Føroya Tele

What Føroya Tele does

Føroya Tele is the incumbent telecommunications operator of the Faroe Islands, wholly owned by the Faroese Government (Føroya Landsstýri) and operating continuously since the early 1900s. The company provides mobile voice and data services (with all consumer plans 5G-enabled), fixed-line and fiber broadband (Breiðband, Fipurnet), and the Sjónet maritime mobile network extending 70 nautical miles offshore. Its infrastructure subsidiary FT Samskifti is building the Farnet shared mobile network with Ericsson and partner Nema, establishing a model under which all providers will share coverage and compete on services.

The product portfolio spans consumer offerings (mobile subscriptions, home broadband, prepaid tourist SIMs through the Hello Føroyar brand, eSIM, VoLTE, WiFi-tala calling, Mofibo e-books/audiobooks, sona+ loyalty program, hardware sales via the Nethandil online store) and enterprise offerings (Konnekta cloud PBX, KIMA emergency management, Sjónet maritime, IoT connectivity, Vinnubreiðband, business terminals, and Apple/Samsung authorized service centers). Adjacent ventures include the Klintra national digital identity initiative and a partnership with the Shetland Space Centre for satellite communications.

Revenue is generated primarily through recurring monthly subscriptions across consumer and business segments, supplemented by hardware sales through retail stores (Telebúðir) and the online store, plus value-added content and roaming services (VerSumHeima). Distribution is omnichannel: five physical retail locations, an e-commerce platform, customer service phone lines, and self-service portals (Mítt Ver for consumers; Vinnurámið for businesses). The company reported 38+ million DKK after-tax profit in 2025 and distributed a 50 million DKK dividend to its government owner, while committing a 100 million DKK capital plan to reinforce subsidiary P/F Net.

Name

Føroya Tele

Legal name

Føroya Tele

Website

https://ft.fo

Company type

Private

Founded year

1900

Operating status

Operating

Headcount range

101–250 employees

Short description

Føroya Tele is the government-owned incumbent telecommunications operator of the Faroe Islands, providing nationwide 5G mobile, fiber broadband, fixed-line, maritime (Sjónet), and IoT services to consumers, businesses, and government customers across the archipelago.

Ownership category

akta.pro rank

Product category

Telecommunications Services

NAICS

Wireless Telecommunications Carriers (except Satellite) (517112), Wired and Wireless Telecommunications Carriers (except Satellite) (51711)

SIC

Radiotelephone Communications (4812), Telephone Communications (No Radiotelephone) (4813)

akta.pro primary industry

Fixed Wireless Access (FWA) Mobile Operators (HDAIAAAG)

akta.pro secondary industries

Mobile Wholesale & Roaming Providers (Interconnect, IOT, Roaming Hubs) (HDAIAAAD), Industrial/OT Private Connectivity (Factory, Mining, Ports) (HDAIAGAD)

Keywords

• Mobile telecommunications
• Broadband internet
• Business telecom services
• 5G mobile network
• Maritime connectivity

Headquarters

HQ city

Tórshavn

HQ country

Faroe Islands

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Personnel, Technology or R&D, Operations, Marketing or Sales, Supply Chain

Revenue model

1. Mobile Phone Subscriptions: Recurring subscription revenue from mobile phone plans (Fartelefonhald) including voice, SMS, and data services. Plans include 5G-enabled subscriptions, family sharing options (ReikaSumHeima), and prepaid options (Hello Føroyar).
2. Broadband Services: Home broadband (Breiðband) and 5G mobile broadband plans for fixed and mobile internet access.
3. Business Telecommunications: Enterprise services including Konnekta (phone system), business broadband, satellite network (Sjónet), and IoT solutions for business customers.
4. Device and Hardware Sales: Sales of mobile phones (iPhone, Samsung), tablets, laptops, wearables (Apple Watch, Galaxy Watch), and networking equipment through the online store.
5. Roaming and International Services: VerSumHeima and VerSumHeima+ add-on services for international roaming, voice calls, SMS, and data usage abroad in Europe and other regions.
6. Content Services: Mofibo e-book and audiobook subscription service, and sona+ loyalty program.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

Føroya Tele is the primary telecommunications provider in the Faroe Islands, offering mobile phone subscriptions (Fartelefonhald) with 5G connectivity, home broadband (Breiðband), 5G mobile broadband (5G-farbreiðband), and fixed-line telephony (Heimatelefon). For business customers, the company provides cloud-based phone systems (Konnekta), emergency management solutions (KIMA), IoT connectivity, and maritime mobile coverage (Sjónet) extending up to 70 nautical miles offshore. The company also retails mobile devices, tablets, and accessories through its physical stores (Telebúðir) and online store (Nethandil.ft.fo), and operates authorized Apple and Samsung service centers.

