Type Joint venture Key people Morten Tengs (CEO) Website www.telenorcinclus.com Founded 2004 Parent organizations Telenor, Skagerak Energi | Industry Telecommunications Operating income Headquarters Fornebu, Bærum, Norway Number of employees 100 (2000) | |
Products Automatic meter reading | ||
Nta 8130 smart meters from telenor cinclus
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. Telenor Cinclus is based at Fornebu outside Oslo, Norway. Additional offices are located in Lillehammer, Stockholm, Sweden and Vaasa, Finland.
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 1.1 billion kr, but Telenor failed to correctly estimate the cost of installing the readers in each home. In 2007, the company lost NOK 300 million.
References
Telenor Cinclus Wikipedia(Text) CC BY-SA