FORNEBU, Norway -- Telenor today announced that it has selected Accenture (NYSE: ACN) to accelerate the implementation of a global shared services vision across companies within the Telenor Group. Under the contract with Telenor, Accenture will look to provide relevant shared services in areas including Finance & Accounting, HR, IT and transactional procurement/purchases.

The aim of the agreement is to support Telenor Global Shared Services in achieving world-class support services by working with a highly experienced management group. This 5-year contract with Accenture is worth 215 million USD and is designed to increase Telenor's efficiency and quality significantly across the relevant shared services.

Telenor actively seeks opportunities to drive quality and efficiency improvements across the business units in the group. Global Shared Services is a vehicle in this, and in order to build and scale-up world class support services across geographies and business units, Telenor determined it needed a collaborative partner.

Telenor ASA