Product overview

Føroya Tele is a telecommunications company offering a comprehensive portfolio of products and services for both private (Privat) and business (Vinna) customers in the Faroe Islands. The core offerings include mobile subscriptions (Fartelefonhald) with 5G connectivity, home broadband (Breiðband), and mobile broadband (5G-farbreiðband). The product portfolio extends to business solutions including Konnekta (cloud phone system), KIMA (emergency management), IoT services, and maritime coverage (Sjónet up to 70 nautical miles). Additional services include roaming (ReikaSumHeima), eSIM, VoLTE, WiFi calling, and value-added services like Mofibo (e-books/audiobooks). The company operates retail stores (Telebúðir), maintains authorized service centers for Apple and Samsung, and provides device sales through its online store (Nethandil). The subsidiary FT Samskifti manages network infrastructure in partnership with Nema and Ericsson for the new mobile network.

Differentiator

Problem solved

Functional benefit

Brands

• sona+: A loyalty/bonus program offering extras in daily life
• Ver
• VerSumHeima
• Konnekta
• KIMA
• Sjónet

Products and services

• Fartelefonhald (Mobile Phone Subscriptions) Recurring mobile subscription service providing voice, SMS, and data plans with 5G connectivity for private and business customers in the Faroe Islands.
• Breiðband (Home Broadband) Home broadband internet service providing fixed-line connectivity for residential customers in the Faroe Islands.
• 5G-farbreiðband (5G Mobile Broadband) 5G mobile broadband service providing high-speed internet for families, functioning as an alternative to fixed-line broadband.
• Konnekta (Business Phone System)

Quantifiable outcome

• Over 110 years of continuous operation serving the Faroe Islands
• +1 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Four partnerships are on record, tiered core.

• Shetland Space CentrecoreStrategic or Co-development Partner · 23 November 2018International partnership with Shetland Space Centre (SSC) for satellite communication infrastructure. The main goal is to establish satellite launch capabilities and related telecommunications services.
• KlintracoreStrategic or Co-development Partner · 12 December 2017Partnership with Klintra to develop digital identity (talgilda samleikan) services for the Faroe Islands population.
• NemacoreTechnology or IntegrationFT Samskifti (subsidiary of Føroya Tele) partnered with Nema for infrastructure sharing in the new mobile network (Farnet), which FT Samskifti is building with Ericsson. The partnership ensures equal coverage from all network providers while maintaining competition for products and services.
• EricssoncoreTechnology or IntegrationEricsson is building the new mobile network (Farnet) for FT Samskifti. This is a core infrastructure partnership for the future of telecommunications in the Faroe Islands.

Scale indicators6 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Nema (Faroese Telecom): Direct domestic competitor in the Faroe Islands, providing mobile and fixed-line telecommunications to the same ~54k population. Nema is Føroya Tele's network-sharing partner for the new Farnet mobile network built with Ericsson, making it the closest comparable operator in the same market.
• Formula (Føroya Tele): Faroese mobile retail and telecom services competitor. Føroya Tele retains a 34% stake after selling 43.9% in 2018, reflecting Formula's role as a primary domestic challenger to FT's mobile and device retail business in the same geographic market.
• Síminn: Icelandic incumbent telecommunications operator offering mobile, fixed-line, broadband, and TV services to a similarly small Nordic island population (~380k). Closest demographic, geographic, and product-line analog to Føroya Tele.
• TELE Greenland: State-owned Greenlandic telecommunications incumbent providing mobile, broadband, and fixed-line services across a remote, geographically dispersed Arctic population. Directly comparable to Føroya Tele in scale, ownership structure, and rural/extreme connectivity challenges.

Broad incumbents

• Telia Company: Largest Nordic telecom incumbent operating across Sweden, Finland, Norway, Denmark, Estonia, and Lithuania. Comparable in core mobile, broadband, and enterprise services; relevant because Føroya Tele's Vice Chairman previously worked at Telia and the companies share Nordic roaming/market links.
• Telenor: Major Nordic and global mobile operator with mobile, broadband, and IoT services across Scandinavia and Asia. Provides scale and product benchmarking for a small Nordic incumbent like Føroya Tele, particularly in 5G, IoT, and enterprise mobility.
• Vodafone: Global telecom incumbent operating mobile, fixed, IoT, and enterprise services across Europe and emerging markets. Comparable in mobile carrier product portfolio, enterprise/IoT offerings, and roaming partnership value to Føroya Tele.
• Elisa: Finnish telecommunications incumbent offering mobile, fixed broadband, and digital services to consumers and enterprises. Comparable as a smaller-market Nordic full-service operator with strong 5G and digital service focus, similar to Føroya Tele's product mix.
• TDC NET / TDC Group: Danish national telecom operator providing mobile, broadband, and TV services across Denmark. Directly relevant given Føroya Tele's ties to Danish authorities (police contract), Danish regulatory environment, and shared Nordic roaming ecosystem.

Emerging players

• Marlink: Global provider of maritime and remote connectivity services using satellite and terrestrial networks. Comparable to Føroya Tele's Sjónet maritime network (70 nautical miles offshore) and Shetland Space Centre satellite partnership as a specialist in maritime/remote communications.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/foroyatele
• LinkedInlinkedin.com/company/faroese-telecom
• Instagraminstagram.com/foroyatele

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Føroya Tele