GN Store Nord A/S is a Danish manufacturer of hearing aids (GN ReSound/GN Hearing), speakerphones, videobars and headsets ( Jabra (GN Audio) and SteelSeries ). GN Store Nord A/S is listed on NASDAQ OMX Copenhagen (ISIN code DK0010272632).
48-519: The company was founded as The Great Northern Telegraph Company (Det Store Nordiske Telegrafselskab A/S) in Denmark in June 1869. It was set up as a merger of three recently established telegraph companies initiated by Danish industrial mogul Carl Frederik Tietgen . The aim of the firm was to create a worldwide telegraph company. The starting point of The Great Northern Telegraph Company (now GN Store Nord)
96-492: A USD 8.6 billion merger plan between Thailand’s second and third largest telecom operators (by subscribers), True Corporation (TRUE) and Total Access Communication (DTAC) – the proposed merger is subject to regulatory approvals. The merger was "acknowledged" by the regulator NBTC at a meeting on October 20, 2022. The newly merged company still retain the True Corporation name, which was founded on 1 March 2023 and it
144-399: A bankruptcy had demonstrated a remarkable eye for economy and strategic thinking, he was invited to join the management of Privatbanken which under him developed into Denmark's first investment bank . In the span of four decades as head of Privatbanken , Tietgen created and consolidated a large number of companies, and gained control of major companies in several industrial sectors. In
192-424: A broader segment by investing in various companies across sectors. This strategy was initiated in 1939 with the investment in the battery factory Hellesens. Over the following decades, The Great Northern Telegraph Company balanced between investing in the telecommunications industry and other industries. On the industry side, it invested in companies such as Lauritz Knudsen, which produced electrical goods, and in 1947,
240-626: A major shareholder in the new company, as would a circle of business associates and Tietgen himself. He retired from Privatbanken in 1896, after suffering a stroke in Paris in 1894. The companies founded or co-founded by Tietgen include: Tietgen was also to some extent a philanthropist , notably paying for the completion of Marble Church . He also built Taarbæk Church on the Øresund coast north of Copenhagen. Tietgen married 19-year-old Laura Charlotte Jørgensen on 8 August 1855 in Vejstrup on
288-531: A reality. When the transatlantic connection was finally established, however, it represented a remarkable expansion, which significantly facilitated communication between people around the world. The beginning of the 20th century was characterized by several wars and disputes, which affected the company's operations. World War I and largely the Russian Revolution changed the map of Europe, but this only meant an increase in demand for telegraphy. Thus,
336-949: A share price decline equivalent to previous years' gains. Thereby major parts of the yield from Sonofon was lost within one year, and shareholders were raging in the media and at the annual general meeting. The following years' turbulence led to the company selling most of its subsidiaries and leaving Tietgen's old headquarters in 1893 at Kongens Nytorv in Copenhagen. GN Store Nord's headquarter currently resides in Ballerup North of Copenhagen, Denmark. GN continued focusing on its two core businesses; hearing aids and headsets, produced by GN Hearing and GN Audio, respectively. On October 2, 2006, GN announced its decision to divest GN Hearing (formerly GN ReSound) and GN Otometrics (a company producing audio measuring equipment) to Swiss competitor Sonova (formerly known as Phonak). The deal, however,
384-594: A telegraph line in parts of Siberia but were looking for a business partner to cover China and Japan before continuing the Russian line all the way east to Vladivostok. Thus, The Great Northern Telegraph Company was given the responsibility to establish and run its own telegraph line in Asia and additionally assist the Russians with operations, maintenance, technical assistance, and education. The naval officer Edouard Suenson
432-608: Is a Norwegian majority state-owned multinational telecommunications company headquartered at Fornebu in Bærum , close to Oslo . It is one of the world's largest mobile telecommunications companies with operations worldwide , but focused in Scandinavia and Asia . It has extensive broadband and TV distribution operations in four Nordic countries , and a 10-year-old research and business line for machine-to-machine technology. Telenor owns networks in 8 countries. Telenor
