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Strong growth of connected services in the Nordics

Northerners
are known as early adoptors. The growth of connected products and services will
therefore continue to be strong here according to Telenor Connexion, who is
now investing further in the region.

Our society is
becoming increasingly connected. Anything that can benefit from being connected
will eventually be so. Telenor Connexion is focused on enabling companies to
connect their products and services.

After having
successfully established its offering in the global market, Telenor Connexion
has now taken a strategic decision to increase its focus on the Nordic region.

The company has
during the spring taken over a number of employees and migrated M2M (machine
-to-machine) customers from Telenor Sweden to Telenor Connexion.

Another part of
the Nordic venture is the acquisition of technology and IPR from Swedish
Iowa AB, a company that develops and provides cloud-based services for
connected products. With the acquisition Telenor Connexion is further
strengthening its competence within M2M hardware, systems integration and
application development.

“We believe in
a strong growth in the Nordic countries, a market known to quickly absorb new
technologies. Berg Insight estimates that the M2M market here will grow by
about 15% per year over the next few years. Our mission is to make it easier
for more companies to realize connected services. Iowa’s many years of
experience allows us to shorten lead times and provides comprehensive solutions
for companies looking to increase their competitive strength in the connected
world”, says Per
Simonsen, CEO of Telenor Connexion.

To lead the
Nordic initiative, Telenor Connexion has recruited Magnus Ahl as new Head of
Sales for the Nordic region. Magnus Ahl comes from a position as Regional Sales
Director Nordics at Gemalto M2M, where he was responsible for the successful
Nordic Business Unit for GSM modules and related services. Ahl has a background
within Telenor Group and has previously held positions as Global Account
Manager and Key Account Manager Telematics.

“With a
stronger focus on the Nordic region Telenor Connexion can take full advantage
of the of expertise in the company, the services and the strong local brand”, says Magnus
Ahl.

“I ‘m really
looking forward to leading a team of highly skilled sales people, who I already
know and which I know is the best in the region. The people and the competence
of the team will ensure growth, customer satisfaction and establish Telenor
Connexion as the leading provider of connected business solutions in the region”, continues
Ahl.

Magnus Ahl took
up his new position on August 1.

Telenor
Connexion, owned by Telenor Group, was established in 2008 and currently has about
70 employees. Telenor has been active within in the area of M2M since the 90s
and the company can thus be considered a veteran in the field. The customer
base includes companies such as Volvo Cars, Nissan, Scania and Hitachi.

For more
information, please contact:

Kristina Grandin,PR and Communications, Telenor Connexion
kristina.grandin@telenor.com,
+46 734 25 26 21


Telenor Connexion is a part of Telenor Group, one of the world’s largest mobile operators.