Harald Norvik, the Chairman of the Board of Directors of Norwegian telecom provider Telenor ASA, on Wednesday informed the Board that he will resign.
Norvik said he made his decision to step down after the Minister of Trade and Industry, Mr. Trond Giske, representing the majority shareholder in Telenor ASA, had expressed a lack of confidence in him as chairman of Telenor, following the handling of the TV2 issue in January this year.
Harald Norvik will continue as Chairman of the Board until a new Chairman has been elected by the Corporate Assembly. Norvik has served as Chairman since 31 May 2007.
(NRK/Press release)(Picture E24)
Norwegian telecom company Telenor has been exposed to industrial espionage for the past three years, NRK reports.
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In Pakistan, Norway's Telenor and Tameer Bank have introduced the opportunity to earn interest on savings by using the mobile phone.
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Cyber spies have allegedly attacked the personal computers of several top leaders of the Norwegian Telenor Group, and copied all the contents, including passwords and personal data.
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The Norwegian Telenor Group has presented its updated plans for the company's operations in India, and says the aim is to capture growth in one of the world’s largest mobile markets.
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Norwegian telecommunications provider Telenor has reported Second Quarter revenues of NOK 25.4 billion, representing an organic revenue growth of five per cent. (Photo: Telenor CEO Jon Fredrik Baksaas)
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Minister of Finance and Trade, Trond Giske, has invited the directors of the companies in which the Norwegian government own shares or stocks to a meeting to discuss management salaries.
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