Core Viewpoint - Telenor is expanding into the defence industry through its subsidiary KNL, which has signed a ten-year contract with the Finnish and Swedish Defence Forces for advanced military communication technology, highlighting the company's strategic move amid rising cyber threats and geopolitical tensions [1][4]. Group 1: Company Developments - Telenor acquired KNL Networks five years ago, initially focusing on dual-use solutions for civilian and military markets, but has since shifted exclusively to the defence sector, developing innovative technology for military operations [2]. - KNL has created high-frequency communication solutions that function independently of traditional infrastructure, crucial for military missions, ensuring reliable communication even in challenging conditions [3]. Group 2: Contract and Collaboration - The agreement with NORDEFCO, effective from 2025 to 2035, involves KNL, the Swedish Defence Material Administration, and the Finnish Defence Forces, although financial details remain confidential [4]. - The deepening Nordic defence cooperation is leading to increased joint procurement efforts, aiming for standardised equipment purchases across Nordic countries, which could further enhance KNL's market presence [6]. Group 3: Market Potential - KNL is engaging in dialogue and collaboration with several NATO countries, indicating significant international growth potential for Telenor's defence technology [7]. - The company anticipates that the agreement will serve as a foundation for accelerated development and a stronger position in the international defence market, meeting critical needs in current security situations [8][9].

Group 1 - TE Connectivity plc has completed the acquisition of Richards Manufacturing Co, a leader in utility grid products in North America [1][2] - The acquisition positions TE Connectivity to take advantage of the ongoing grid replacement and upgrade cycle in the region, enhancing its service capabilities for utilities and energy customers globally [1] - The management team of Richards will continue to operate the acquired business, ensuring continuity during the integration process with TE Connectivity [2] Group 2 - TE Connectivity is recognized as a global industrial technology leader, focusing on creating a safer, sustainable, and connected future through its connectivity and sensor solutions [3] - The company employs over 85,000 individuals, including 9,000 engineers, and operates in approximately 130 countries, emphasizing the importance of connectivity in various sectors [3]

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"Most of us store our private photos on the cloud, and many are now questioning the security of data stored abroad. By merging the Norwegian cloud storage companies Jotta AS and Telenor Software Lab, we are creating a robust Norwegian competitor that can challenge global providers in the European market," says Roland Rabben, CEO and founder of Jotta, who will also lead the new company. Both Telenor Software Lab and Jotta AS are well-established in the cloud storage market. For over a decade, Telenor Norway ...

Shareholders reelect all 12 members to board of directors during annual general meetingGALWAY, Ireland, March 13, 2025 /PRNewswire/ -- TE Connectivity plc (NYSE: TEL) announced today that its board of directors declared a regular quarterly cash dividend of $0.71 per ordinary share, payable on June 10, 2025, to shareholders of record at the close of business on May 21, 2025. This payment represents a 9% increase from the $0.65 per ordinary share quarterly dividend paid to shareholders on March 7.In addition, ...

List highlights organizations at the forefront of technology research and innovationGALWAY, Ireland, March 12, 2025 /PRNewswire/ -- TE Connectivity, a world leader in connectors and sensors, has been named among the Clarivate Top 100 Global Innovators, an annual list of organizations that prioritize innovation as a business strategy. TE Connectivity is a Clarivate Top 100 Global Innovator 2025. Innovation is a core value at TE, which has been named a Top 100 Global Innovator 12 times since Clarivate cre ...

Ethisphere continues its recognition of TE for its commitment to ethics, compliance and governance programsGALWAY, Ireland, March 11, 2025 /PRNewswire/ -- TE Connectivity, a world leader in connectors and sensors, has earned the 2025 World's Most Ethical Companies recognition from Ethisphere, a global leader in defining and advancing the standards of ethical business practices.TE, a recipient of this honor for 11 years in a row, is one of only four honorees in the electronics and components industry. In 202 ...

Industrial Technology Index shows most companies have begun adopting AI, but inadequate training is limiting widespread integration GALWAY, Ireland, March 5, 2025 /PRNewswire/ -- The 2025 Industrial Technology Index from TE Connectivity, a world leader in connectors and sensors, shows the integration of artificial intelligence at companies around the world is being hindered by a lack of comprehensive training programs, though optimism around the technology remains strong. The TE Connectivity Industrial ...

A month has gone by since the last earnings report for TE Connectivity (TEL) . Shares have lost about 0.8% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is TE Connectivity due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. TEL Q1 Earnings Surpass Estimates, Sales In ...

GALWAY, Ireland, Feb. 12, 2025 /PRNewswire/ -- TE Connectivity plc (NYSE: TEL), a world leader in connectors and sensors, has entered into a definitive agreement to acquire Richards Manufacturing Co. from funds managed by Oaktree Capital Management, L.P. and members of the Bier family, long-standing owners and leaders of the business. The transaction will strengthen TE's position in serving electrical utilities in North America by combining complementary product portfolios and adding the expertise of the Ri ...