Telenor Selects Accenture to Implement Global Shared Services Vision

Telenor Selects Accenture to Implement Global Shared Services Vision

ID: 275337

(Thomson Reuters ONE) -


FORNEBU, Norway; July 3, 2013 - Telenor today announced that it has selected
Accenture (NYSE: ACN) to accelerate the implementation of a global shared
services vision across companies within the Telenor Group. Under the contract
with Telenor, Accenture will look to provide relevant shared services in areas
including Finance & Accounting, HR, IT and transactional procurement/purchases.

The aim of the agreement is to support Telenor Global Shared Services in
achieving world-class support services by working with a highly experienced
management group. This 5-year contract with Accenture is worth 215 million USD
and is designed to increase Telenor's efficiency and quality significantly
across the relevant shared services.

Telenor actively seeks opportunities to drive quality and efficiency
improvements across the business units in the group. Global Shared Services is a
vehicle in this, and in order to build and scale-up world class support services
across geographies and business units, Telenor determined it needed a
collaborative partner.

"This is about meeting our customers' needs. We secure quality and efficiency
through leveraging scale and volume across the Telenor Group. This partnership
will enable us to establish shared services as an industrial vehicle and to grow
and expand shared services into new global areas. To meet future business
models, we will need new and innovative ways of operating, gain competencies
from partnerships, and establish sustainable cost structures," said Hilde Tonne,
EVP and Head of Telenor Group Industrial Development.

Accenture will assist in implementation of industry standard practices,
processes, tools, and approaches that meet Telenor's requirements and lead to
continuous innovation and productivity improvements. It will also augment the
development and implementation of Telenor's service strategies and work towards




eliminating complexity from the services and architecture. This will all help
Telenor achieve its strategic goal of becoming the industry leader in customer
centricity by increasing value creation through improving processes.

"Our long-standing relationship with Telenor has proven beneficial to both
companies," said Bob Sell, Group Chief Executive, Accenture Communications,
Media & Technology operating group. "We are working every day to provide the
best support possible for Telenor and are confident that we can help Telenor
achieve its vision for world-class shared services with standardized operations
and efficiencies across its entire enterprise."

"We conducted a comprehensive selection process to evaluate potential partners,
and are excited about having selected Accenture for this non-exclusive
agreement. The competitive process has shown that they possess the broad
experience and capabilities that will enable Telenor Group to realize our
strategic objectives," said Ingrid R. Lorange, CEO of Telenor Global Shared
Services.

About Accenture
Accenture is a global management consulting, technology services and outsourcing
company, with approximately 266,000 people serving clients in more than 120
countries.  Combining unparalleled experience, comprehensive capabilities across
all industries and business functions, and extensive research on the world's
most successful companies, Accenture collaborates with clients to help them
become high-performance businesses and governments.  The company generated net
revenues of US$27.9 billion for the fiscal year ended Aug. 31, 2012.  Its home
page is www.accenture.com.

# # #

Contacts:

Telenor Group:  Dag Melgaard.
                            Tel: (+47) 90 19 20 00
                            E-mail: dag.melgaard(at)telenor.com

Accenture:         Georg Huus
                            Mobile: + 47 90 78 76 89
                            E-mail: georg.andreas.huus(at)accenture.com

                           Gary Morgenstern
                           Tel: +1 973-301-3347
                           E-mail: gary.a.morgenstern(at)accenture.com




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Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Telenor via Thomson Reuters ONE
[HUG#1713803]




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Datum: 03.07.2013 - 08:02 Uhr
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News-ID 275337
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