla to other areas in the company’s worldwide network.

As part of their collaboration, Telenor and AWS will continue to innovate on behalf of customers in the areas of 5G edge for mobile private networks (MPNs) and edge computing. For example, Telenor 5G enabled a “network on wheels (NOW)” prototype powered by AWS. The NOW gives customers the ability to set up an autonomous private 5G network wherever it is needed. The NOW prototype is currently being used by the Norwegian defense material agency and the Norwegian Public Service broadcaster Norsk Rikskringkasting (NRK) for critical communication and remote production use cases, respectively. Internationally, Telenor’s Thailand brand dtac, launched a 5G private network proof-of-concept for Thai enterprises based on edge computing and the AWS Snow Family. This solution helps customers process real-time, artificial intelligence (AI)-based video analytics and other applications in remote locations, even in areas with intermittent connectivity.

“Working with AWS, we are continuing to advance and modernise the telecommunications industry—digitalising and expanding our offerings beyond connectivity. Together, we are building on our individual strengths and scaling secure, robust, and advanced cloud services, alongside the latest networking technology, for our customers much faster than we could ever do before. Our shared ambition is to use scalable and flexible building blocks from AWS to continuously raise the bar for what’s possible,” says Sigve Brekke, President and CEO of Telenor Group.

“Telenor is pushing the boundaries of innovation by running their Vimla core on AWS. Cloud technology is allowing Telenor to scale their network in a way that was not possible before and is allowing them to experiment and develop new experiences for customers to keep them engaged, entertained, and online. We are pleased to collaborate with Telenor as they continue to expand this innovative work to other parts of their business,” says Adam Selipsky, CEO of AWS.


Press contact:

David Fidjeland, Director Media Relations, Telenor Group

t: +47 934 67 224 | david.fidjeland@telenor.com 

© OMX, source GlobeNewswire - EU Press Releases

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Sales 2022 111 B 11 549 M 11 549 M
Net income 2022 12 896 M 1 344 M 1 344 M
Net Debt 2022 105 B 10 973 M 10 973 M
P/E ratio 2022 14,1x
Yield 2022 7,32%
Capitalization 181 B 18 886 M 18 886 M
EV / Sales 2022 2,59x
EV / Sales 2023 2,52x
Nbr of Employees 16 000
Free-Float 46,0%
Duration : Period :
Telenor ASA Technical Analysis Chart | TEL | NO0010063308 | MarketScreener
Technical analysis trends TELENOR ASA
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 19
Last Close Price 129,50 NOK
Average target price 146,11 NOK
Spread / Average Target 12,8%
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Managers and Directors
Sigve Brekke President & Chief Executive Officer
Tone Hegland Bachke Chief Financial Officer
Gunn Wærsted Chairman
Ruza Sabanovic Executive VP, Head-Technologies & Services
Jon Erik Reinhardsen Director
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