Cederquist advises Telenor in relation to the consolidation of its Nordic IoT operations under Telenor Connexion

Cederquist has advised Telenor on the consolidation of its Nordic IoT operations under Telenor Connexion, creating a unified global platform for managed IoT solutions.

The global managed IoT market outside China is projected to reach around USD 30 billion by 2030. Telenor is one of the world’s largest IoT providers, recently surpassing 25 million IoT devices in use. Their IoT business generated approximately NOK 1.7 billion in revenue in 2024.

Cederquist’s team primarily consisted of Malin Allard and Simon Lindmark.

For further information, please refer to Telenor’s press release: Telenor Consolidates IoT Operations to Launch Global IoT Powerhouse – Telenor Group