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Telenor ASA (TELNY.PK)

TELNY.PK on OTC Markets Group

15.91USD
23 May 2017
Change (% chg)

$-0.12 (-0.75%)
Prev Close
$16.03
Open
$15.86
Day's High
$16.07
Day's Low
$15.86
Volume
58,048
Avg. Vol
54,029
52-wk High
$18.09
52-wk Low
$14.34

Latest Key Developments (Source: Significant Developments)

Telenor's Thai subsidiary Dtac selected preferred partner on TOT's 2300 mhz spectrum
Tuesday, 23 May 2017 10:32pm EDT 

May 24 (Reuters) - Telenor Asa :Telenor's Thai subsidiary Dtac selected preferred partner on state enterprise TOT's 2300 mhz spectrum.TOT holds 60 MHz of spectrum in the 2300 MHz frequency band until 2025.Dtac will build a network based on the spectrum & have right to utilize up to 60 pct of capacity in network, for fixed annual fee of thb 4.5 billion (approx. NOK 1.1 billion) .  Full Article

Telenor wins spectrum for Myanmar 4G services
Friday, 19 May 2017 06:17am EDT 

May 19 (Reuters) - Telenor Asa :Norway's Telenor says has been allocated 2x10 MHz technology neutral spectrum in the 1800 MHz frequency band.The allocation was priced at $80 million in fees, for a term of 12 years.Says allocation paves way for onward rollout of "real" 4G/LTE services on 1800 MHz in more cities across Myanmar, which can deliver speeds of more than 10 times that of 3G networks.  Full Article

Michael Foley appointed CEO of Grameenphone
Sunday, 7 May 2017 10:08pm EDT 

May 7 (Reuters) - Telenor Asa :Michael Foley appointed CEO of Grameenphone.Recruitment process has been initiated to fill vacant CEO position in Telenor Bulgaria.Sasa Filiopovic, currently chief marketing officer in Telenor Bulgaria, will serve as interim CEO of Telenor Bulgaria.Petter-B Furberg has been appointed chairman of Grameenphone board of directors.Christopher Laska will step down as chairman of Grameenphone board of directors.Changes will be effective as of 26 May, 2017.  Full Article

Telenor raises 2017 margin forecast after in-line Q1 operating result
Thursday, 4 May 2017 01:08am EDT 

May 4 (Reuters) - Telenor Asa :Telenor q1 adjusted ebitda nok 11.5 billion (Reuters poll nok 11.45 billion).Telenor sees 2017 ebitda margin around 37 percent versus previous guidance of 36 percent.Telenor q1 pretax result nok 6.41 billion (Reuters poll nok 6.2 billion).Telenor q1 revenues nok 30.5 billion (Reuters poll nok 31.05 billion).Telenor sees 2017 capex at 15-16 percent of sales excluding licences versus previous 15-16 percent.Telenor sees 2017 revenue growth of of 1% to 2% versus previous guidance of 1-2%.Financial outlook for 2017 has been adjusted to reflect new group structure with india presented as discontinued operations.  Full Article

Telenor says Digi earnings fell in Q1
Friday, 28 Apr 2017 01:15am EDT 

April 28 (Reuters) - Telenor Asa :says Digi Malaysia Q1 ebitda before items nok 1.35 billion versus 1.43 billion.During the quarter, the total number of subscriptions decreased by 524,000 to 11.776 million.Maintains 2017 outlook.  Full Article

Telenor says EU Commission investigates mobile operators in Sweden
Tuesday, 25 Apr 2017 06:19am 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

More From Around the Web

BRIEF-Telenor's Thai subsidiary Dtac selected preferred partner on TOT's 2300 mhz spectrum

* Telenor's Thai subsidiary Dtac selected preferred partner on state enterprise TOT's 2300 mhz spectrum