TELNF - Telenor ASA
| Previous close | 10.48 |
| Open | 10.48 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 10.48 - 10.48 |
| 52-week range | 8.45 - 13.58 |
| Volume | |
| Avg. volume | 698 |
| Market cap | 14.518B |
| Beta (5Y monthly) | 0.08 |
| PE ratio (TTM) | 40.33 |
| EPS (TTM) | 0.26 |
| Earnings date | N/A |
| Forward dividend & yield | 0.88 (8.40%) |
| Ex-dividend date | 19 Oct 2023 |
| 1y target est | N/A |
ReutersTelenor Q1 earnings in line with forecast, repeats outlook
Norwegian telecoms operator Telenor on Thursday reported first-quarter earnings in line with expectations and reiterated its financial guidance. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for January-March was flat year-on-year at 8.1 billion Norwegian crowns ($755.92 million). Analysts polled in a Refinitiv survey on average had expected 8.2 billion crowns.
Globe NewswireSolid strategy execution
Today, Telenor reports its results for the first quarter of 2023. “I’m pleased to see that we have been able to demonstrate solid execution across all four business areas”, says Sigve Brekke, President and CEO of Telenor Group. “Telenor supports the rapid digitalisation of the Nordic societies through investing in 5G networks and services. The underlying mobile service revenue growth was 5 percent, and the fixed business is turning positive after completion of the copper decommissioning. This is
ZacksAre Investors Undervaluing Telenor (TELNY) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- Investing.com
Telenor climbs on report of merger talks with CK Hutchison in Denmark, Sweden
By Scott Kanowsky
ReutersTelenor declines to comment on CK Hutchison report
Oslo-listed Telenor on Thursday declined to comment on a report saying the operator was in talks with CK Hutchison relating to its businesses in Sweden and Denmark. "We do not comment on speculation or rumors related to our business," a Telenor spokesperson told Reuters in an email. The Financial Times on Thursday reported the Norwegian firm was in talks to combine its businesses in Denmark and Sweden with those of Hong Kong-listed ports-to-telecoms conglomerate CK Hutchison, owner of telecoms group Three.
ZacksZacks Industry Outlook Highlights Swisscom, Deutsche Telekom and Telenor
Swisscom, Deutsche Telekom and Telenor have been highlighted in this Industry Outlook article.
Zacks3 Communication Stocks Set to Ride on Healthy Demand Trends
The accelerated pace of 5G deployment and demand for scalable infrastructure should help the Zacks Diversified Communication Services industry thrive despite short-term woes. SCMWY, DTEGY and TELNY are well-positioned to make the most of the infrastructure upgrade for seamless connectivity.
- Globe Newswire
Telenor announces the completion of the amalgamation of dtac and True in Thailand
(Oslo/Singapore - 1st March 2023) Today, Telenor Asia announces the completion of the amalgamation of the telco operations of True and dtac in Thailand. The transaction is the largest telco merger in Southeast Asia by combined enterprise value. The new company, named True Corporation, is well placed to serve Thailand’s increasing demand for high-speed data and capture growth opportunities in a fast-changing digital region. According to Telenor Asia's Digital Lives Decoded 2022 survey, 82 percent
ReutersTelenor's shares spike on profit, growth outlook
Telenor's fourth-quarter earnings slightly beat expectations on Thursday as the Norwegian telecoms operator forecast continued growth in 2023 in service revenue and core profit in its Nordic business. Chief Executive Sigve Brekke said Telenor and the rest of the telecoms sector would likely be resilient in case of a global recession as consumers cut their mobile phone spending after other costs because they consider it "crucial". "You cut on other consumption long before you cut on your mobile, be it in Norway (or) Bangladesh," Brekke told Reuters.
- Globe Newswire
Executing on the strategy
“The quarter represents significant progress on our new strategic roadmap towards 2025. Mobile service revenues in Telenor Nordics increased by 5 percent, demonstrating the growth potential in the region. We completed the merger in Malaysia establishing CelcomDigi as the clear market leader, we agreed on the sale of 30 percent of the Norwegian fibre business, and we completed the decommissioning of the copper network in Norway. All in the same quarter”, says Sigve Brekke, President and CEO of Te
- Globe Newswire
Sale of 30% of the Norwegian Fibre business completed
Fornebu, 1 February 2023 – Telenor today closes the transaction to divest 30 percent of newly established Telenor Fiber AS, in Norway to a consortium led by KKR, investing through its Core Infrastructure strategy, with Oslo Pensjonsforsikring as co-investor. The agreed sales price is based on an enterprise value of NOK 36.1 billion for the Norwegian fibre business which had a proforma EBITDA of NOK 1.7 billion in 2021. “This transaction is an important milestone in our new strategy of reshaping
- Globe Newswire
Axiata and Telenor Announce the Successful Completion of the Celcom and Digi Merger
(Kuala Lumpur/Singapore, 30 November 2022) Axiata Group Berhad (“Axiata”), Telenor Asia Pte Ltd (“Telenor”) and Digi.com Berhad (“Digi”) announced the completion of the merger of the telco operations of Celcom Axiata Berhad (“Celcom”) and Digi (together “Celcom Digi”). With this, Axiata and Telenor (together “Parties) will both hold equal ownership in Celcom Digi at 33.1 per cent each. On completion, Axiata received newly issued Digi shares representing 33.10 percent of the enlarged share capita
- Globe Newswire
Update on the transaction between dtac and True in Thailand
On 22 November 2021, Telenor and CP Group announced their intention to support the amalgamation of dtac and True in Thailand. As part of the amalgamation, companies jointly owned by Telenor and CP Group planned to carry out a voluntary tender offer (VTO) for the shares in dtac and True under the tender offer regulation of the Securities and Exchange Commission of Thailand. The announced VTO was made subject to conditions precedent. The conditions precedent to the VTO have not been satisfied with
ReutersTelenor looking to support Myanmar customers at risk
OSLO (Reuters) -Norway's Telenor said on Friday it is exploring ways to provide support to Myanmar telecom users facing digital security risks after its exit from the Southeast Asian nation this year. Following a military coup in Myanmar in 2021, Telenor announced the sale of its business there to avoid European Union sanctions after pressure from the junta to activate intercept surveillance technology. Telenor completed the exit despite criticism from employees and activists who said the handover could put the data of 18 million people within reach of the ruling military.
