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Telenor ASA (TELNY.PK)

TELNY.PK on OTC Markets Group

16.47USD
3:58pm EDT
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$-0.01 (-0.06%)
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$16.48
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$18.09
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Latest Key Developments (Source: Significant Developments)

Telenor says EU Commission investigates mobile operators in Sweden
6:19am EDT 

April 25 (Reuters) - Telenor Asa :Telenor sverige subject of investigation by the european commission.Telenor says investigation on premises of telenor sverige in stockholm regarding possible abuse of a collective dominant market position and/or possible anti-competitive practices between mobile network operators in sweden.Telenor has strict internal rules and procedures on compliance with laws and regulations. Telenor will co- operate with the Authority in carrying out the investigation so that it can be conducted in an efficient manner. Besides this, Telenor has currently no further comments on this issue..  Full Article

Telenor's Grameenphone Q1 EBITDA rises to NOK 1,886 mln
Thursday, 20 Apr 2017 09:04am EDT 

April 20 (Reuters) - Telenor Asa :Telenor's Grameenphone Q1 ebitda NOK 1,886 million (NOK 1,683 million).During the quarter the number of Grameenphone's subscriptions increased by 1.9 million to 59.9 million. .  Full Article

Telenor's Dtac keeps 2017 outlook unchanged
Thursday, 20 Apr 2017 06:12am EDT 

April 20 (Reuters) - Telenor Asa :Telenor's Dtac Q1 EBITDA NOK 1,653 million (NOK 1,741 million).Telenor's Dtac says 2017 outlook unchanged: Service revenues (excluding interconnect) same level as previous year, EBITDA at least same level as previous year, CAPEX THB 17-20 billion .During the quarter the number of Dtac subscriptions decreased by 170,000 to 24.310 million .  Full Article

Telenor sells 4 pct of Veon shares for $259 mln
Friday, 7 Apr 2017 01:06am EDT 

Telenor Asa : Telenor announces pricing of its offering of 70 million Veon common shares and ADSS (former Vimpelcom) . Public offering at price of usd 3.75 per ads/share, resulting in net proceeds to telenor of usd 259 million . The offering is expected to close on or about 12 April 2017 . Today's transaction represents 4.0 per cent of VEON's total outstanding common shares, leaving Telenor with approximately 346.7 million VEON ADSs (19.7 per cent of VEON's total outstanding common shares), including the VEON ADSs that are underlying Telenor's USD 1 billion, 3-year exchangeable bond due 2019 . Citigroup and Morgan Stanley have acted as joint global coordinators and joint bookrunners for the offering . Following the transaction, VEON will no longer be treated as an associated company in Telenor's financial reporting and all of the previously recognised currency translation differences, amounting to an accounting loss of NOK 7.5 billion, including tax effects related to the hedging instruments, will be reclassified to the income statement' .The net proceeds of USD 259 million (around NOK 2.2 billion) will be included in Telenor's cash flow statement for the second quarter 2017..  Full Article

Telenor to sell 70 mln of its common shares in Veon
Thursday, 6 Apr 2017 05:00pm EDT 

Telenor Asa : Telenor to sell additional shares in Veon Ltd. . Has commenced an offering of 70 million of its common shares in Veon ltd . Currently owns approximately 416.7 million ADSS, which represents 23.7 percent of Veon's total outstanding common shares . Price at which telenor will sell common shares and adss has not yet been determined . Pricing of offering will be announced following completion of bookbuilding process .Citigroup and Morgan Stanley will act as joint global coordinators and joint bookrunners for offering.  Full Article

BRIEF-Norway competition authority approves Telia's acquisition of Phonero
Monday, 3 Apr 2017 10:30am EDT 

Norway Competition Authority: Says informed Nordic telecom operator Telia that its acquisition of Phonero could go ahead . Sweden's Telia and Norway's Telenor are the two largest players in the Norwegian mobile telecom market . Telia said in December it had agreed to acquire Phonero for 2.3 billion Norwegian crowns ($268.34 million) [nASM00076M] Source: http://www.konkurransetilsynet.no/nb-NO/aktuelt/nyheter/2017/tillater-telias-oppkjop-av-phonero/ Further company coverage: [ ] ($1 = 8.5712 Norwegian crowns) (Reporting By Nerijus Adomaitis) ((nerijus.adomaitis@thomsonreuters.com;)) Keywords: (REPEAT).  Full Article

Norway competition authority approves Telia's acquisition of Phonero
Monday, 3 Apr 2017 10:26am EDT 

Norway Competition Authority: Says informed Nordic telecom operator Telia that its acquisition of Phonero could go ahead . Sweden's Telia and Norway's Telenor are the two largest players in the Norwegian mobile telecom market . Telia said in December it had agreed to acquire Phonero for 2.3 billion Norwegian crowns ($268.34 million) [nASM00076M] Source: http://www.konkurransetilsynet.no/nb-NO/aktuelt/nyheter/2017/tillater-telias-oppkjop-av-phonero/ Further company coverage: [ ] ($1 = 8.5712 Norwegian crowns) (Reporting By Nerijus Adomaitis) ((nerijus.adomaitis@thomsonreuters.com;)).  Full Article

TargetEveryOne and Telenor sign agreement with Norway's coop
Friday, 31 Mar 2017 05:32am EDT 

TARGETEVERYONE AB (PUBL) :TARGETEVERYONE AND TELENOR SIGN AGREEMENT WITH NORWAY'S COOP.  Full Article

Norway may block Telia's acquisition of Phonero deal
Monday, 27 Feb 2017 08:00am EST 

Telia Company Ab : Norway's competition authority says in a statement it may block Telia's planned acquisition of Phonero . Norway's competition authority says measures taken by Telia have not been sufficient to alleviate concerns regarding competition in business segment . Norway's competition authority says today's decision is not a final one . Norway's competition authority says the companies now have 15 days to comment on the regulator's opinion . Norway's competition authority says deadline for a final decision is April 10 Further company coverage: [TELIA.ST] (Reporting By Terje Solsvik, editing by Camilla Knudsen) ((terje.solsvik@thomsonreuters.com;)).  Full Article

Bharti will not pay any cash for Telenor's India unit
Thursday, 23 Feb 2017 12:42am EST 

Telenor said: Bharti Airtel will not make any cash payment for Telenor's India unit but takes on future pay commitments for spectrum and mobile phone towers, a Telenor spokesman said . Telenor's accumulated losses since entering India in 2008 have been about NOK 24 billion ($2.87 billion); no more losses triggered by Bharti deal Further company coverage: [TEL.OL][BRTI.NS] ($1 = 8.3505 Norwegian crowns) (Reporting By Terje Solsvik) ((terje.solsvik@thomsonreuters.com;)).  Full Article

More From Around the Web

EU probes potential abuse by Swedish mobile operators

STOCKHOLM/OSLO The European Commission is investigating whether mobile network operators in Sweden have abused their market position or engaged in anti-competitive practices to block competitors from entering the market, it said on Tuesday.