Telenor (TEL) AGM 2025 summary

Opening remarks and agenda

• The meeting was held virtually, with digital participation and webcast, and practical instructions for voting and questions were provided.

• Voting on all items remained open until the end, with results to be summarized after the meeting.

• 87.13% of share capital was represented, and the agenda followed the notice sent to shareholders.

Board and executive committee updates

• A new CEO, Benedicte Fasmer, and CFO, Torbjørn Wist, were appointed, forming a refreshed management team.

• The board began work on a new strategy for 2026–2028, with a Capital Markets Day planned for late 2025.

• The board acknowledged the contributions of the outgoing CEO and emphasized close collaboration with management.

Strategic initiatives and plans

• The company is finalizing its current strategy period and has started developing the next phase, to be presented in November.

• Focus areas include Nordic market growth, maximizing value and reducing risk in Asia, and expanding infrastructure and technology investments.

• Emphasis on cybersecurity, AI, and sustainable cloud solutions, including the launch of Telenor AI Factory and Skygard data center.

• Strengthening societal preparedness through defense contracts and exercises in the Nordics.