Telenor Connexion

What Telenor Connexion does

Telenor Connexion (doing business as Telenor IoT) is the dedicated managed IoT connectivity business unit of Norwegian telecommunications group Telenor, headquartered in Kista, Sweden. The company designs and operates global cellular IoT connectivity services for enterprise customers, providing managed SIMs and connectivity across more than 500 networks in over 200 countries using technologies including 5G, 5G RedCap, LTE-M, NB-IoT, Satellite IoT, and SGP.32 eSIM standards. Its portfolio is structured around three core offers: IoT Connect (managed connectivity with a single-SIM, single-contract platform model), IoT Drive (automotive-grade connectivity for software-defined vehicles with built-in compliance), and IoT Complete (end-to-end infrastructure spanning devices, SIMs, connectivity, and data management), supplemented by AI-driven analytics, IoT security, a developer portal, and a customer portal for self-service account management.

The company serves enterprise customers in automotive (Volvo, Scania, GWM), transport and logistics, industrial manufacturing (Toyota Material Handling, Hitachi, Xylem, Topcon), consumer products (Husqvarna), and utilities (Lindab), supporting use cases such as fleet telematics, connected vehicles, predictive maintenance, smart metering, and smart cities. As of early 2026, the business managed approximately 31 million active SIM cards, has been recognized as a Leader in Gartner's Magic Quadrant for Managed IoT Connectivity Services, and received Frost & Sullivan's 2025 Global Technology Innovation Leadership Recognition.

Revenue is generated primarily through recurring managed connectivity subscriptions and bundled platform/analytics services under quote-based enterprise contracts. The go-to-market motion is enterprise field sales with dedicated account managers and 24/7 support, complemented by a free IoT Test SIM trial program and customer self-service portals. In May 2026, Telenor Group restructured Telenor Connexion's ownership into a 50/50 joint arrangement with growth investor Verdane at a SEK 7.5 billion (~$805M) enterprise valuation, with both partners committing an additional SEK 2 billion each to fund global expansion under former Nokia CEO Pekka Lundmark as independent chair.

Name

Telenor Connexion

Legal name

Telenor Connexion

Website

https://telenorconnexion.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

51–100 employees

Short description

Telenor Connexion (Telenor IoT) provides managed cellular IoT connectivity across 500+ networks in 200+ countries for enterprise customers in automotive, transport and logistics, industrial manufacturing, utilities, and consumer products, serving 31 million active SIMs through subscription-based contracts.

Ownership category

akta.pro rank

Product category

Managed IoT Connectivity Services

NAICS

Telecommunications Resellers (517121)

SIC

Communications Services, Nec (4899)

akta.pro primary industry

IoT Connectivity Management (Private APN, SIM/eSIM, Device Connectivity) (HDAIAGAG)

akta.pro secondary industry

Cybersecurity, Identity & OTA Update Management for Connected Vehicles (TLAEAFAO)

Keywords

• Managed IoT connectivity
• Cellular IoT services
• Global IoT SIM
• Automotive connectivity
• Enterprise IoT platform

Headquarters

HQ city

Solna

HQ country

Sweden

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Managed IoT Connectivity Services: Recurring managed connectivity services providing cellular IoT connectivity across global networks, including SIM cards, network access, and connectivity management platform. Revenue is generated through ongoing service contracts with enterprise customers operating connected products at scale.
2. IoT Platform and Analytics: Platform services including AI-driven analytics and connectivity management capabilities, typically bundled with connectivity services or available as add-on features
3. IoT Complete (End-to-End Solutions): Integrated IoT infrastructure combining devices, SIMs, connectivity, and data management in a single service offering

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

Telenor Connexion designs and operates managed IoT connectivity services for global enterprises, providing cellular IoT connectivity across 500+ networks in 200+ countries through a single-SIM, single-contract platform. Its portfolio centers on three core offerings: IoT Connect (managed connectivity services), IoT Drive (automotive-grade connectivity for software-defined vehicles), and IoT Complete (end-to-end IoT infrastructure combining devices, SIMs, and data management). The company serves 31 million active SIM cards for enterprise customers across automotive, logistics, industrial manufacturing, and utilities.

Product overview

Telenor IoT (Telenor Connexion) offers a comprehensive managed IoT connectivity portfolio built around three core platforms: IoT Connect (managed connectivity for enterprises), IoT Drive (automotive-grade connectivity for software-defined vehicles), and IoT Complete (end-to-end integrated connectivity combining devices, SIMs, and data management). The portfolio is supported by AI-driven analytics, IoT security services, and a Developer Portal. The company provides global coverage across 500+ networks in over 200 countries, serving industries including automotive, transport & logistics, industrial manufacturing, utilities, smart cities, and healthcare. As of 2026, the company manages 31 million active SIM cards and has partnered with Verdane in a 50/50 joint ownership structure valued at SEK 7.5 billion.

