Board of directors



Lars B. Thoresen is Senior Advisor at Verdane Capital. He was Managing Partner/Joint Managing Partner for Verdane Capital Advisors from 2008 to 2015. Lars joined Verdane Capital’s Oslo office in 1999. Verdane manages more than NOK 8 bn for Norwegian and international institutional investors, and has 25 employees in their offices in Oslo, Stockholm and Helsinki. At Verdane Lars has been instrumental in the acquisition of both several portfolios of direct investments as well as individual companies, such as Skandia Life portfolio, Nordic Venture Partners, Ferd and EasyPark. He has also helped build and grow a number of portfolio companies from a board role, such as Opera Software AS, Liaison Technologies Inc., CRF Health Oy, and Napatech. Lars is today Chairman of the Board at Napatech, and serves on the Board of Arundo Analytics Inc, The Future Group, Carn Capital and INSEAD Alumni Assoc. Norw.

Lars holds an MBA from INSEAD (France) and a BSc in Finance from St. John’s University, New York (USA).

Employee representative


Employee representative



Ellen Hanetho was elected to the board of directors of Telio Holding ASA in May 2013. She is the CEO of Frigaard Invest AS, an Oslo based investment company within Frigaard Gruppen. Previously, she was a partner in Credo Partners AS (2013-2012) and a senior associate in Goldman Sachs International (1997-2002).

Ellen holds an MBA from Solvay Business School (1996) and a BSBA in Business and Administration from Boston University (1995). Ellen Hanetho serves on the board of directors of Crudecorp ASA, Fearnley Securities AS and Fearnley Finans AS.


Espen Fjogstad is a private investor and founder of several technology companies, including co-founder of Telio and former CEO of the company.

Education: M. Sc from NTNU. MBA from Insead.

Shares: 750,000 (through Synesi AS)


Kari Mette Toverud is Director of Communications at Norkart AS. Ms. Toverud has worked in the telecom and datacom sectors for the past 20 years: Communication and Marketing Director at Broadnet and Ventelo from 2011 to 2014 and held the same position at Network Norway from 2006 to 2011). She was COO at Cloudberry Mobile from 2014 to 2015 and has held top management positions at Telenor Media, Telenor Mobil and Telenor Nordic Mobile (1995–2006). She has also served on a number of board, notably Telenor Eiendom, Telenor Norge and Telenor Key Partner, and currently sits on the boards of Systek AS and Norwegian Golf Federation. Ms. Toverud has a Master of Business and Marketing/Handeløkonom from BI Norwegian Business School/Handelsakademiet (1987 – 1991). 

270,600 customers in total

(Customer figures last updated as per Q1/18)

Norway consumer

Broadband 104,600

VoIP 36,300

Mobile 2,900

TV 17,600

Norway business

Internet 15,300

VoIP 7,800

Mobile 15,800

International markets

Netherlands 56,700

Denmark 9,200

Switzerland 4,100

NextGenTel Holding ASA | Harbitzalleen 2A, 0275 Oslo | Postboks 54 Skøyen, 0212 Oslo | Telephone: (+47) 21 96 49 09 | | Design and development: Byte
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