More trouble for Telenor, in Bulgaria

Norway’s international telecoms firm Telenor has run into even more trouble at its overseas operations. This time the problems are in Bulgaria, where a police investigation is now underway into what the company calls “economic crime.” Newspaper Dagens Næringsliv (DN) reported Friday that Telenor discovered shortly after buying its Bulgarian operation in 2013 that it […]

Yara’s nightmare draws to an end

One of Norway’s biggest companies, Yara International, may finally be able to heave a sigh of relief, after the last major appeals court action involving corruption at the fertilizer producer played out this week. It resulted in a lengthy prison term for Yara’s former chief legal counsel, the only one of the company’s former top executives to actually […]

Holidays not very happy at Telenor

A form of Norway’s much-cherished “julefred” (literally, Christmas peace) settled over Telenor the weekend, as it and other Norwegian companies recessed for year-end holidays. Most analysts and academics are not expecting a very happy New Year for Telenor, however, since its chief executive has been weakened by the board leader’s unsuccessful attempts to fire him, and her […]

Statoil faces new corruption probe

As Norway’s state-controlled oil firm Statoil wraps up another challenging year, it also faces a new state probe into possible corruption involving a high-ranking employee. Both he and the leader of a company doing business with Statoil, Norsk Helikopterservice, were arrested and charged last week. Newspapern Dagens Næringsliv (DN) reported that the charges were filed by state […]

Former Bergen mayor cleared

Trude Drevland, the once-high-profile mayor of Bergen, won’t be indicted on corruption charges after all. Nor will Bergen’s former harbour director, Inge Tangerås, or the shipowner who was alleged to have bribed them both in connection with the launch of his new Bergen-based cruiseship. Drevland was forced to leave office and politics and Tangerås was suspended […]

Telenor bosses have called a ceasefire

Telenor’s embattled chief executive and the leader of its board put on a united front Wednesday, posing together after months of conflict and claiming they personally get along well. They deeply regretted, though, that the company was put through another round of turbulence and uncertainty while its divided leadership tried to “clean up” after a string of earlier […]

Brekke keeps his job at Telenor

Sigve Brekke has survived a reported attempt by the leader of Telenor’s board of directors to force his resignation as the company’s chief executive. Now speculation is swirling over whether she’ll survive months of top-level conflict and retain her post, after failing to win support from the rest of Telenor’s board. The troubled Oslo-based telecoms firm issued […]

Media storm batters troubled Telenor

As reasons for a lack of confidence in Telenor CEO Sigve Brekke continued to leak out of the company this week, one of its major employee organizations tried to head off the media storm swirling around both Brekke and board leader Gunn Wærsted. It called on Telenor’s divided board of directors to retain Brekke as CEO as they huddled for the second of a […]

No peace yet for Telenor officials

As yet another management crisis spreads within Oslo-based Telenor, several of its top officials had to put on brave faces during this weekend’s Nobel Peace Prize festivities. They were among invited guests, but remained caught in conflict themselves as a new board meeting loomed on Monday. Norwegian media was full of the conflict now raging between the leader of […]

Power struggle rocks troubled Telenor

Norway’s Parliament is demanding some answers after reports of deep conflicts at the highest levels of Telenor, one of the country’s biggest companies. The state still owns a majority stake in Telenor, and now the government minister in charge of it is also caught in the conflict between the woman she chose to lead Telenor’s board of diretors less […]