|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||165.05 - 168.40|
|52 Week Range||155.40 - 190.80|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 29, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||170.00|
* Philippine shares see best session in two weeks * Malaysia's Axiata jumps on stake-sale talks report * Thai shares close at near two-month high By Anushka Trivedi Jan 17 (Reuters) - Southeast Asian stock markets climbed on Friday, with Philippine shares leading the pack, as encouraging data from China whipped up risk appetite. China, Southeast Asia's largest trading partner, grew by 6% in the fourth quarter, in line with market expectations, suggesting the world's second-largest economy was stabilising. "Such an environment should also offer emerging markets the chance to find a more stable footing and provide room for riskier assets to advance." Philippine shares climbed 0.9% in their best session in two weeks, with Jollibee Foods Corp topping the benchmark index.
(Bloomberg) -- Malaysia’s sovereign fund and Telenor ASA have revived talks on a potential deal involving Axiata Group Bhd., people familiar with the matter said, just four months after the carriers scrapped negotiations on a broader merger of their Asian operations.Khazanah Nasional Bhd. and Telenor are in the early stages of exploring several possible scenarios including Telenor buying part of the wealth fund’s stake in Axiata, the people said, who asked not to be identified because the deliberations are private.A stake purchase could pave the way for more deals, such as a merger of Axiata and Telenor’s phone tower assets or consolidation in certain markets, according to the people. Another option could include a combination and eventual listing of the two carriers’ frontier-market operations, the people said.Shares of Axiata surged as much as 9.2% in Kuala Lumpur to their highest level since September. Telenor shares jumped as much as 3.2% in Thursday afternoon trading in Oslo, the most intraday since May. They closed up 1.6%, giving the company a market value of $26 billion.Khazanah is Axiata’s biggest shareholder with a 37% stake, according to data compiled by Bloomberg. No final decisions have been made on any potential transaction, and the discussions could fall apart, the people said. Representatives for Axiata, Khazanah and Telenor declined to comment.Buying a minority stake would allow Telenor to still strengthen its presence in Asia while easing political concerns in Malaysia, where Axiata is the biggest mobile operator. Prime Minister Mahathir Mohamad had queried how the previous deal, which would have given Telenor control of the combined entity, would affect employment in the country.In September, Axiata and Telenor ended talks on merging their Asian telecom operations, scrapping an effort to create a company with $13 billion in sales and 300 million customers across nine countries.Telenor first entered Asia more than two decades ago and derives more than half of its revenue from the region. Beyond Malaysia, it also operates in Thailand, Bangladesh, Pakistan and Myanmar. Axiata, which counts 150 million subscribers in total, also has business in Cambodia, Nepal, Sri Lanka and Indonesia.(Updates Axiata share performance in fourth paragraph)\--With assistance from Mikael Holter and Chan Tien Hin.To contact the reporters on this story: Elffie Chew in Kuala Lumpur at email@example.com;Manuel Baigorri in Hong Kong at firstname.lastname@example.orgTo contact the editors responsible for this story: Fion Li at email@example.com, Ben ScentFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Sharad Mehrotra, CEO of Telenor Myanmar, has been appointed the new CEO of dtac, Telenor Group’s mobile operator in Thailand. Hans Martin Hoegh Henrichsen, currently Chief Corporate Affairs Officer in Telenor Myanmar, will become acting CEO after Mehrotra.
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. To keep it practical...
Telenor reiterated on Sunday Huawei would be involved in building Norway's 5G network along with Ericsson, one of several companies to continue working with the Chinese company despite U.S. pressure. Huawei faces increased official scrutiny in Europe amid U.S. allegations that it poses a security threat. Huawei, with which Telenor has collaborated for more than a decade on 4G, will continue to play a role in modernising its infrastructure, Hanne Knudsen, Telenor vice president for communications, told Reuters.
Telenor has picked Sweden's Ericsson as the key technology provider for its fifth-generation (5G) telecoms network in Norway, it said on Friday, gradually removing China's Huawei [HWT.UL] after a decade of collaboration over 4G. Fearing high-tech espionage, and battling with China over trade, the United States has pushed NATO allies such as Norway to exclude Huawei from lucrative 5G deals, and Norwegian security services also warned against the firm.