480-656: Is a leading TV content distributor in the Nordic region with about 2.7 million customers in 2011. On 13 April 2021, the merger of Canal Digital and Viasat in Allente was completed. Telenor also operates the national terrestrial broadcast network in Norway , through its subsidiary Norkring . Thor is a family of satellites owned by Telenor. On 11 February 2008, the THOR 5 satellite was launched into geostationary orbit. The launch
528-607: Is a world leader in Unified Communications headsets, and within the last couple of years, the company has managed to be the first at introducing a number of innovative products on the market. In 2014, the company launched the world's first sports headset with a built-in heart rate monitor. In addition, a series of noise cancellation headsets with a concentration zone has been launched, which are specially designed to improve employees' ability to concentrate in noisy open offices. GN Hearing also got back on track. In 2010,
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#1732780436418576-581: Is listed on the Oslo Stock Exchange and had a market capitalization in November 2015 of kr 225 billion, making it the third largest company listed on the OSE after DNB and Equinor (previously known as Statoil). Telenor started off in 1855, as a state-operated monopoly provider of telegraph services named Telegrafverket . The first Norwegian planning for a telegraph were launched within
624-636: The North Sea were made operational. This is the start of Inmarsat Satellite Communication, and formed the first steps to digitalise the telephone network in 1980–1985. Televerket opened its first manual mobile telephone system in 1966, being replaced with the automatic NMT system in 1981, and the enhanced NMT-900 in 1986. Norway was the first country in to get an automatic mobile telephone system. The digital GSM system came into use in 1993. The third generation of mobile technology with UMTS system began full operation 2004. The Opera web browser
672-613: The PPF Group , for a sum of 2.8 billion euros in order to focus more on Asia and the Nordic market. In 2019, Telenor bought DNA , the third largest mobile operator in Finland . On 21 June 2021, Axiata , Telenor and Digi agree to a potential merger of Celcom and Digi to create a stronger telco in Malaysia, which if approved will be completed by the end of 2022. This come after advanced discussions two months earlier. The deal
720-546: The Royal Norwegian Navy in 1848, but by 1852, the plans were public and the Parliament of Norway decided on a plan for constructing a telegraph system throughout the country. Televerket began by connecting Christiania (now Oslo) to Sweden (Norway was at that time in a union with Sweden ) as well as Christiania and Drammen . By 1857, the telegraph had reached Bergen on the west coast via Sørlandet on
768-536: The Scandinavian Broadband and TV market, both with regard to the number of subscribers and to the extent of coverage. The TV distribution is branded Allente . Telenor is also a prominent actor in Asia with operations in five different Asian countries. At year-end 2021, Telenor held controlling interests in mobile operations in Norway , Denmark , Finland , Sweden , Thailand , Malaysia , Bangladesh , Myanmar and Pakistan . The Myanmar operation
816-652: The Telenor Group, as well as to the individual Business Units across Telenor markets. Telenor Research's mission is to create business value for Telenor through applied research. Telenor started exploring the M2M potentials in 2000, when Telenor R&D established a project both aimed at technology, services and business models. This was further spurred when Telenor acquired the Swedish mobile company Europolitan, which contained parts of Vodafone 's research capabilities in
864-670: The United Kingdom Tietgen gained experience in private banking, which at that time in Denmark was an industry still in its infancy. Upon returning to Denmark Tietgen founded a wholesale business, C.F. Tietgen & Co., at Copenhagen’s Amagertorv in 1855, and later relocated it to Gammeltorv Market . In spite of the office impressive locations, the business was a modest sole proprietorship, dealing primarily as an agent between business connections in Manchester and Copenhagen . In 1857 after his involvement as curator in
912-605: The area. As a result, two separate companies have been established: Telenor Connexion in Stockholm, Sweden (aiming higher up in the M2M value chain), and Telenor Objects (aiming further down in the value chain). The initiative has resulted in a substantial market share of Europe's fast-growing M2M market and is being used by Nissan in Europe to connect its customers' electric cars . Telenor's wholly owned subsidiary Canal Digital
