|Bid||42.61 x 0|
|Ask||42.63 x 0|
|Day's Range||42.42 - 43.06|
|52 Week Range||38.91 - 43.96|
|Beta (3Y Monthly)||0.48|
|PE Ratio (TTM)||35.30|
|Earnings Date||Oct 17, 2019|
|Forward Dividend & Yield||2.36 (5.50%)|
|1y Target Est||41.90|
For investors with a long-term horizon, examining earnings trend over time and against industry peers is more...
(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 email@example.comTo contact the editors responsible for this story: Jonas Bergman at firstname.lastname@example.org, Tasneem Hanfi BröggerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
In this article we are going to estimate the intrinsic value of Telia Company AB (publ) (STO:TELIA) by projecting its...
Dividend paying stocks like Telia Company AB (publ) (STO:TELIA) tend to be popular with investors, and for good reason...
After Telia Company AB (publ)'s (STO:TELIA) earnings announcement on 31 March 2019, analyst consensus outlook appear...
Resembling the helmet of a Star Wars stormtrooper, a driverless electric truck began daily freight deliveries on a public road in Sweden on Wednesday, in what developer Einride and logistics customer DB Schenker described as a world first. Robert Falck, the CEO of Swedish start-up Einride, said the company was in partnership talks with major suppliers to help scale production and deliver orders, and the firm did not rule out future tie-ups with large truckmakers. "This public road permit is a major milestone ... and it is a step to commercializing autonomous technology on roads," the former Volvo executive told Reuters.
Swedish telecoms operator Telia's $957 million (735.4 million pounds) bid for Bonnier Broadcasting may stymie rivals in Sweden and Finland and push up prices, EU antitrust regulators said on Friday as they opened a full-scale investigation into the deal. Telia, which unveiled the deal in July last year, is following in the footsteps of other telecoms providers which have snapped up media companies to try to compete with big internet players such as Netflix and Amazon. Bonnier's brands include Sweden's biggest commercial broadcaster TV4, streaming service C More and Finnish MTV.
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.
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Sweden's parliament on Wednesday called on the government to look into how it could divest its $7.5 billion stake in telecoms firm Telia Company while protecting sensitive infrastructure owned by the firm from cyber breaches. The country's minority, center-left government has opposed a sale of the stake of 37 percent on national security concerns. Fears have grown that telecoms infrastructure can be used as a means of eavesdropping on companies, individuals and governments and Sweden said last month it would tighten network security requirements ahead of the roll-out of 5G infrastructure.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Telia Company AB and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
In 2013 Johan Dennelind was appointed CEO of Telia Company AB (publ) (STO:TELIA). This analysis aims first to contrast CEO compensation with other large companies. Next, we'll consider growth thatRead More...
The United States has indicted the daughter of the late president of Uzbekistan on corruption charges for allegedly using her official position to solicit more than $865 million in bribes from three telecommunications companies, the Justice Department said on Thursday. Gulnara Karimova, working with telecoms executive Bekhzod Akhmedov, allegedly asked for bribes from Russia's MTS and VimpelCom Limited (now called VEON Ltd and based in Amsterdam), and Sweden's Telia Company AB , between around 2001 and 2012 in exchange for using her influence with the Uzbek telecoms regulator to ensure the three were awarded licenses to operate in Uzbekistan. Karimova, a former Uzbek government official who has not been seen in public for several years, laundered the money through the U.S. financial system, the Justice Department alleged.
Ideally, your overall portfolio should beat the market average. But even the best stock picker will only win with some selections. So we wouldn't blame long term Telia Company ABRead More...
Norway's Telenor will conduct a 5G mobile network trial with Nokia in Denmark, it said on Monday, the second recently announced trial by the firm to be conducted with a Huawei rival. State-controlled Telenor, which has 173 million subscribers across eight countries in Europe and Asia, signed its first major contract with Huawei in 2009, a deal that helped pave way for the Chinese firm's global expansion.
COPENHAGEN, Denmark (AP) — Three former executives of telecom company Telia were acquitted Friday of paying bribes in Uzbekistan, with the Swedish court citing lack of evidence.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! It is not uncommon to see companiesRead More...
Today we are going to look at Telia Company AB (publ) (STO:TELIA) to see whether it might be an attractive investment prospect. In particular, we'll consider its Return On Capital Read More...
European shares on Friday hit their highest level in nearly two months as positive earnings, hopes of accommodative U.S. monetary policies and higher oil and metal prices help fuel a global rally. The pan-European STOXX 600 index ended the day up 0.6 percent near two-month highs, scored a fourth straight week of gain and was on course for its best month since October 2015. Traders cited a Wall Street Journal report which said Federal Reserve officials were considering maintaining a larger portfolio of Treasury securities than earlier expected as a reason for better risk sentiment.