It was set up as a merger of three recently established telegraph companies initiated by Danish industrial mogul Carl Frederik Tietgen.

[2] The starting point of The Great Northern Telegraph Company (now GN Store Nord) was a concession agreement, which C.F.

Later, operations took place along the coast of China ranging from Hong Kong to Shanghai and further into Japan, where the first telegraph station opened in Nagasaki in 1897.

In 1897, negotiations began about a potential connection going from Scotland to the United States through the Faroe Islands, Iceland, and Greenland.

When the transatlantic connection was finally established, however, it represented a remarkable expansion, which significantly facilitated communication between people around the world.

World War I and largely the Russian Revolution changed the map of Europe, but this only meant an increase in demand for telegraphy.

A major change happened in 1991 when GN was assigned the attractive GMS concession from the national Danish telecommunication authorities.

With the blossoming of the data communications and telephony industry, and under CEO Jørgen Lindegaard, GN was back on track and enjoyed big success in the late 1990s.

In 2001, net profit ended at DKK -9,2 billion, followed by a share price decline equivalent to previous years' gains.

Thereby major parts of the yield from Sonofon was lost within one year, and shareholders were raging in the media and at the annual general meeting.

The following years' turbulence led to the company selling most of its subsidiaries and leaving Tietgen's old headquarters in 1893 at Kongens Nytorv in Copenhagen.

The blocked deal, however, left GN challenged to the extreme with two underperforming businesses, a thin product pipeline, a heavy debt position, and facing a highly adverse macroeconomic environment.

The purpose of consolidating all products under the same brand was to strengthen the company's position as the world's leading supplier of headsets.

Today, GN Audio is a world leader in Unified Communications headsets, and within the last couple of years, the company has managed to be the first at introducing a number of innovative products on the market.