Norwegian telecom company Telenor has appointed Morten Karlsen Sørby as the head of Asia region, with effect from June 1 2015. Sørby will be responsible for overseeing and running Telenor’s Asia operations and join the group executive management team.
Prior to this, Sørby was the Uninor CEO, replacing Sigve Brekke, who served as Uninor’s acting CEO for the last quarter of 2013, after former CEO Yogesh Malik quit in November 2013 citing personal reasons. At the time, Brekke was to continue in his earlier role of Executive Vice President and Head of Telenor Group’s Asia Operations. Brekke has now been announced as the upcoming president and CEO of Telenor Group with effect from August 17, 2015.
Sørby joined Uninor Group in January 2003 where he worked as executive VP and head of the Norwegian market for two years. After that, he was the executive VP and head of Nordic operations for over four years. He was later appointed as the executive VP and head of corporate development at Telenor and worked in that capacity for more than two years.
He also served as the executive VP and head of strategy and regulatory affairs for about two years and then took over as CEO of Uninor, which is Telenor Group’s wholly owned telecom operator in India. The company’s communication mentions that Sørby joined Telenor in 1993 and was on the group executive management team for several years.
In October last year, Telenor Group increased its stake in Telewings Communications (Uninor’s parent company) to 100% by acquiring the remaining 26% stake held by its Indian partner Lakshdeep Investment & Finance. The terms of the deal were not disclosed, but Telenor had received an approval for an investment of Rs 780.86 crore from Foreign Investment Promotion Board (FIPB) in September last year. Here’s a timeline of Uninor.