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Telenor (Baa1/A-) Names New CEO; Not A Spread Mover

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  • Telenor have named SR-Bank CEO Benedicte Schilbred Fasmer as the new CEO from December.
  • Exit of current CEO Sigve Brekke is contractually required and was therefore known.
  • Fasmer comes from a banking/insurance background with no prior experience in the Telco space though her statement indicates no plans for any strategy or target shifts.

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