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Telenor ASA is a Norwegian multinational telecommunications company headquartered in Fornebu in Berum, near Oslo. It is one of the largest mobile communication companies in the world, operating worldwide and operating in Scandinavia, Eastern Europe and Asia. The company has a wide network of broadband access and TV broadcasting in four Scandinavian countries, as well as a 10-year research and business line using Machine-to-Machine technology. Telenor owns networks in 13 countries and operates in 29 countries (including 14.6% of their ownership of VEON). Telenor is listed on the Oslo Stock Exchange and has a market capitalization of CZK 225 billion in November 2015, making it the third largest company listed by OSE after DNB and Equinor.