TEL.OL - Telenor ASA

Oslo - Oslo Delayed Price. Currency in NOK
175.05
-1.05 (-0.60%)
As of 3:28PM CEST. Market open.
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Previous Close176.10
Open175.40
Bid175.10 x 230500
Ask175.05 x 301900
Day's Range174.75 - 176.70
52 Week Range148.10 - 190.80
Volume604,018
Avg. Volume1,591,963
Market Cap251.239B
Beta (3Y Monthly)0.12
PE Ratio (TTM)18.51
EPS (TTM)9.46
Earnings DateJan 29, 2019 - Feb 4, 2019
Forward Dividend & Yield8.00 (4.54%)
Ex-Dividend Date2019-10-09
1y Target Est170.00
  • Thomson Reuters StreetEvents4 days ago

    Edited Transcript of TEL.OL earnings conference call or presentation 16-Jul-19 7:00am GMT

    Q2 2019 Telenor ASA Earnings Call

  • Norway's Telenor CEO sees decision on 5G supplier in fourth-quarter
    Reuters6 days ago

    Norway's Telenor CEO sees decision on 5G supplier in fourth-quarter

    Telenor expects to decide on its supplier of 5G technology in the fourth quarter of 2019, its CEO told Reuters, despite having as yet no clarification from Norwegian authorities as to whether Huawei can be one of them. The Nordic country's government has for months been assessing measures to reduce potential vulnerabilities in its telecoms industry and, like other U.S. allies, is under pressure from Washington not to allow the Chinese company as a supplier. State-controlled Telenor signed its first major contract with Huawei in 2009, a deal that helped pave the way for the Chinese firm's global expansion.

  • Telenor Shares Drop After Phone Carrier Cuts Profit Outlook
    Bloomberg6 days ago

    Telenor Shares Drop After Phone Carrier Cuts Profit Outlook

    (Bloomberg) -- Telenor ASA shares fell the most in over a year after the biggest phone carrier in the Nordic region cut its full-year outlook as it struggles amid increased competition in key markets.The Oslo-based company warned that revenue from phone customers and data would likely be little changed this year, after earlier anticipating a 2% gain. Earnings could also post a “low single digit” decline, compared to a previous forecast for a 1-3% gain. “The reason why we are lowering the guidance in 2019 is because we now include Thailand and we see much tougher than expected competition in Malaysia,” Chief Executive Officer Sigve Brekke said in an interview in Oslo after presenting earnings. Telenor is being pressured by slow growth in its mature markets in the Nordic region and competition at its businesses across Asia. The company is in the process of completing a takeover of Finland’s DNA Oyj, to further challenge its Swedish rival Telia Co AB. It’s also in talks with Axiata Group Bhd. to merge operations in Asia, combining their telecom and infrastructure assets to create a company with 300 million customers in nine countries.Second quarter profit also disappointed. Earnings before interest, depreciation and amortization fell 2% to 11.1 billion kroner ($1.3 billion), missing an estimate of 11.3 billion kroner. Revenue was in line with estimates at 28 billion kroner. The shares declined as much as 5.7%, the biggest intraday drop since June last year. They were down 4% to 174.95 kroner as of 1:42 p.m. in Oslo. “We will continue to cut costs on a group level,” Brekke said. “Digitalization of core businesses implies layoffs in customer service and other parts of the business.” Frank Maao, an analyst at DNB ASA, said that the new outlook constitutes an implicit lowering of Ebitda growth guidance to about minus 1%. The numbers were “soft,” driven by weakness in Pakistan and Norway, he said.What Bloomberg Intelligence says...Telenor’s muted 2Q growth and lowered full-year outlook provide some sobering context for the company’s plans for a comprehensive merger of its Asian operations with Axiata. The deal, if approved, will help unlock additional cost savings and investment efficiencies to protect cash flow from sustained top-line weakness.-- Matthew Bloxham, senior industry analyst, to read research, click hereBrekke on Tuesday reiterated that the Axiata talks are expected to conclude in the third quarter. He also said that Telenor will reach a conclusion on a 5G supplier in Norway in the fourth quarter. (Added CEO comments in third and sixth paragraph.)To contact the reporter on this story: Sveinung Sleire in Oslo at ssleire1@bloomberg.netTo contact the editors responsible for this story: Jonas Bergman at jbergman@bloomberg.net, Tasneem Hanfi BröggerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Norway's Telenor CEO sees decision on 5G supplier in fourth quarter
    Reuters6 days ago