960-461: The arrival of the telephone KTAS was founded in 1880. In 1872 Tietgen formed De Danske Sukkerfabrikker as a merger of several sugar refineries. In 1873 followed the cofounding of the Tuborg brewery and the consolidation of several smaller coffee substitute companies forming De Danske Cikoriefabrikker . In 1881 several smaller distillers were merged to form De Danske Spritfabrikker and in 1891
1008-1132: The company 15.6 billion kr in new capital , with the Government of Norway owning 77.7 percent of the company. As of 2014, the Norwegian government holds 53.97 percent of the Telenor shares directly and another 4.66 percent through the Government Pension Fund Norway . In the second half of the 1990s, Telenor began mobile operations in other countries: Russia (1994), Bangladesh , Greece , Ireland , Germany and Austria (1997), Ukraine (1998), Malaysia (1999), Denmark and Thailand (2000), Hungary (2002), Montenegro (2004), Pakistan (2004), Slovakia , Czech Republic , Serbia (2006), Myanmar (2014). Operations in Greece, Ireland and Germany were sold in 1999/2000, and profits were re-invested in emerging markets. In October 2005, Telenor acquired Vodafone Sweden, changing
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#17327804364181056-486: The company launched the world's first hearing aid with 2.4 GHz technology – the new wireless technology was groundbreaking compared to the previous inductive technology. In 2014, GN Hearing changed the industry once more with the introduction of the world's first Made for iPhone hearing aid, which, based on the 2.4 GHz technology enables the streaming of sound directly from an iPhone without any body-worn devices. In October 2016, GN Audio acquired VXi Corporation,
1104-407: The company managed to survive. Since then, GN has gradually fought its way back. In 2009, GN Audio (then GN Netcom) made a decision to globally market all its products under the same brand, Jabra (a company that GN had acquired in 2000). The purpose of consolidating all products under the same brand was to strengthen the company's position as the world's leading supplier of headsets . Today, GN Audio
1152-404: The company succeeded in prolonging its concession agreement in 1921, signed by Lenin. The 1920s and the early 1930s represented great decades for The Great Northern Telegraph Company as it had managed to acquire a reputation as being one of the leading international telecommunication companies in the world. The late 1930s, however, presented great challenges as competition from wireless telegraphy
1200-639: The completion of the Marble Church at his own expense. Tietgen was born on 19 March 1829 in Odense , the son of a social club manager catering to the local bourgeoisie . He helped his family out at the club throughout his childhood. After finishing his commercial apprenticeship, he worked in the United Kingdom for five years, and settled in Manchester , England . During that time he also traveled to northern Germany , Norway and Sweden . In
1248-629: The first telegraph station opened in Nagasaki in 1897. In addition to the telegraph line, telegraph stations and offices opened at several locations. In 1897, negotiations began about a potential connection going from Scotland to the United States through the Faroe Islands, Iceland, and Greenland. In 1906, the cable was established, although without the final connection to the United States, which had to wait for almost 60 years to become
1296-537: The future was also reflected in the share price, which had increased fivefold in only one year, from September 1, 1999, to September 1, 2000. Same year the American Jabra Corporation was acquired. The focus and investment in NetTest, however, resulted in a serious downturn since GN had misjudged the market development of NetTest's products. In 2001, net profit ended at DKK -9,2 billion, followed by
1344-600: The island of Funen . Tietgen suffered partial paralysis following a minor brain hemorrhage in 1894. He was weakened for the last years of his life, causing him to retire from most of his positions. Tietgen died in the evening of 19 October 1901 and a memorial ceremony took place at the Marble Church on 23 October. He was buried in Lyngby on 29 October 1901. Telenor Telenor ASA ( Norwegian pronunciation: [ˈtêːlənuːr] or [tɛləˈnuːr] )
