TelecomTV TelecomTV
  • News
  • Videos
  • Channels
  • Events
  • Directory
  • Smart Studio
  • Surveys
  • Debates
  • Perspectives
  • DSP Leaders World Forum
  • DSP Leaders
  • Great Telco Debate
    • |
    • Follow
    • |
    • Subscribe
  • |
  • More
  • Webcasts
  • Surveys
  • Debates
  • Perspectives
  • Great Telco Debate
  • |
  • Follow TelecomTV
  • |
    • Subscribe
    • |
  • About
  • Privacy
  • Help
  • Contact
  • Follow TelecomTV
  • About
  • Privacy
  • Help
  • Contact
  • Sign In Register Subscribe
    • Subscribe
    • Sign In
    • Register
  • Search

Tracker

TelecomTV TRACKER

Sourced by TelecomTV's TRACKER platform
from Telenor Media Center

Tracker

Regarding compliance cases handled by Telenor Group ASA and its subsidiaries

Via Telenor Media Center

Dec 12, 2016

During the past days, media has approached Telenor ASA with questions regarding cases uncovered by Group Internal Audit, currently being handled internally or under investigation by local government. In this release, Telenor ASA accounts for these cases. Two of the three cases were commented on by Telenor in April, this year.

Published: 12 December 2016

dtac in Thailand

dtac and Telenor announced in April, 2016, that dtac through its internal audit function had discovered deviations linked to site lease agreements in Thailand. dtac therefore hired PWC to conduct an external review. Their investigations showed that some local partners were unable to provide sufficient documentation of ownership of the land where the base stations are located. The rental agreements were according to common industrial practice in Thailand, but was not in line with Telenor’s internal guidelines. dtac has therefore changed its rental agreement routines and initiated a process to ensure that ownership is clearly documented in all rental agreements. This work will be concluded in 2017.

Reporting of suspicions of financial crimes

Telenor Group Internal Audit has uncovered matters related to suspicions of financial crimes and reported them to the local police in one of our markets. Due to the investigation, Telenor has been asked by local authorities not to comment any further on the case at this point.

Grameenphone in Bangladesh

Telenor Group Internal Audit in May 2016, uncovered that 11 of 250 sponsorship agreements broke with the company’s internal guidelines. Breaches of our internal guidelines are unacceptable, and corrective and preventive measures have therefore been initiated.

The first time Telenor Group Internal Audit uncovered unacceptable sponsorships in Grameenphone, was in 2013. The most serious breach was the sponsorship of a sports tournament, related to the Bangladeshi military. The case was reported to Sigve Brekke, who at that time was head of Asia and Chair of the Grameenphone Board of Directors. The company initiated several measures, including a review of the sponsorship guidelines and the establishment of a sponsorship committee to approve all sponsorships.

In 2016, Telenor Group Internal Audit conducted a compliance review of the new guidelines and uncovered a new set of unacceptable sponsorships. The agreements included sponsorships of sports tournaments, the security police’s jubilee celebrations, the refurbishment of their canteen as well as financial support to a phone book publication for the police.

As soon as the audit was completed in June, the findings were reported to Telenor CEO, Sigve Brekke, and to the Chair of the Board, Gunn Wærsted. All agreements in breach of the sponsorship policy have been terminated. External legal advisors have completed two independent legal reviews of case. No payment to individuals have been detected. Telenor still acknowledges that this case could have been followed-up closer after 2013. At the same time, it is positive to see that our internal control mechanisms work, ensuring that such matters are uncovered and handled.

Telenor is currently further strengthening our routines for allocating sponsorships. The Board of Directors in Telenor ASA has previously processed and considered Sigve Brekke’s involvement in the case and regards it as concluded with regards to Brekke’s handling.

( See separate report for further details about Grameenphone case on www.telenor.com )

Related Topics
  • Announcement,
  • Device Software & Apps,
  • Digital Platforms & Services,
  • Europe,
  • Government,
  • Media & Entertainment,
  • News,
  • Telenor,
  • Tracker

More Like This

5G

Three UK partners with TCS to accelerate 5G network rollout

Jan 18, 2021

Access Evolution

Interxion: A Digital Realty Company collaborates with PCCW Global to deliver submarine cable gateway to Europe

Jan 15, 2021

Access Evolution

How AI and connectivity could unlock a new drone age for industry

Jan 15, 2021

Security

Versa Networks records strongest year ever of rapidly growing SASE and secure SD-WAN sales

Jan 14, 2021

Access Evolution

CityFibre invests over £60m in Sunderland’s Full Fibre future

Jan 14, 2021

This content extract was originally sourced from an external website (Telenor Media Center) and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices

Email Newsletters

Stay up to date with the latest industry developments: sign up to receive TelecomTV's top news and videos plus exclusive subscriber-only content direct to your inbox – including our daily news briefing and weekly wrap.

Subscribe

Top Picks

Highlights of our content from across TelecomTV today

1:4:29

Great Telco Debate: Live Debate – Day 2 (On-demand)

1:18:20

Great Telco Debate: Live Debate – Day 3 (On-demand)

43:08

Developing an ecosystem for vRAN

1:5:11

Great Telco Debate: Live Debate – Day 1 (On-demand)

  • TelecomTV
  • Decisive Media

TelecomTV is produced by the team at Decisive Media

Menu
  • News
  • Videos
  • Channels
  • Directory
  • Smart Studio
 
  • Surveys
  • Debates
  • Perspectives
  • Events
  • About Us
Our Brands
  • TelecomTV Tracker
  • TelecomTV Perspectives
  • DSP Leaders
  • DSP Leaders World Forum
  • The Great Telco Debate
Get In Touch
[email protected]
+44 (0) 207 448 1070

Request a Media Pack

Follow
  • © Decisive Media Limited 2021. All rights reserved. All brands and products are the trademarks of their respective holder(s).
  • Privacy
  • Terms
  • Legal Notices