Telenor to invest €500m in fibre broadband

Norway’s telecoms incumbent Telenor has committed itself to investing NOK4bn (€500m) in fibre-optic broadband services for businesses, citing the rise in enterprise demand for cloud and video services.

The telco adds that DSL broadband over copper will “still be the technology that offers the best coverage across Norway for a long time to come” – and plans to upgrade its copper infrastructure accordingly.

Bjørn Ivar Moen, business market manager at Telenor, said: “The opportunities for savings through the use of cloud-based services are substantial, but services such as email, document storage and sharing, and accounting software require a stable and secure internet connection with high capacity.

“We have therefore set in motion a vigorous investment programme into fibre optic broadband for the business market, both in terms of internet access and virtual private networks (VPNs). With fibre optic broadband, we will ensure companies are ready for tomorrow’s digital solutions.”