Norwegian communications giant, Telenor Satellite has confirmed that the company is now owned by Space Norway, following an approval from the Norwegian Government for the purchase.
Telenor Satellite’s CEO, Morten Tengs, said: “We are pleased to be part of an organisation fully-owned by the Norwegian Ministry of Trade, Industry and Fisheries, which plays a key part in the Government’s activities in the space sector and whose core business is satellite.
“Space Norway has some of the most innovative projects in this industry and we are excited to bring our industry experience and expertise to the table. Together, we will continue to develop the Norwegian space sector while serving our clients throughout the Nordics and EMEA,” he said.
Telenor is a major European provider of satellite TV broadcast and VSAT data communications services and has a strong presence in the maritime sector, including cruise and ferry operations.
“With ownership of Telenor Satellite, Space Norway gains new opportunities for development and growth. We are now the largest and leading satellite competence centre in Norway and a significant satellite operator in Europe,” said Space Norway’s CEO, Dag Stølan.
Space Norway’s mandate is to manage and further develop strategic and security-critical space infrastructure safeguarding basic national functions.
The state-owned company’s activity level has increased significantly in recent years, as several essential space programmes and projects were completed.
In addition to transmitting satellite data to customers worldwide, Space Norway owns and is responsible for the fibreoptic connection between mainland Norway and Svalbard.