Differentiator

Problem solved

Functional benefit

Brands

• IoT Connect: Managed IoT connectivity for enterprises operating across markets and large-scale deployments, with operational oversight and lifecycle support built in.
• IoT Drive
• IoT Complete
• Consumer Connect

Products and services

• IoT Connect Managed IoT connectivity service providing cellular connectivity across 500+ networks in 200+ countries, with operational oversight and lifecycle support built in for enterprise customers running large-scale connected deployments.
• IoT Drive Automotive-grade connectivity service for software-defined vehicles, providing global vehicle connectivity with built-in compliance and support for car manufacturers delivering connected services at scale.
• IoT Complete End-to-end IoT infrastructure combining devices, SIMs, connectivity, and data management in a single integrated service, supporting connected products from launch to scale without building a custom IoT stack.
• Consumer Connect Consumer connectivity service providing cellular IoT connectivity for connected consumer products and services.
• SGP.32 eSIM First standardized GSMA SGP.32 eSIM offering for IoT, enabling flexible and future-ready IoT connectivity management aligned with industry standards.

Quantifiable outcome

• 96% of customers say Telenor IoT expertise sets them apart
• +2 more outcomes

Named customers9 records

Segments7 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature6 records

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Eseye: Eseye is a UK-based managed IoT connectivity provider with global cellular coverage and a strong focus on multi-network SIMs and IoT security. It competes directly with Telenor Connexion for global enterprise IoT contracts, particularly in retail, healthcare, and industrial segments.
• 1NCE: 1NCE is a German-headquartered IoT connectivity specialist that offers global cellular IoT connectivity on a flat-rate per-SIM basis with bundled data allowances. It directly competes with Telenor Connexion in managed IoT connectivity across 5G, LTE-M, and NB-IoT, targeting the same multinational enterprise customers.
• KORE Wireless: KORE Wireless is a managed IoT connectivity and solutions provider with its own IoT platform, eSIM provisioning, and global multi-network connectivity. It competes head-to-head with Telenor Connexion in providing connectivity-as-a-service and managed IoT solutions to enterprise customers across multiple verticals.
• Aeris Communications: Aeris is a US-based IoT and M2M connectivity platform operator with multi-network global coverage and a focus on automotive, fleet, and industrial IoT. It is a direct competitor to Telenor Connexion in managed cellular IoT for the same automotive and industrial OEM customer base.
• Velos IoT: Velos IoT (formerly JT IoT) is a Jersey-headquartered IoT MVNO providing global managed cellular connectivity, eSIM, and IoT platforms to enterprise customers. It directly rivals Telenor Connexion in the multi-market, single-SIM, single-contract IoT connectivity category.

Emerging players

• Hologram: Hologram is a US-based cellular IoT connectivity provider offering global SIM and eSIM services aimed at connected device developers and enterprise-scale IoT deployments. It is an emerging competitor to Telenor Connexion with overlapping developer-portal, multi-network, and eSIM capabilities, though smaller in scale.
• Twilio (Super SIM / IoT): Twilio's Super SIM is a cellular IoT connectivity offering built on Twilio's developer CPaaS platform, providing multi-network global IoT connectivity with a programmable API. It is an emerging player competing with Telenor Connexion for developer-led enterprise IoT customers, particularly those already in the Twilio ecosystem.

Regional players

• Soracom: Soracom is a Japan-headquartered IoT connectivity MVNO built on top of the SoftBank network, now with global multi-network coverage. It competes with Telenor Connexion in managed cellular IoT for OEMs and developers, with strongest overlap in APAC while scaling its global footprint.

Broad incumbents

• Vodafone IoT (Business): Vodafone IoT is the global managed IoT connectivity arm of Vodafone, the largest European mobile operator, offering multi-network managed connectivity with broad enterprise reach. It overlaps directly with Telenor Connexion's automotive, asset tracking, and industrial IoT offerings, while leveraging Vodafone's owned network advantage.
• Deutsche Telekom IoT: Deutsche Telekom IoT provides managed global cellular IoT connectivity under the T-Mobile brand, leveraging its owned European and US networks alongside roaming partners. It is a broad incumbent that competes head-on with Telenor Connexion's enterprise managed connectivity proposition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/t_connexion
• YouTubeyoutube.com/channel/UCSl6olxOgN265wHhpHL0EGQ
• LinkedInlinkedin.com/company/telenor-connexion-ab
• Facebookfacebook.com/telenorconnexion

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 Telenor Connexion