Telenor Cinclus

Telenor Cinclus AS

Type	Joint venture
Industry	Telecommunications
Founded	2004
Headquarters	Fornebu, Norway
Key people	Morten Tengs (CEO)
Products	Automatic meter reading
Operating income	NOK −300 million (2007)[1]
Employees	100 (2000)[2]
Parent	Telenor Skagerak Energi
Website	www.telenorcinclus.com

Telenor Cinclus is a Norwegian supplier of automatic meter reading. Products are marketed as Cinclus Technology. The company is owned by Telenor (66%) and Skagerak Energi (34%), the latter being a subsidiary of Statkraft.^[3] Telenor Cinclus is based at Fornebu outside Oslo, Norway. Additional offices are located in Lillehammer, Stockholm, Sweden and Vaasa, Finland.^[4]

In 2006, Telenor Cinclus signed an agreement with the energy companies E.ON and Fortum in Sweden to install 800,000 readers. The investment cost NOK 1.1 billion, but Telenor failed to correctly estimate the cost of installing the readers in each home. In 2007, the company lost NOK 300 million.^[1]

References

1. ^ ^{a b} "Strøm-sjokk for Telenor". Dagens IT. 6 May 2009. http://www.dagensit.no/article1663494.ece. Retrieved 6 May 2009. 
2. ^ Telenor Cinclus. "Work for Telenor Cinclus". http://www.telenorcinclus.com/?aid=9080001. Retrieved 6 May 2009. 
3. ^ Telenor Cinclus. "About Telenor Cinclus". http://www.telenorcinclus.com/?aid=9076554. Retrieved 6 May 2009. 
4. ^ Telenor Cinclus. "Contact us". http://www.telenorcinclus.com/?aid=9076542. Retrieved 6 May 2009.