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Telenor ASA (TELNY)

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16.70-0.21 (-1.22%)
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Previous Close16.91
Bid0.00 x 0
Ask0.00 x 0
Day's Range16.68 - 16.85
52 Week Range12.61 - 18.00
Avg. Volume44,972
Market Cap22.825B
Beta (5Y Monthly)0.13
PE Ratio (TTM)12.79
EPS (TTM)1.31
Earnings DateN/A
Forward Dividend & Yield0.93 (5.50%)
Ex-Dividend DateOct 16, 2020
1y Target Est20.12
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  • Myanmar authorities orders nationwide shutdown of the data network

    Myanmar authorities orders nationwide shutdown of the data network

    (Oslo, 6.2.21) The Myanmar Ministry of Transport and Communications (MoTC) has directed all mobile operators to temporarily shut down the data network in Myanmar. Voice and SMS services remain open. In the directive, the MoTC cites legal basis in Myanmar’s Telecommunication Law, and references circulation of fake news, stability of the nation and interest of the public as basis for the order. Telenor Myanmar, as a local company, is bound by local law and needs to handle this irregular and difficult situation. We have employees on the ground and our first priority is to ensure their safety. Telenor Group views this development with deep concern. We have emphasised to the authorities that access to telecom services should be maintained at all times, especially during times of conflict, to ensure people’s basic right to freedom of expression and access to information. We deeply regret the impact the shutdown has on the people in Myanmar. Media contacts: Hanne Knudsen, Telenor Group +4790804015 | hanne.knudsen@telenor.com Cathrine Stang-Lund, Telenor Group Asia +65 9723 1753 | cathrine-stang.lund@telenor.com

