Press release —
Telenor Connexion strengthens leadership team with appointment of Thomas Bergström as CFO
Stockholm, Sweden, November 9, 2026 – Telenor Connexion, the company behind the Telenor IoT brand, has appointed Thomas Bergström as Chief Financial Officer (CFO). Bergström joins on November 1, bringing extensive experience in finance, M&A and business transformation as the company continues its next phase of global growth.
Bergström most recently served as CFO of Sortera and has previously held CFO and senior finance roles at Net Insight, Aastra Telecom and Ericsson. His experience spans international, listed and private equity-owned companies, including M&A transactions, financing initiatives, and preparations for public listings.
“We are very pleased to welcome Thomas to Telenor Connexion. His experience from M&A, transformation and private equity environments is a strong fit with our ambitions as we continue to scale the business and strengthen our position as a leading global IoT service provider,” says Mats Lundquist, CEO of Telenor Connexion.
The appointment follows Telenor Connexion’s recent announcement of a strengthened board and leadership team following the strategic partnership between Telenor Group and Verdane. Telenor Connexion has been jointly owned by Telenor and Verdane since September 2026, with each holding a 50% stake.
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About Telenor IoT
Telenor IoT is a global leader in managed IoT connectivity, helping companies securely connect, manage and scale connected products and services around the world. The company supports organizations of all sizes - from global enterprises and automotive leaders managing millions of connected devices to companies looking for a simple, scalable and secure connectivity solution.
With more than 20 years of IoT experience, a global sales presence across the Nordics, EMEA, the Americas and APAC, and over 30 million connected devices in operation across more than 200 countries and territories, Telenor IoT is a trusted partner to leading enterprises such as Volvo Cars, Scania, Hitachi, Verisure and Great Wall Motors. The company is recognized for its deep IoT expertise and consistently high customer satisfaction.