ReutersTelenor Q3 gets surprise boost from one-off gain in Pakistan
OSLO (Reuters) -Telenor's third-quarter core earnings came in higher than estimated due to a one-off gain in Pakistan, the Norwegian telecoms operator said on Wednesday, and also reiterated that it expects its full-year profit to be in line with 2021 levels. The operator, which has about 175 million customers in eight countries across the Nordic region and Asia, issued a profit warning for 2022 last month, citing spiralling energy costs. "For the group, high energy prices, especially in Norway, Denmark and Pakistan, continue to be a headwind," Chief Executive Officer Sigve Brekke said in a statement on Wednesday.
- Globe Newswire
Improved Nordic mobile revenue trends
“We see positive trends for mobile service revenues in the Nordic region, with a growth of 4 percent in the third quarter”, says Sigve Brekke, President and CEO of Telenor Group. For the Group, high energy prices, especially in Norway, Denmark, and Pakistan, continue to be a headwind. However, the negative effects are, this quarter, countered by a reversal of sim tax provision in Pakistan, leading to 2.5 percent EBITDA growth. Free cash flow came in at NOK 5 billion, implying a cash generation s
- Globe Newswire
Telenor establishes fibre company in Norway
(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
ReutersTelenor sells stake in Norway fibre unit for $1 billion
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.
ZacksInfosys (INFY) to Modernize Telenor Norway's IT Operations
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.
ReutersTelenor warns on 2022 profit amid massive restructuring plans
OSLO (Reuters) -Norway's Telenor warned on Tuesday that spiralling energy prices made it increasingly difficult to achieve its profit target and announced a restructuring of its Nordic business and a potential listing of its Asian unit. "The energy price development in the last couple of months makes it increasingly difficult to reach the guiding of flat EBITDA in 2022," Telenor said in a statement, referring to its earnings before interest, tax, depreciation and amortisation. Telenor, which has 175 million customers in eight countries across the Nordic region and Asia, in recent years sought to cut costs and boost its cash flow to make room for higher dividends and 5G investments.
- Globe Newswire
Capital Markets Day: Building Telenor for the future
(Fornebu, 20 September 2022) Today, at its Capital Markets Day, Telenor presents significant changes to ensure growth and reshape the company’s role as an enabler for digitalisation and sustainability. The company will become a leading telecom operator and infrastructure player in the Nordics and take leading positions in security and IoT services. In Asia, Telenor will, together with partners, build scale and take number one positions in several markets. “The Telenor you see today is not the Te
ReutersTelenor and Axiata win key approval for multi-billion dollar Malaysia tie-up
OSLO (Reuters) -Malaysian telecoms firm Axiata Group and Norway's Telenor ASA have been given clearance from the Securities Commission Malaysia for the proposed merger of their local units, Telenor said on Thursday. Facing stiff competition in the competitive Malaysian market, Axiata and Telenor announced last year the planned tie-up between Celcom Axiata and DiGi.Com, forming a new market leader called Celcom Digi. Two sources with knowledge of the deal, who spoke on the condition of anonymity, told Reuters last year that Celcom Digi would have an enterprise value of $15 billion.
- Globe Newswire
Changes in Telenor Group's Executive Management
(Fornebu, 24 August 2022) Telenor is implementing changes to the Group Executive Management team to strengthen the regions in the Nordics and Asia, as well as creating new units within infrastructure and adjacent services. Digitisation is changing people's lives, and the changes that are now being made will provide more value to Telenor's customers and help them meet both new challenges and opportunities. To achieve this and position Telenor for future growth, Telenor is implementing changes to
ReutersInternet goes down for several hours in parts of Pakistan
ISLAMABAD (Reuters) -Internet connectivity was fully restored in central and northern parts of Pakistan on Friday after an hours-long outage caused by heavy rains and floods, the country's telecom regulator said. "The technical fault in data networks which caused internet outage in Pakistan has been resolved," the Pakistan Telecommunication Authority (PTA) said in a statement, adding that all internet services had been restored to normal. State-owned Pakistan Telecommunication Company Ltd's (PTCL) said earlier that its optical fibre network was experiencing faults and users in northern and central regions were facing an outage.
Bloomberg99 Group Raises Funds After Carousell Takeover Talks Collapse
(Bloomberg) -- Carousell Pte’s bid to buy property portal 99 Group fell through after the online classifieds marketplace ended talks to go public via a merger with a blank-check company, according to a person familiar with the matter.Most Read from BloombergThis Is How China Could Hit Back Over Pelosi’s Taiwan VisitPelosi Poised to Land in Taiwan as China Rips ‘Provocative’ TripWorld’s Most-Tracked Plane Is Jet That May Be Flying PelosiYou Won’t Like What Comes After Inflation99 Group terminated