  • Strong performance in a challenging year

    Strong performance in a challenging year

    (Fornebu, 2 February 2021) «The year 2020 was marked by the global pandemic. In this unprecedented situation, Telenor accelerated the digitalization, managed to safeguard employees and maintained critical connectivity to customers. For the full year, Telenor delivered an organic EBITDA growth of 2 percent and a solid free cash flow of NOK 21 billion. In the fourth quarter, we continue to deliver a strong performance in the Nordics. In Norway growth in mobile and new fixed services more than offset a shortfall of roaming and copper legacy revenues. In Finland revenue and EBITDA are growing as a result of our customers’ demand for higher data speeds, including our new 5G offerings. In Asia, pressure on the top line remains due to intense competition and impact from the pandemic, in particular in Thailand and Malaysia. For the Group, subscription and traffic revenues decreased by 3 percent, however our flexibility to manage cost and investments levels resulted in stable EBITDA and improved cash flow. Entering 2021, we will maintain focus on our strategic priorities; growth, modernisation and responsible business. In the coming months, all our markets and especially our Asian subsidiaries will still be impacted by the spread of COVID-19 and government responsive measures. For the full year 2021, we expect organic subscription and traffic revenues and Ebitda to remain around 2020 level. We foresee a capex to sales ratio of 15-16% percent. Based on 2020 performance, the Board of Directors propose a dividend of NOK 9.00 per share in line with our dividend policy.» Sigve Brekke, President and CEO, Telenor Group KEY FIGURES TELENOR GROUP Fourth quarter Year NOK in million 2020 2019 2020 2019 Revenues 30,949 31,737 122,811 113,666 Organic revenue growth (%) -3.9 2.8 -2.3 1.2 Subscription and traffic revenues 22,916 23,363 93,439 85,954 Organic subscription and traffic revenue growth (%) -3.4 1.8 -1.9 0.4 EBITDA before other income and other expenses 13,512 13,397 56,520 50,735 Organic EBITDA growth (%) -0.2 4.6 1.7 -2.7 EBITDA before other income and other expenses/Revenues (%) 43.7 42.2 46.0 44.6 Net income attributable to equity holders of Telenor ASA 7,689 1,774 17,341 7,773 Capex excl. licences and spectrum 5,787 5,574 16,351 17,415 Total Capex 10,389 6,194 21,440 18,075 Free cash flow before M&A 1,988 547 12,542 3,831 Total Free cash flow 9,130 -8,742 20,855 -18,998 Mobile subscriptions - Change in quarter/Total (mill.) 1.5 2.6 181.8 186.0 Fourth quarter 2020 summary1 The Group's mobile subscriber base grew by 1.5 million and was 182 million at the end of the quarter. Subscription and traffic revenues decreased by 3% on an organic basis. Total reported revenues were NOK 30.9 billion, a decrease of NOK 0.8 billion or 2%. For the full year 2020, organic subscription and traffic revenues decreased by 2%.Currency adjusted opex excluding DNA decreased by NOK 0.7 billion, or 7%. Reported opex decreased by NOK 0.5 billion. For the full year, currency adjusted operating expenses excluding DNA were reduced by NOK 2.6 billion, or 7%. EBITDA remained stable on an organic basis, as the decline in subscription and traffic revenues was offset by the continued reduction in operating expenses. Reported EBITDA before other items was NOK 13.5 billion and the EBITDA margin was 44%. For the full year, organic EBITDA increased by 2% and the EBITDA margin was 46%. Capex excluding licences, spectrum and leases was NOK 5.8 billion, yielding a capex to sales ratio of 19%. For the full year, the capex to sales ratio ended at 13%.Reported net income was NOK 7.7 billion. The sale of Tapad contributed with a gain of NOK 2.1 billion and the sale and partial leaseback of the headquarter office building in Norway contributed with NOK 1.2 billion. Free cash flow before M&A was NOK 2.0 billion in the fourth quarter and NOK 12.5 billion for the full year. Total free cash flow in 2020 was NOK 20.9 billion.Leverage decreased to just below 2.0x at the end of the fourth quarter from 2.1x at the end of the previous quarter. On 1 February 2021, the military of Myanmar declared a state of emergency. Telenor is concerned about the situation and will closely monitor the development. 1 Please refer to Definitions on page 25 for descriptions of alternative performance measures. Some of the comments on the Group's financial results for the fourth quarter 2020 are made excluding DNA. Please refer to page 9 for the Group's consolidated figures in NOK for DNA.

