|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||8.78 - 8.78|
|52-week range||8.78 - 17.61|
|Beta (5Y monthly)||0.03|
|PE ratio (TTM)||5.91|
|Forward dividend & yield||1.00 (8.42%)|
|Ex-dividend date||06 Oct 2022|
|1y target est||N/A|
(Fornebu 7 September 2022) Telenor enters into a transaction supporting future investments in Norway's telecom infrastructure. Earlier this year, Telenor initiated a process of evaluating the establishment of a passive fibre infrastructure ownership company with a minority co-investor. Telenor has now reached an agreement to divest 30 percent of the newly established company, Telenor Fiber AS, in Norway to a consortium led by KKR, investing through its Core Infrastructure strategy. The consortiu
OSLO (Reuters) -Norway's Telenor on Friday said it had agreed to sell a 30% stake in its Norwegian fibre broadband unit for 10.8 billion crowns ($1.0 billion) to a consortium led by U.S. investment company KKR and pension firm Oslo Pensjonsforsikring. Around 30% of Telenor's proceeds will be used for share buybacks, the group said in a statement. Telenor's shares, which had been trading at 10-year lows amid sluggish growth and inflation eroding its margins, rose 4.4% in early trade.
Infosys (INFY) collaborates with Telenor Norway to transform the latter's business model, making it a product-based digital telecommunications operator under its 'Beyond Connectivity' strategy.