Telenor cuts 400 jobs in Sweden

Norwegian telecom operator Telenor will cut 400 jobs in Sweden out of a total of 2,400 employees because of disappointing sales, the company's Swedish subsidiary said in a statement.

"Despite our major efforts, revenues have not increased at the desired rate. We now have significantly higher prices than our rivals and this is untenable long-term," said Lars-Aake Norling, head of Telenor Sweden.

Telenor saw its net profits fall by two-thirds in the Q1 because of the economic crisis, hit particularly hard in Russia and Ukraine.


Suggested Articles

Wireless operators can provide 5G services with spectrum bands both above and below 6 GHz—but that doesn't mean that all countries will let them.

Here are the stories we’re tracking today.

The 5G Mobile Network Architecture research project will implement two 5G use cases in real-world test beds.