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Telenor ASA (TELNY.PK)

TELNY.PK on OTC Markets Group

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Latest Key Developments (Source: Significant Developments)

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

Bharti Airtel to buy Telenor India
Wednesday, 22 Feb 2017 10:15pm EST 

Bharti Airtel Ltd : Says Bharti Airtel to acquire Telenor India . Says proposed acquisition will include transfer of all of Telenor India's assets and customers . Says Telenor India's operations and services will continue as normal until completion of transaction . Co to buy Telenor's running operations in 7 circles - Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (east), UP (west) and Assam . Says on completion, proposed acquisition will undergo seamless integration, both on customer as well as network side .Says deal to enable Airtel to further bolster spectrum foot-print in seven circles, with addition of 43.4 MHz spectrum in 1800 MHz band.  Full Article

Vimpelcom enters into multi-currency term and revolving facilities agreement of up to $2.25 bln
Friday, 17 Feb 2017 01:07am EST 

Vimpelcom Ltd : Vimpelcom successfully enters into a multi-currency term and revolving facilities agreement of up to $2.25 billion with several international banks . Says TL/RCF will replace existing $1.8 billion revolving credit facility signed in 2014 . Says term facility has a five-year tenor and revolving credit facility has an initial tenor of three years .TL/RCF includes option to increase amount of facilities up to full $2.25 billion, which would consist of term facility of $562.5 million and revolving credit facility of $1.68 billion.  Full Article

Telenor Norway cuts jobs in broadband, technology divisions
Thursday, 16 Feb 2017 03:53am EST 

Telenor : To reorganise broadband, technology divisions of telenor norway . This will mean that the equivalent of 170 full-time jobs will have to go. . The changes will come into force on April 1. The Norwegian subsidiary has 3,900 employees across 24 offices. Further company coverage: [TEL.OL] (Reporting by Gwladys Fouche) ((gwladys.fouche@thomsonreuters.com;)).  Full Article

Telenor CEO says not considering big acquisitions
Thursday, 2 Feb 2017 05:52am EST 

Telenor Asa CEO Sigve Brekke said during a strategy update on Thursday: Not looking at any big acquisitions as we speak . Is having a walk-through of all assets in portfolio viewed as non-strategic . Haven't found long term solution for India yet but we are continuously looking for it . Will take the next steps to exit Vimpelcom when we feel the time is right Further company coverage: [TEL.OL] (Reporting By Joachim Dagenborg, editing by Terje Solsvik) ((terje.solsvik@thomsonreuters.com;)).  Full Article

Telenor sets 2018-2020 targets, adjusts dividend policy
Thursday, 2 Feb 2017 01:00am EST 

Telenor says: Our strategy will strengthen our cash flow generation and support our commitment to deliver a growing dividend to our shareholders . Priorities for capital allocation remain unchanged, with a solid balance sheet with net interest bearing debt to ebitda below 2.0x and competitive shareholder remuneration . Dividend policy has been slightly adjusted to "aiming for year-on-year growth in ordinary dividend per share" (previously 50%-80% pay-out of normalized net income, with an aim for year-on-year growth in dividend per share) . In addition, buy-back of own shares and/or extraordinary dividend pay-outs will be evaluated on a case-by-case basis . Telenor's financial ambitions for period 2018-2020 are as follows: . - Year-on-year low single-digit organic revenue growth . - Net opex reductions of 1 pct-3 pct per year . - Capex/sales ratio of around 15 pct, excluding licenses .- Year-on-year growth in ordinary dividend per share.  Full Article

Telenor Q4 core results miss forecast, makes Tapad writedown
Thursday, 2 Feb 2017 01:00am EST 

Telenor Asa : q4 revenues nok 33.1 billion (Reuters poll nok 33.42 billion) . q4 adjusted ebitda nok 10.8 billion (Reuters poll nok 11.93 billion) . says in 2017, telenor expects an organic revenue growth in range of 1% to 2% and an ebitda margin of around 36%. Capex to sales ratio excluding licences is expected to be 15% to 16% . Ebitda before other items was negatively impacted by a provision of nok 0.3 billion related to a decision by swedish tax agency regarding vat treatment for 2013 and 2014. Excluding this effect, organic ebitda growth was 5% . says based on financial results for 2016, board of directors proposes a dividend of nok 7.80 per share for 2016, to be paid out in two instalments. .As a result of lowered growth expectations within us media advertising segment, an impairment of nok 1.0 billion has been recognised in tapad, which is included in other units.  Full Article

Telenor proposes NOK 7.8 dividend vs Reuters poll NOK 7.72
Thursday, 2 Feb 2017 01:00am EST 

Telenor : will propose a total dividend of NOK 7.80 per share for the financial year 2016 to the Annual General Meeting in May 2017 . Analysts in a Reuters poll had on average predicted a dividend of NOK 7.72 per share . The dividend will be split into two instalments of NOK 4.30 and NOK 3.50 per share to be paid in May and November 2017, respectively .The total ordinary dividends proposed for the financial year 2016 is NOK 11.7 billion. The two payments will have separate ex. dividend and record dates.  Full Article

Telenor: Digi's Q4 core earnings rose to NOK 1.44 bln
Monday, 23 Jan 2017 12:45am EST 

Telenor Asa : Telenor says Digi's Q4 ebitda before other items was NOK 1,440 million (NOK 1,385 million) . During the quarter, the total number of subscriptions increased by 50,000 to 12.299 million . Digi's 2017 target: capex: 11-13% of service revenues . Digi 2017 target ebitda margin: around 2016 level .Digi 2017 target service revenues: around 2016 level.  Full Article

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