Siminn

Founded in 1906, Siminn is a telecommunication company based in Iceland. Originally established as Iceland Telecom, Siminn began as a company focused on providing basic communication services to urban and rural areas in Iceland. Since its founding, Siminn has grown significantly and has substantially diversified its product offerings. On October 15, 2015, Siminn began trading on the Main Market of Nasdaq Iceland.

Today, Siminn is Iceland’s largest telecommunication company. Its operating segments include Mobile, Fixed Voice, Internet and Network, TV, IT services, Equipment sales, and Others. The majority of its revenue stems from its Internet and Network operating segment. Additionally, the company is actively working to minimize the environmental impact of its operations, particularly in its network infrastructure and data centers.

As Siminn looks to the future, the company is focused on expanding its 5G network capabilities, exploring new opportunities in AI, and introducing digital solutions in its customer services. Within these projects, sustainability remains a core part of Siminn’s business practices. Additionally, the sale of Mila, a telecommunication infrastructure company, to Ardian Infrastructure in October of 2021, allowed for a shift in Siminn’s strategy and operations, including a renewed focus on core operations, increased investment in innovation, and stronger customer relationships. Among the major investments to broaden revenue streams are advertising firms BBI, Dengsi and Billboard which complement Siminn's strategy to build an increasingly powerful service company for the Icelandic industry and Icelandic consumers, which is at the forefront of using digital technology in the delivery of its services.