Key Developments: Telenor ASA (TELNY.PK)

TELNY.PK on OTC Markets Group

68.62USD
18 Sep 2014
Price Change (% chg)

$1.14 (+1.69%)
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$67.48
Open
$68.66
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$68.66
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$68.47
Volume
1,198
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10,650
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$77.14
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Latest Key Developments (Source: Significant Developments)

Telenor raises FY 2014 margin guidance
Wednesday, 23 Jul 2014 01:00am EDT 

Telenor ASA:Says still sees low single digit organic revenue growth in FY 2014.Adjusts FY 2014 capex to sales ratio downwards to be in the range of 14-15%.Sees FY 2014 EBITDA margin before other income and expenses above 2013 level.Earlier expected FY 2014 EBITDA margin before other income and expenses to be stable.Reported revenue of 104.03 billion Norwegian crowns and EBITDA margin of 33.8% for FY 2013.  Full Article

Norway may cut stakes in Telenor and Kongsberg Gruppen-Reuters
Thursday, 19 Jun 2014 06:15pm EDT 

Telenor ASA:Norway's government will ask parliament for the right to cut its stake in telecommunications company Telenor and industrial group Kongsberg Gruppen to 34 percent of each entity, the trade minister said on June 19-Reuters.Norway's government holds 54 percent of Telenor, a global telecoms company with 172 million customers in Europe and Asia.The state owns 50 percent in Kongsberg Gruppen.A 20 percent stake in Telenor is worth around $7.1 billion at current prices, while a 16 percent stake in Kongsberg Gruppen is worth around $440 million.  Full Article

Telenor partners with WiMP in Pakistan
Thursday, 5 Jun 2014 03:15am EDT 

Telenor ASA:Music service WiMP has been chosen as the music partner for Telenor Pakistan.Telenor will act as a reseller for WiMP, and also bundle the music service into specific mobile subscriptions to its customers.WiMP is already partnering with Telenor in Norway and Denmark.  Full Article

Telenor comments on FY 2014 financial outlook
Wednesday, 7 May 2014 01:00am EDT 

Telenor ASA:Expects low single digit organic revenue growth in FY 2014.Estimates EBITDA margin before other income and expenses to be stable.  Full Article

Telenor secures 3G spectrum in Pakistan-DJ
Friday, 25 Apr 2014 02:18am EDT 

Telenor ASA:Telenor Pakistan was granted 2x5 MHz of 3G spectrum in the 2100 MHz band, valid for 15 years, in the country's first next-generation auction conducted by the Pakistan Telecommunication Authority (PTA)-DJ.The total cost of the spectrum granted to Telenor Pakistan in the April 23 auction will be $147,5 million.  Full Article

Telenor issues commercial paper of NOK 2 bln
Wednesday, 2 Apr 2014 05:21am EDT 

Telenor ASA:Issues commercial paper of 2,000,000,000 Norwegian crowns.Maturity Oct. 6, 2014.Coupon 1.78 percent.The issue is organised by DNB Markets.  Full Article

European Free Trade Association opens antitrust proceedings against Telenor ASA-Reuters
Wednesday, 26 Mar 2014 11:22am EDT 

Telenor ASA:European Free Trade Association (EFTA) opens antitrust proceedings against Telenor for allegedly infringing competition rules under European Economic Area agreement - Reuters.EFTA's surveillance authority is investigating whether Telenor has charged prices resulting in illegal margin squeeze on its competitors when offering retail mobile data services.  Full Article

Telenor ASA divests Conax to Kudelski Group for 1.5 billion Norwegian crowns
Wednesday, 26 Mar 2014 02:00am EDT 

Telenor ASA:Says Telenor Broadcast has entered into a definitive agreement to sell its subsidiary Conax AS to Swiss-based Kudelski Group for 1,509 million Norwegian crowns on a cash and debt free basis.Conax is a global provider of solutions for securing digital video content distribution on all networks and devices with a market share of about 7 pct.  Full Article

Telenor Sweden enters low-end telecoms market-Reuters
Thursday, 13 Mar 2014 09:53am EDT 

Telenor ASA:Swedish unit of Telenor ASA introduces a low price brand, Vimla-Reuters.Beta version launched on Feb. 12 will run until the end of March and after that a more traditional launch will take place.Vimla offers a flat rate of 200 Swedish crowns per month for 1 GB of data, which gives 32 minutes of internet surfing per day, and unlimited text and calls.  Full Article

Telenor issues bonds of in total SEK 3.4 bln
Wednesday, 12 Mar 2014 10:16am EDT 

Telenor ASA:Says has issued two bond tranches under the company's EMTN program.First tranche 2,300,000,000 Swedish crowns with coupon 2.375 percent and final maturity March 19, 2019.Second tranche 1,100,000,000 crowns with coupon 3M Stibor + 0.63 percent and final maturity March 19, 2019.Proceeds will be used for general corporate purposes.The bonds will be listed on Luxembourg Stock Exchange.  Full Article

Telenor wins India approval to fully own local phone unit

NEW DELHI, Sept 5 - India has approved Norwegian telecoms group Telenor ASA's proposal to fully own its local unit, the government said in statement on Friday.

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