New frontier launches for Space Norway
Space Norway has received parliamentary approval for its takeover of European communications company Telenor Satellite.
The transaction closed on 4 January with a formal signing.
Space Norway said that it can provide the right strategic focus to help Telenor Satellite realise its potential in maritime and land-based sectors in the coming decades.
“With ownership of Telenor Satellite, Space Norway gains new opportunities for development and growth,” said Space Norway’s chief executive, Dag H. Stølan.
“We are now the largest and leading satellite competence centre in Norway and a significant satellite operator in Europe.”
Telenor Satellite’s chief executive, Morten Tengs, said the company looked forward to being part of a government-owned organisation. “The Norwegian Ministry of Trade, Industry and Fisheries plays a key part in the government’s activities in the space sector,” he said.
“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.”
