Norway’s Telenor Group has announced it is altering its organisational structure and its executive management team, with these changes said to have been made with a view to enabling it to ‘transition into a more integrated global company and to deliver on its digital strategy’. With the changes effective from 1 March 2017, Telenor Group has confirmed that its business units will be organised into four clusters, those being: Scandinavia, Central and Eastern Europe, Emerging Asia and Mature Asia. Meanwhile, a new ‘Services and Operations’ unit will ‘standardise and consolidate the development and operations of networks, core IT platforms, infrastructure and shared services’, with a separate ‘Products and Customer Interaction’ unit focusing on ‘improving and scaling customer innovation by working on products, customer journeys and analytics’. Telenor Group has, however, noted that its planned organisational changes will not impact its financial reporting structure.
Commenting on the matter, Telenor Group president and CEO Sigve Brekke said: ‘In 2015, we included the business unit CEOs into the Group’s executive management to ensure a closer connection with customers and the development of a unified global strategy. With the changes announced today, we are taking the next step and continue to evolve into a more global company, leveraging economies of scale and driving innovation across Telenor.’