    Norway's Telenor CEO sees decision on 5G supplier in fourth quarter

    Telenor expects to decide on its supplier of 5G technology in the fourth quarter of 2019, its CEO told Reuters, despite having as yet no clarification from Norwegian authorities as to whether Huawei can be one of them. The Nordic country's government has for months been assessing measures to reduce potential vulnerabilities in its telecoms industry and, like other U.S. allies, is under pressure from Washington not to allow the Chinese company as a supplier. State-controlled Telenor signed its first major contract with Huawei in 2009, a deal that helped pave the way for the Chinese firm's global expansion.

  • Reuters6 days ago

    Norway's Telenor flags lower earnings on dismal Asian businesses

    Norwegian telecoms group Telenor said on Tuesday the company expects a decline in earnings for the rest of the year, dented by problems faced at some of its Asian operations. The new guidance includes an "adjusted outlook" at its Malaysian operations, Digi, as well as a provision from its Grameenphone business in Bangladesh, Telenor said. The Norwegian company had said on Sunday its second-quarter earnings would take a hit from "errors" discovered at Grameenphone.

  • GlobeNewswire6 days ago

    Halfway through 2019, strategic direction confirmed

    (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.

  • Norway's Telenor warns on second quarter profit after error at Grameenphone
    Reuters7 days ago

    Norway's Telenor warns on second quarter profit after error at Grameenphone

    Norwegian telecoms group Telenor said its second-quarter earnings would take a hit from "errors" discovered at Grameenphone , its Bangladeshi telecoms division. "Grameenphone has discovered some erroneous omissions with regards to sales, marketing and commission payments and associated costs relating to non-deductible expenses for prior periods," Grameenphone said in is second-quarter earnings statement on Sunday. Telenor said this would mean taking a one-off loss in the second quarter of 2019 for the group as a whole, with its expectations for earnings before interest, tax, debt and amortization (EBITDA) lowered by 299 million crowns ($35.05 million).

  • Telenor ASA (OB:TEL): Poised For Long Term Success?
    Simply Wall St.7 days ago

    Telenor ASA (OB:TEL): Poised For Long Term Success?

    Since Telenor ASA (OB:TEL) released its earnings in March 2019, it seems that analyst forecasts are substantially...

  • What Can We Make Of Telenor ASA’s (OB:TEL) High Return On Capital?
    Simply Wall St.24 days ago

    What Can We Make Of Telenor ASA’s (OB:TEL) High Return On Capital?

    Today we'll look at Telenor ASA (OB:TEL) and reflect on its potential as an investment. Specifically, we'll consider...

  • Update: Telenor (OB:TEL) Stock Gained 37% In The Last Three Years
    Simply Wall St.last month

    Update: Telenor (OB:TEL) Stock Gained 37% In The Last Three Years

    One simple way to benefit from the stock market is to buy an index fund. But if you pick the right individual stocks...

  • Reuters2 months ago

    With energy high on agenda, China's no.3 leader visits Norway

    With energy projects high on the agenda, China and Norway will mark a further thaw in relations on Wednesday when Beijing's third-ranked politician arrives in Oslo. The four-day visit by Li Zhanshu, who heads the National People's Congress, is the most high-profile by a Chinese official since the two countries restored full diplomatic ties three years ago.

  • Reuters2 months ago

    Exclusive: Telia faces antitrust investigation of $954 million Bonnier deal - sources

    Nordic telecoms operator Telia's close to $1 billion bid for Bonnier Broadcasting faces a full-scale EU antitrust investigation after failing to address competition concerns, two sources familiar with the matter said on Thursday. Telia announced the deal, worth 9.2 billion Swedish crowns ($954 million), in July last year as the company looks to expand its media business as telecoms groups spend heavily to capitalise on changing television viewing habits. Owned by a prominent Swedish family, Bonnier's brands include Sweden's biggest commercial broadcaster, TV4, and streaming service C More and Finnish MTV.