  • Telenor: The Covid-19 digitalisation wave makes its mark on 2021 tech trends

    Telenor: The Covid-19 digitalisation wave makes its mark on 2021 tech trends

    Telenor: The Covid-19 digitalisation wave makes its mark on 2021 tech trends (Fornebu, 22 January 2021) Digitalisation efforts in every corner of society will accelerate in the wake of Covid-19, predicts Telenor Research. From new technology to combat loneliness, to remote education that’s here to stay, compounded by password panic induced by rising security concerns - these are some of the trends that will shape 2021. The year 2020 will go down in history as not only one of the most challenging of the century, but also as one of the most transformative. Covid-19 has forced the global population to urgently adapt to a new way of life. A life lived much more digitally. “The pandemic has triggered us and nearly every industry around the globe to adapt at a rate once thought impossible. The past year has proved that digitalisation will be key to tackling major societal issues and to facilitate new ways of working and living in 2021,” says Bjørn Taale Sandberg, Head of Telenor Research. For the sixth consecutive year, Sandberg and the Telenor Research team have analysed and reflected on the year that passed, in order to predict what’s to come in five tech trends for 2021: Trend 1: Tech supplements touch to tackle mental health maladies Covid-19 has given rise to a growing percentage of people who feel isolated and lonely, triggering a host of new health concerns. Chronic isolation feeds a range of health maladies such as anxiety and depression. “2020 showed us that loneliness is a fundamental public health issue; a health issue that we believe will face an unprecedented technological response in 2021. We predict that eHealth actors will develop and roll out new sets of tools and services related to mental health. In countries with full 5G implementation, we will likely see the first uses of augmented and virtual reality technology applied in holographic communication tools, already within the next year,” adds Sandberg. A new generation of chatbots, specifically designed to engage and help people who struggle with loneliness, will also be launched. Drawing on artificial intelligence (AI), these personalised digital helpers can respond to questions, initiate calls, offer entertainment, and conduct enriching activities that enhance feelings of being connected. Trend 2: A digital spring for green tech “The pandemic has triggered much needed climate-friendly actions. We believe governments will use the momentum of 2020 to pave the way for a green recovery in 2021, putting climate laws and climate plans into action,” says Sandberg. In cities all over the globe, artificial intelligence will be implemented to optimise energy consumption in data centres and mobile base stations. It will help make renewable energy, such as wind power, more predictable, and ‘smarten’ up cities by optimising transport and predicting air quality. AI-powered micro IoT devices, called Tiny Machine Learning (TinyML), start operating as ultra-small and ultra-low powered drones take to the sky to expand drone monitoring of climate-exposed areas through image processing. Outside the cities, new autonomous modular robots will work in the fields, supporting farmers who struggle to find agricultural workers. Mechanical weeding with machine vision will streamline the use of pesticides, thus reducing the environmental impact of agriculture. Trend 3: !]¤Password%@panic!#=? emerges as symptom of cyber security challenges In 2021, those who are not equipped with proper password solutions or who do not maintain strict digital hygiene will experience a surge in what can be defined as ‘password panic’. This is the feeling of utter hopelessness and frustration that occurs when your mind draws another password blank. This is compounded by the ever-increasing number of password-protected accounts you need to manage, as well as the general advice to change your passwords every three months and not reuse old passwords, which doesn’t exactly relieve any stress. “As employees waste precious time struggling to remember their login details, we expect to see greater implementation of user-friendly security solutions in 2021. Password managers across sectors or iris and fingerprint scanning solutions will be more common, ensuring efficiency, security, and one less pain point for workers,” predicts Sandberg. Trend 4: Society-as-a-service offers much-needed flexibility In 2020, hordes of employees left their offices to work from home. This enormous and sudden transition happened rather seamlessly, confirming once and for all that connectivity and the right digital tools enable work to be performed anywhere, at any time. This shift will create new expectations among employees, especially concerning increased flexibility to work from home or other locations regularly to enable a better work-life balance. People also expect to find amenities that support and facilitate their digital work style wherever they go, marking the dawn of the society-as-a-service age. Don’t be surprised when the coffee shops of today turn into the meeting rooms of tomorrow. "In 2021, we expect many companies to provide employees with more flexibility to carry out their work outside the office walls. To ensure the necessary competence for the future way of work, managers will increase the upskilling of employees in cyber security, digital hygiene, and the use of digital tools and technologies," explains Sandberg. Trend 5: Mind the educational gap While the Covid-19 lockdowns have led to a wave of innovations and important progress in digital learning, it has done less to reduce the global education gap. Millions of children and young people who currently lack internet access at home suffered the loss of education in 2020 when schools went into lockdowns. In 2021, we expect to see an escalating number of new and creative methods of remote, digital learning to emerge from the rapidly advancing virtual learning sphere. Those equipped with network access and internet-capable devices will be able to take part in this digital leap and reap the rewards. The unconnected will however lose ground. “If this urgent issue is not properly addressed, both internationally and within nations, we risk significant setback and a widening educational gap in the coming years. In order to bridge this gap, the education sector and ICT actors must join forces, working together to ensure robust and faster networks, and to promote and support digital literacy for all,” concludes Sandberg. Please visit our website to read the full Tech Trends 2021 report. Press contact: Stian Kristoffer Sande, Communication Manager, Telenor Group Communications M: +4797539221 | stian-kristoffer.sande@telenor.com Click here for high res image of Bjørn Taale Sandberg, Head of Telenor Research