Telenor Connexion appointed former Nokia president and CEO Pekka Lundmark (pictured) as its chair, part of a broader board reshuffle at the IoT player linked with an earlier move to bring equity company Verdane into the ownership mix.

Ingrid Wistrand, an executive with experience in the IoT units of Tele2 and Deutsche Telekom, and Verdane representative Morten Weicher are also joining the Telenor Connexion board, as the company moves to broaden the experience among its top brass.

CEO Mats Lundquist said the board shuffle is the “first visible step” in a move to bring Verdane in as a co-owner of Telenor Connexion.

He said the line-up is intended to give the IoT unit a “strong starting point” as it seeks to solidify a frontrunning position in global service provision.

Dan Ouchterlony, Tom Hvammen and Liv Ingeborg Blekkerud remain to oversee corporate development.

Jesper Bruksner is being brought in to handle HR matters: Telenor Connexion highlighted experience in “scaling global technology companies”, having cut his teeth with businesses including digital payments player Klarna and online health provider Kry.

Lundmark led Nokia from August 2020 until April 2025, when Justin Hotard took over.

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Elon Musk-controlled SpaceX struck a deal to buy a nationwide low-band spectrum portfolio from Grain Management, ratcheting up its challenge to compete with US carriers for mobile customers.

The transaction for all of Grain Management’s nationwide portfolio of up to 14MHz of paired spectrum in the 800MHz band is subject to regulatory approval by the Federal Communications Commission (FCC). Financial terms are not available.

“This is the last critical piece of the spectrum puzzle needed for SpaceX to provide complete phone coverage in America,” Musk said on X above a post which questioned the company’s direct-to-device (D2D) strategy.

SpaceX stated Starlink Mobile’s global 2GHz mid-band spectrum will deliver high-capacity coverage in the US, while the newly acquired low-band frequencies will improve signal reach through obstacles including walls and extend service to devices indoors. The company added most existing mobile devices already support the underused band.

SpaceX plans to pair its satellites with ground-based femtocells to provide 5G mobile coverage, a plan many executives in the industry consider far-fetched.

The company stated the low-band spectrum would address a key remaining technical gap and help pave the way for Starlink Mobile to become a major US mobile carrier.

SpaceX stated once it garners approval it “will deploy a flexible architecture combining our satellite-to-mobile constellation in space with an advanced terrestrial deployment that can seamlessly connect devices everywhere”.

The move follows through on its plan to roll out a D2D service to compete against T-Mobile US, Verizon and AT&T.

On 6 October, SpaceX announced a regulatory win after it secured FCC approval to launch 15,000 next-gen satellites for D2D.

In August, T-Mobile US completed the sale of its nationwide 800MHz spectrum portfolio to Grain Management in exchange for $2.9 billion in cash and all of the latter’s 600MHz spectrum licences more than a year after agreeing a deal in principle.

Grain Management previously outlined a plant to work with energy and infrastructure specialist Black & Veatch to market the spectrum to utilities, critical infrastructure operators and rural and regional carriers.

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