  • Reuters3 months ago

    European shares fall in wake of Trump threat of China tariffs

    European stocks slumped on Monday after U.S. President Donald Trump unexpectedly said at the weekend that he will increase tariffs on Chinese goods, pushing down shares as investors sought safety in less directly affected assets. Trump said Washington would hike tariffs on $200 billion worth of Chinese goods effective Friday and target hundreds of billions' worth of goods soon. "These threats were exactly the opposite of his statements just last Friday, where he said that talks between Washington and Beijing to end the trade war were going 'very well'," wrote economists at UBS.

  • Axiata, Telenor in merger talks to create telecoms giant
    Associated Press3 months ago

    Axiata, Telenor in merger talks to create telecoms giant

    KUALA LUMPUR, Malaysia (AP) — Malaysia's Axiata Group Berhad said Monday it is in talks with Norway's Telenor ASA to merge their Asian operations to create one of the world's top telecommunications giants with some 300 million customers in nine countries.

  • Bloomberg3 months ago

    Telenor, Axiata in Talks on Creating Asian Mobile Giant

    Potential “synergies” from the deal would amount to about $5 billion, according to Telenor, set to own 56.5 percent of the new company. Telenor shares rose as much as 5 percent in Oslo. The merged company would be the largest mobile operator in Malaysia, combining Celcom Axiata and Telenor’s Digi.Com, and create a global top five mobile infrastructure company.

  • Norway's Telenor, Malaysia's Axiata plan Asian telecoms behemoth
    Reuters3 months ago

    Norway's Telenor, Malaysia's Axiata plan Asian telecoms behemoth

    OSLO/KUALA LUMPUR (Reuters) - Norway's Telenor and Malaysia's Axiata Group are in talks to run a jointly owned telecoms giant in South and Southeast Asia with nearly 300 million customers, as they seek to drive up growth in a highly competitive market. The merged group would be worth $40 billion (30.5 billion pounds), including debt, a person with knowledge of the matter said, making the deal the largest cross-border merger in Asia, excluding China and Japan. Telenor declined to comment and Axiata did not respond to a request for comment on the value of the combined firm.

  • Reuters3 months ago

    BRIEF-Telenor says Axiata deal could be followed by cellphone tower listing

    May 6 (Reuters) - Telenor ASA CFO told a conference call: * A NEXT STEP FOLLOWING AN AXIATA DEAL COULD BE TO LIST CELLPHONE TOWER BUSINESS Further company coverage: (Reporting By Terje Solsvik)

  • Reuters3 months ago

    BRIEF-Digi.Com Updates On Telenor's Discussions With Axiata

    May 6 (Reuters) - DIGI.COM: * UPDATES ON TELENOR'S DISCUSSIONS WITH AXIATA REGARDING POTENTIAL NON-CASH COMBINATION OF THEIR TELECOM & INFRASTRUCTURE ASSETS IN ASIA * PROPOSED DEAL MAY HAVE MATERIAL IMPACT ...

  • Reuters3 months ago

    BRIEF-Axiata Group To Combine Asian Operations With Telenor

    May 6 (Reuters) - Axiata Group Bhd: * AXIATA AND TELENOR TO COMBINE ASIAN OPERATIONS * TELENOR AND AXIATA WILL WORK TOWARDS BINDING AGREEMENT IN RELATION TO PROPOSED TRANSACTION BY END OF Q3, 2019 * TELENOR ...

  • GlobeNewswire3 months ago

    Telenor and Axiata enter discussions to merge Asian operations

    It is anticipated that Telenor, based on equity value, will own 56.5% in MergeCo and Axiata will own 43.5%, both parties acknowledging that this is preliminary subject to adjustments and due diligence. There is no certainty that these discussions will result in any transaction agreement between the parties.

  • Thomson Reuters StreetEvents3 months ago

    Edited Transcript of TEL.OL earnings conference call or presentation 30-Apr-19 7:00am GMT

    Q1 2019 Telenor ASA Earnings Call