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Telenor to invest €500mn in fibre broadband

Oslo, capital of Norway

Oslo, capital of Norway

Norway’s telecoms incumbent Telenor has committed itself to investing NOK 4bn (€500mn) in fibre-optic broadband services for businesses, citing the rise in enterprise demand for cloud and video services.

The telco adds that DSL broadband over copper will “still be the technology that offers the best coverage across Norway for a long time to come” – and plans to upgrade its copper infrastructure accordingly.

Bjørn Ivar Moen, business market manager at Telenor, said: “The opportunities for savings through the use of cloud-based services are substantial, but services such as email, document storage and sharing, and accounting software require a stable and secure Internet connection with high capacity.

“We have therefore set in motion a vigorous investment programme into fibre optic broadband for the business market, both in terms of Internet access and virtual private networks (VPNs). With fibre optic broadband, we will ensure companies are ready for tomorrow’s digital solutions.”

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  • Not NOK 4bn (€500mn) in fibre-optic broadband services for businesses only, as stated in the artcle. This is the annual investment in new and upgraded networks from Telenor in Norway. A lot of it will benefit businesses, not all.

    Fossen on Telenor to invest €500mn in fibre broadband

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