Telenor ASA

Telenor is a holding company. Through its subsidiaries, Co. operates as a telecommunication company. Co. provides mobile communication, fixed line communication, and broadcasting activities. Co.'s mobile communication business includes voice, data, Internet, content services, customer equipment and messaging. Fixed service comprise telephony, Internet and television (TV), leased lines as well as data services and managed services. Broadcast comprises Canal Digital DTH in the Nordics, satellite broadcasting, terrestrial radio and TV transmission in Norway and Belgium and encryption related services for TV distribution.
  • TickerTEL
  • ISINNO0010063308
  • ExchangeOslo Bors
  • SectorMobile Telecommunications
  • CountryNorway

Analysts

Allan C. Nichols

Morningstar | Telenor Under Review

We are placing our fair value estimate for Telenor under review. We will publish an updated report and valuation by June 15.

Allan C. Nichols

Telenor Under Review

We are placing our fair value estimate for Telenor under review. We will publish an updated report and valuation by June 15....

Frank Maaø ...
  • Håkon Astrup
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Martin Arnell
  • Mats Bye
  • Mattias Holmberg
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Rune Majlund Dahl
  • Simen Mortensen
  • Viktor Trollsten

Northern Lights

Frank Maaø

Telenor (Hold, TP: NOK187.00) - Set to transform Asia exposure

We hosted a roadshow in Oslo yesterday as Telenor announced a transformative potential deal with Axiata that could bring benefits on three levels, but also more complexity. We have raised our target price to NOK187 (178) based on potential synergies from the proposed transaction. Our recommendation remains HOLD.

Frank Maaø ...
  • Håkon Astrup
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Mattias Holmberg
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Paul Harper
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Allan C. Nichols

Morningstar | Telenor Under Review

We are placing our fair value estimate for Telenor under review. We will publish an updated report and valuation by June 15.

Allan C. Nichols

Telenor Under Review

We are placing our fair value estimate for Telenor under review. We will publish an updated report and valuation by June 15....

Frank Maaø

Telenor (Hold, TP: NOK187.00) - Set to transform Asia exposure

We hosted a roadshow in Oslo yesterday as Telenor announced a transformative potential deal with Axiata that could bring benefits on three levels, but also more complexity. We have raised our target price to NOK187 (178) based on potential synergies from the proposed transaction. Our recommendation remains HOLD.

Allan C. Nichols

Morningstar | Telenor Reported Mixed First-Quarter Results; Shares Fairly Valued

Telenor reported mixed first-quarter results with stronger revenue growth but weaker EBITDA margins. However, we don’t anticipate any significant changes to our NOK 164 per local share fair value estimate and narrow moat rating. We believe the shares are fairly valued. The firm reported revenue growth of 1.8% year over year versus our full-year projection of a 0.1% decline. In its home market of Norway, Telenor is having success with its fiber service, which added 11,000 customers in the quarter, as well as growing its average revenue per user, or ARPU, by 2%. While it lost 28,000 wireless su...

Allan C. Nichols

Telenor Reported Mixed First-Quarter Results; Shares Fairly Valued

Telenor reported mixed first-quarter results with stronger revenue growth but weaker EBITDA margins. However, we don’t anticipate any significant changes to our NOK 164 per local share fair value estimate and narrow moat rating. We believe the shares are fairly valued. The firm reported revenue growth of 1.8% year over year versus our full-year projection of a 0.1% decline. In its home market of Norway, Telenor is having success with its fiber service, which added 11,000 customers in the quarter...

A director bought 2,000 shares at 156.700NOK and

A director at Telenor Asa bought 2,000 shares at 156.700NOK and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of ...

Frank Maaø ...
  • Håkon Astrup
  • Karl-Johan Bonnevier
  • Marius Knudssøn
  • Martin Arnell
  • Mats Bye
  • Mattias Holmberg
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Rune Majlund Dahl
  • Simen Mortensen
  • Viktor Trollsten

Northern Lights

Frank Maaø ...
  • Håkon Astrup
  • Karl-Johan Bonnevier
  • Martin Arnell
  • Mattias Holmberg
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Paul Harper
  • Rune Majlund Dahl
  • Simen Mortensen

Northern Lights

Christoffer Wang Bjørnsen ...
  • Frank Maaø
  • Håkon Astrup
  • Joachim Gunell
  • Jon Masdal
  • Martin Hoang Nguyen
  • Martin Huseby Karlsen
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Stefan Gauffin

Northern Lights

Christoffer Wang Bjørnsen ...
  • Frank Maaø
  • Helene Kvilhaug Brøndbo
  • Marius Knudssøn
  • Martin Arnell
  • Martin Huseby Karlsen
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Rune Majlund Dahl

Northern Lights

Frank Maaø ...
  • Mattias Holmberg
  • Ole-Andreas Krohn
  • Simen Mortensen

Northern Lights

TELENOR ASA sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of TELENOR ASA (NO), a company active in the Mobile Telecommunications industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date November 13, 2018, the closing price was NOK 160.50 and its potential was estimated at NOK 171.18.

Ng Adrian

Telenor

Ng Adrian

Telenor

Ng Adrian

Telenor

Ng Adrian

Telenor

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/Telenor targeted by activist investor

Telenor (TELNO) has been targeted by Constructive Capital to spin off its mobile masts and increase its debt, according to the Financial Times this morning. The little known local activist investor wants Telenor to switch NOK75bn from its funding from equity to debt. Constructive Capital, which is reported to hold an indirect stake of less than 5%, sees upward potential for Telenor's share price of up to 84%, which would enable the company to make acquisitions by using the company's stock, according to the newspaper.

ING
Hendrik Wiersma

Telenor/2Q18 results largely in-line; outlook maintained

Telenor released 2Q18 results that were largely in-line with expectations and management reiterated its outlook for the full year. The company's balance sheet remains strong. Net debt stood at NOK49.3bn at the end of 2Q18, versus NOK42.2bn at 1Q18, with the net debt/EBITDA ratio standing at 1.1x. We view this report card as neutral to spreads, given Telenor's tight trading levels versus Orange, thus limiting the upward potential.

MarketLine Department

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Summary Marketline's Telia Company AB Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Telia Company AB since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key H...

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TDC A/S - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's TDC A/S Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by TDC A/S since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlights This re...

Expert Corporate Governance Service (ECGS)

Telenor - AGM 07 May 2019

In general, Telenor is in compliance with the Norwegian regulations relating to the organisation and procedures of the AGM. Under ITEM 7, the board of directors seeks approval of the auditor's remuneration. In view of the substantial amount of non-audit fees, ECGS recommends to vote OPPOSE. Under ITEM 9.1, the board of directors seeks approval of the Company's remuneration guidelines. The proposed remuneration structure is not in line with ECGS' guidelines. Accordingly, ECGS recommends to vote OPPOSE. Undet ITEM 9.2, the board of directors seeks approval of a revised LT incentive plan. Alth...

Telenor ASA – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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