1392-715: The manufacturer of both the VXi and BlueParrott headset brands. Today, the GN Group consists of GN Store Nord A/S, GN Hearing A/S, and GN Audio A/S. GN develops and manufactures intelligent hearing, audio, video, and gaming solutions. GN's offerings are marketed by the brands ReSound, Jabra, SteelSeries, Beltone , Interton, Danavox, and FalCom in more than 100 markets globally. 55°44′19″N 12°23′12″E / 55.73861°N 12.38667°E / 55.73861; 12.38667 (Incomplete) Carl Frederik Tietgen Carl Frederik Tietgen (19 March 1829 – 19 October 1901)
1440-430: The merger of several independent breweries formed De Forenede Bryggerier . In 1869 Tietgen cofounded Banque de Paris with a group of European bankers, which in 1872 merged to form Paribas . Tietgen was a major force and a European pioneer in industrial consolidation . Tietgen would merge several competing companies in a given industry, creating large publicly traded stock companies. Privatbanken would become
1488-961: The name to Telenor in April 2006. Grameenphone was the first Telenor venture in the Asian telecom market and is now the largest mobile operator in Bangladesh , Telenor holds 55.8 per cent of the company. Grameenphone started trading its shares on the stock exchanges in Dhaka and Chittagong on 16 November 2009. The success of Grammeenphone lead to an increased focus on Asia, with successful entries into Malaysia , Thailand Pakistan , and Myanmar . Telenor also entered India , but had to withdraw from that market in 2017, with substantial losses. In March 2018, Telenor sold its business in Southeast Europe ( Bulgaria , Hungary , Montenegro and Serbia ) to
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1536-578: The radiotelephone production company Storno (a contraction of Store Nordiske (Great Northern)) was founded. Other acquisitions were Telematic, which produced telephones, Elmi, which produced measuring equipment, and Danavox, which produced hearing aids. In 1985, The Great Northern Telegraph Company changed its name to GN Store Nord (GN = Great Nordic) with the aim of creating a new group identity and organizing its businesses. In this process, all subsidiaries were renamed to include GN: GN Danavox, GN NetTest, GN Automatic, etc. A major change happened in 1991 when GN
1584-463: The south coast, and by 1871, it had reached Kirkenes on the far north coast. Cable connections were opened to Denmark in 1867 and to Great Britain in 1869. The telegraph was most important for the merchant marine who now could use the electric telegraph to instantly communicate between different locations, and get a whole new advantage from better logistics . The first telephone service in Norway
1632-405: The transportation industry Tietgen developed several railroads, capitalized Burmeister & Wain as well as Svitzer in 1872. He created Det Forenede Dampskibs-Selskab as a merger of several smaller operators and in 1880 founded Thingvalla Line . Tietgen created several companies in the telegraph and telecommunications sector. He founded Det Store Nordiske Telegraf-Selskab in 1868, and with
1680-402: Was a Danish financier and industrialist. He played an important role in the industrialisation of Denmark as the founder of numerous prominent Danish companies, many of which are still in operation today. Tietgen notably formed conglomerates , thus several of Tietgen's companies attained monopoly -like status, cementing their durability. Tietgen was a dedicated Grundtvigian , and financed
1728-599: Was a concession agreement, which C.F. Tietgen made with the Russian Tzar in 1869. The agreement gave The Great Northern Telegraph Company exclusive rights – and obligations – to establish and run a telegraph line in Russia. This represented a great pioneer task for the company in establishing connections from Europe to the Far East. The Russian authorities ran the actual construction work in Russia. They had already set up
1776-708: Was announced sold in 2021, and the transaction completed in March 2022. Telenor Kystradio is responsible for the infrastructure for maritime radio communication in Norway, and also includes five staffed coast radio stations whose primary purpose is to monitor the maritime radio traffic (over e.g. VHF and MF bands) and to assist marine vessels in distress. Telenor Research is Telenor's corporate unit for research. The unit conducts research and delivers research based advice on topics such as market, technology, data analytics, innovation and organization. Telenor Research provides research based analysis and strategic recommendations to
1824-547: Was annulled after being blocked by the German Cartel Office. After this, GN announced that it intended to keep the two companies but filed an appeal against the court ruling. The case is still pending. The blocked deal, however, left GN challenged to the extreme with two underperforming businesses, a thin product pipeline, a heavy debt position, and facing a highly adverse macroeconomic environment. Nonetheless, with comprehensive restructuring and management efforts,
