TEL.OL - Telenor ASA

Oslo - Oslo Delayed Price. Currency in NOK
182.95
-1.05 (-0.57%)
At close: 4:25PM CEST
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Previous Close184.00
Open183.05
Bid182.65 x 230500
Ask182.65 x 301900
Day's Range182.05 - 184.05
52 Week Range148.10 - 190.80
Volume1,169,548
Avg. Volume1,557,980
Market Cap262.663B
Beta (3Y Monthly)0.12
PE Ratio (TTM)19.34
EPS (TTM)9.46
Earnings DateOct 23, 2019
Forward Dividend & Yield8.00 (4.35%)
Ex-Dividend Date2019-10-09
1y Target Est170.00
  • Reuters

    UPDATE 1-Norway's Telenor hit by tax reassessment expense of 2.5 bln Norwegian crowns

    Norway's Telenor received a tax reassessment order for its 2013 tax year, under which it will need to record an additional tax expense of about 2.5 billion Norwegian crowns ($278.44 million), the firm said on Thursday. "Telenor ASA received a reassessment order disallowing deduction for the loss Telenor ASA suffered in 2012 due to settlement of bank guarantees given in respect of external funding in its Indian subsidiary Unitech Wireless," it said. The reassessment order relates to 2013, as that was the year when the loss was recognised and claimed as tax deductible.

  • GlobeNewswire

    Telenor completes DNA transaction, announces mandatory tender offer for remaining shares in DNA

    (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.

  • Bloomberg

    Axiata’s $3 Billion Tower Arm Draws Takeover Interest

    (Bloomberg) -- Buyers are circling Axiata Group Bhd.’s wireless tower business, even as the Southeast Asia telecom giant presses ahead with plans for a broader merger with Telenor ASA’s Asian operations, people with knowledge of the matter said.Axiata has received preliminary expressions of interest in recent months about a potential takeover of its Edotco Group Sdn. unit, according to the people, who asked not to be identified as the discussions are private. The business could be valued at as much as $3 billion in a deal, one of the people said.The informal approaches haven’t led to any detailed discussions, and Axiata continues to conduct due diligence on the proposed deal with Norway’s Telenor, the people said. Still, the interest shows that Axiata has other options if it can’t overcome hurdles to the Telenor deal, which include government concerns about job cuts and foreign control of key telecommunications assets.“Since its initial private placement, Edotco has continued to receive interest from potential investors,” a company spokesperson said in an email to Bloomberg News. “To the best of our knowledge, there are no plans at present for any private sale or equity injection.”Shares of Axiata fell as much as 4.4% in early Monday trading in Kuala Lumpur, the biggest intraday decline in two weeks.Axiata said in May it is holding talks with Telenor to combine their Asian telecommunication operations to create a company with 300 million customers in nine countries. Potential synergies from the deal would amount to about $5 billion, according to Telenor, which is set to own 56.5% of the new company.Malaysia Prime Minister Mahathir Mohamad asked for more details on the transaction due to concerns over jobs, Bloomberg News has reported. The deal would be the country’s biggest since he took office in May 2018.A representative for Axiata declined to comment on interest in Edotco. A Telenor spokesman referred Bloomberg to the announcement in May when asked on an update on talks with Axiata, and if a sale of Edotco assets to a third party would be compatible with such a merger, adding that it doesn’t comment on rumors or speculation.Read: Axiata’s Merger Plan With Telenor Asia Operations Is ProgressingKuala Lumpur-based Edotco, founded in 2012, owns more than 29,300 towers across Malaysia, Sri Lanka, Bangladesh, Cambodia, Pakistan and Myanmar, according to its website.Axiata owns about 63% of Edotco, the website shows. Other shareholders include sovereign wealth fund Khazanah Nasional Bhd., Innovation Network Corp. of Japan and pension fund Kumpulan Wang Persaraan (Diperbadankan), according to a 2017 statement on Edotco’s website.(Updates to add share price of Axiata in fifth paragraph)\--With assistance from Mikael Holter and Chan Tien Hin.To contact the reporters on this story: Elffie Chew in Kuala Lumpur at echew16@bloomberg.net;Manuel Baigorri in Hong Kong at mbaigorri@bloomberg.net;Rodrigo Orihuela in Madrid at rorihuela@bloomberg.netTo contact the editors responsible for this story: Fion Li at fli59@bloomberg.net, Ben ScentFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Is Telenor ASA (OB:TEL) Overpaying Its CEO?
    Simply Wall St.

    Is Telenor ASA (OB:TEL) Overpaying Its CEO?

    Sigve Brekke became the CEO of Telenor ASA (OB:TEL) in 2015. This analysis aims first to contrast CEO compensation...

  • GlobeNewswire

    Telenor, NHH and NTNU to establish a new knowledge powerhouse to fuel growth and develop new industries

    (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.

  • Don't Sell Telenor ASA (OB:TEL) Before You Read This
    Simply Wall St.

    Don't Sell Telenor ASA (OB:TEL) Before You Read This

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll show...

  • GlobeNewswire

    Change to the Board of Directors of Telenor ASA

    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.

  • Thomson Reuters StreetEvents

    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
    Reuters

    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
    Bloomberg

    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
    Reuters

    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.

  • Reuters

    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.

  • GlobeNewswire

    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
    Reuters

    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.

    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.

    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.

    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...

  • Reuters

    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.

  • Reuters

    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.

  • Reuters

    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 Press

    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.