Ericsson will modernise and build the Telenor’s 5G radio access network (RAN). When selecting the vendor for the radio access network, we have considered important factors like technical quality, ability to innovate and modernise the network, commercial terms and conditions, as well as carried out an extensive security evaluation.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...
In the last decade, mobile service providers, device makers and Internet companies built a virtual second world for us to live, work and play in – a digital one. At the start of this new decade, Telenor Group’s research arm believes that people will reflect more on how our real world and this new digital reality should safely and productively intersect. “Many of the trends we spotlight for next year show innovation charging ahead faster than ever, enabled by more access and more demand, as well as by revolutionary new tech platforms and sociopolitical forces,” says Bjørn Taale Sandberg, Head of Telenor Research.
The merger creates a regional leader in online classifieds. Telenor Group receives a 32 percent stake in the company, making it the largest minority shareholder. 701Search will cease to be a subsidiary company of Telenor Group and will merge its operations with Carousell with immediate effect.
In his new role, Leinonen will be part of Telenor’s Group Executive Management and assume the role of chair of Telenor Sweden and Telenor Denmark, in addition to retaining his responsibilities as CEO of DNA in Finland. “Jukka Leinonen is a well reputed telco leader with more than 30 years in the ICT industry.
(Fornebu, 23 October 2019) “The performance in the third quarter reflects continued strong execution on our strategy, focusing on growth, efficiency and.
This will create a vibrant Nordic TV distribution business and capture synergies in a maturing direct-to-home (DTH) segment. The joint venture will operate at arm’s length to its parents. “The joint venture will combine the respective strengths of Canal Digital and Viasat Consumer, leveraging synergies for the benefit of our customers and shareholders.
When 4G was introduced to Norway in 2012, residents of the Artic archipelago of Svalbard were among the first to test the technology. “Extreme weather conditions in remote locations populated by a small but industrious community makes Svalbard a dream test case for 5G. The experiences we gain from here will be critical as we bring connectivity to more corners of the world where a changing climate requires us to both utilise resources better and work in new ways with partners and communities to transform,” says Sigve Brekke, President & CEO, Telenor Group.
After acquiring 54 percent of the shares in DNA from Finda and PHP on 21 August 2019, Telenor launched a mandatory tender offer for all remaining shares in DNA. During the initial MTO offer period ending on 26 September 2019, Telenor achieved a preliminary acceptance rate of close to 95 percent from DNA minority shareholders. After the completion of the tender offer and following the end of the extended offer period, Telenor will make a redemption claim to any remaining minority shareholders of DNA in accordance with the Finnish Companies Act in order to redeem all the remaining shares, and thereafter DNA will apply for delisting of its shares from Nasdaq Helsinki.
With the new pilot, Telenor becomes the first operator in Norway to integrate 5G into its mobile network. This means that anyone with access to a 5G mobile phone will soon be able to use the super network of the future in Elverum.
Over the last four months, both parties have been working on due diligence and finalising transaction agreements to be completed within the third quarter of 2019. Due to some complexities involved in the Proposed Transaction, the parties have mutually agreed to end the discussions. Both parties still acknowledge the strong strategic rationale of the Proposed Transaction.
(Fornebu, 21 August 2019) Telenor Group announced on 9 April 2019 that it had entered into separate agreements with Finda and PHP to acquire 54% of the shares in the Finnish.
(Arendal, Norway,13 August 2019) Some of Norway’s key knowledge institutions join forces to contribute to the country’s digital success: NHH, NTNU and Telenor are establishing.
René Richard Obermann will step down as Board Director of Telenor ASA on 1 August 2019. René Richard Obermann has chosen to step down on 1 August 2019 due to other.
(Fornebu, 16 July 2019) “The strategic agenda we initiated two years ago continued to bear fruit in the second quarter. Although organic subscription and traffic revenues.
Today we'll look at Telenor ASA (OB:TEL) and reflect on its potential as an investment. Specifically, we'll consider...