1872-431: Was approved by both Celcom and Digi shareholders on 18 November 2022. The merged company is named CelcomDigi. At completion, Axiata and Telenor will hold equal ownership of 33.1 percent each in the newly merged company. The merger was completed on 30 November 2022 and the company began its operation the next day. On 22 November 2021, Telenor and Charoen Pokphand Group , officially announced they have agreed to explore
1920-454: Was assigned the attractive GMS concession from the national Danish telecommunication authorities. In March 1992, GN's new subsidiary Sonofon opened the first private mobile telephone network in Denmark. Although GN was not the only investor in Sonofon, it owned the majority of the shares. With the blossoming of the data communications and telephony industry, and under CEO Jørgen Lindegaard , GN
1968-537: Was back on track and enjoyed big success in the late 1990s. In 2000, the company sold Sonofon to Norwegian telecom operator Telenor for a price of DKK 14,7 billion. A large amount was invested in the GN subsidiary NetTest, which had evolved from the former Elmi and considered GN's prospective core business. It was decided to let NetTest acquire the French company Photonetics for a price of DKK 9,1 billion. The optimistic view of
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2016-546: Was becoming increasingly severe. In addition, World War II caused great damage to the telegraph lines around the world, which meant that in 1945 the company had only two lines left; the England-Faroes-Iceland line and the Sweden-Finland line. Although broken lines were repaired and re-established after the war, the company had to acknowledge that an era was over. Thus, the new strategy was to focus on
2064-528: Was created in 1994 by Jon Stephenson von Tetzchner and Geir Ivarsøy during their tenure at Telenor, and Opera Software was established in 1995, when they went on to continue development of their browser. Telenor and Huawei conducted a successful test of 5G with 70 Gbit/s Speeds in Lab environment. The corporation changed its name to Televerket in 1969. In 1994, then the Norwegian Telecom
2112-454: Was established as a public corporation . The telecom sector in Norway, was deregulated in stages between 1994 and 1998. An attempt to merge Telenor with its counterpart in Sweden , Telia , failed in 1999, while both still were owned by their respective governments. On 4 December 2000, the company was partially privatised and listed on Oslo Stock Exchange and NASDAQ . The privatisation gave
2160-482: Was listed on the Stock Exchange of Thailand under the stock ticker symbol TRUE on 3 March 2023. Telenor offers a full range of telecommunication services in the Nordic countries, including mobile and fixed telephony, Internet access and as well as cable TV access and content. Telenor still remains the largest actor in Norway despite competition from Telia and others. The group holds a prominent position in
2208-431: Was offered in 1878, between Arendal and Tvedestrand , while the first international telephone service between Christiania and Stockholm was offered in 1893. Automation of the telephone system was started in 1920, and completed in 1985. In 1946, the first Telex service was offered, and in 1976, satellite telephone connections to the Norwegian merchant navy, at the time the largest in the world and to oil platforms in
2256-537: Was provided by International Launch Services using a Proton-M launch vehicle built by Khrunichev Space Center . Telenor operates three satellites from its satellite control centre at Fornebu (THOR5, THOR6 and THOR7). Telenor has sold a number of divisions after its privatisation, including Bravida, the former installation division and Findexa , now part of Eniro that is responsible for telephone directories . The browser vendor Opera Software originated in Telenor's R&D department. Telenor formerly provided
2304-475: Was put in charge of the company's operations in the Far East. On his return to Denmark, in 1877, he was appointed CEO of the parent company in Copenhagen. In the following years, the telegraph line expanded massively – both in Europe and in Asia. First, Oslo , London and Paris were covered. Later, operations took place along the coast of China ranging from Hong Kong to Shanghai and further into Japan, where
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