Core Insights - Telenor is consolidating its Nordic IoT operations under Telenor Connexion to create a unified global IoT powerhouse, enhancing its position as a leading provider of managed IoT solutions [1][3] - The global managed IoT market outside China is projected to reach approximately USD 30 billion by 2030, driven by increasing demand for connected devices across various industries [3] - Telenor aims to be among the top five IoT providers globally, excluding China, by leveraging its consolidated operations to accelerate innovation and deliver scalable IoT services [6][7] Company Strategy - The consolidation will transfer managed IoT operations from Nordic markets to Telenor Connexion, integrating millions of SIMs and significant recurring revenues [4] - Telenor will establish two new legal entities in Finland and Norway to enhance local presence and support for customers [4][9] - The transition is expected to be completed by January 2026, ensuring no disruption to existing customer services [7] Market Position - Telenor has surpassed 25 million IoT devices in use, with its IoT business generating NOK 1.7 billion in revenue in 2024 [6] - The company is focused on maintaining and developing its local IoT business in Norway and Finland, emphasizing mission-critical solutions [5]