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Telenor ASA (TELNY.PK)

TELNY.PK on OTC Markets Group

14.68USD
30 Nov 2016
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Latest Key Developments (Source: Significant Developments)

Targeteveryone signs deal with Norwegian Telenor
Monday, 15 Aug 2016 02:55am EDT 

TargetEveryOne publ AB :Has signed deal with Norwegian Telenor's unit, Telenor Cloud Services AS.  Full Article

Alexandra Reich appointed CEO of Telenor Hungary
Wednesday, 10 Aug 2016 02:07am EDT 

Telenor: Mrs Alexandra Reich was today appointed Chief Executive Officer (CEO) of Telenor Hungary and Executive Vice President (EVP) of Telenor Group. . Reich will be part of the executive management team in Telenor Group and assumes the position no later than 1 November 2016. .Reich will succeed Christopher Laska, who has been appointed Senior Vice President (SVP) Board Governance and Partner Relations Asia and will support the Board of Directors in Telenor's Asian business units..  Full Article

Telenor still intends to sell Vimpelcom stake, no update on timeline -CEO
Tuesday, 19 Jul 2016 03:54am EDT 

Telenor CEO Sigve Brekke made the following statements when asked for an update on the company's intention to sell its stake in Vimpelcom : Says no change in our intention to sell Vimpelcom stake, still working to execute that intention . Declined to provide any update on timeline for exit Further company coverage: [TEL.OL] (Reporting By Gwladys Fouche, editing by Stine Jacobsen) ((stine.jacobsen@thomsonreuters.com;)).  Full Article

Telenor expects future growth to derive from emerging markets -CEO
Tuesday, 19 Jul 2016 03:54am EDT 

Telenor CEO Sigve Brekke made the following statements when asked where the company's future growth is expected to come from: Says we believe we can grow in emerging markets like Pakistan, Myanmar and Bangladesh, that is where growth will be coming from . Says assume that company will be able to grow in the Norwegian market again Further company coverage: [TEL.OL] (Reporting By Gwladys Fouche, editing by Stine Jacobsen) ((stine.jacobsen@thomsonreuters.com;)).  Full Article

Telenor continues to evaluate options for India business -CEO
Tuesday, 19 Jul 2016 03:28am EDT 

Telenor CEO Sigve Brekke made the following statements about the company's India operation during an investor call on Tuesday: On India, we will continue to evaluate our options, find a long-term solution . "We need more spectrum in India to stay competitive long-term" . Says the reason why Telenor is not participating in the September spectrum auction in India is that the price levels that has been proposed is too high Further company coverage: [TEL.OL] (Reporting By Gwladys Fouche, editing by Stine Jacobsen) ((stine.jacobsen@thomsonreuters.com;)).  Full Article

Telenor Q2 core earnings above forecasts, cuts 2016 revenue outlook
Tuesday, 19 Jul 2016 01:15am EDT 

Telenor says: Q2 adjusted ebitda NOK 11,545 million (Reuters poll nok 11.15 billion) vs NOK 10,695 million in Q2 2015 . Q2 revenues nok 32,477 million (Reuters poll nok 32.87 billion) vs NOK 31,406 million in Q2 2015 . Sees 2016 revenue growth of 1-2 pct vs earlier view of 2-4 pct . Sees 2016 EBITDA margin of around 35 pct vs earlier 33-34 pct . Sees 2016 capex at 17 percent of revenue excl licences and spectrum vs earlier 17-19 pct . "We recognize the significant operational and financial improvement delivered by our Indian operation. We have however, after thorough consideration, decided not to participate in the upcoming spectrum auction, as we believe the proposed spectrum prices do not give an acceptable level of return." . "As we evaluate our options in India, we will be disciplined on capex. . Repeats target for 80 pct dividend payout of normalised net income, aim for yoy growth in dividends Further company coverage: [TEL.OL] (Reporting By Stine Jacobsen) ((stine.jacobsen@thomsonreuters.com;)).  Full Article

Telenor's Grameenphone unit sees rising Q2 EBITDA year-on-year
Monday, 18 Jul 2016 01:00am EDT 

Telenor says: Q2 Grameenphone EBITDA NOK 1.5 billion (NOK 1.4 billion in Q2 2015) .Says that during the quarter, the number of subscriptions increased by 0.624 million to 56.909 million. The subscription base was 7 percent higher than at the end of second quarter last year..  Full Article

Bonheur: Richard Olav Aa appointed CFO at Fred. Olsen & Co
Wednesday, 13 Jul 2016 07:45am EDT 

Bonheur ASA : Says Richard Olav Aa has been appointed as CFO with Fred. Olsen & Co from Oct. 1, 2016 . He succeeds Jan Peter Valheim who is due to retire end September 2016 .His most recent position was as CFO of Telenor ASA Full Article

Telenor DTAC posts lower Q2 EBITDA, sees higher 2016 margins
Tuesday, 12 Jul 2016 06:06am EDT 

Telenor says: Thai subsidiary DTAC Q2 EBITDA NOK 1.4 billion vs NOK 1.5 billion at the same time last year . During the quarter the number of subscriptions decreased by 524,000 to 24.953 million. . Outlook for 2016: EBITDA margin of 31 pct-33 pct vs previous guidance of 27 pct-31 pct .Maintains 2016 capex guidance of capex at around 2015 level.  Full Article

Telenor's Malaysia unit sees declining EBITDA in Q2 yr/yr
Monday, 11 Jul 2016 01:00am EDT 

: Telenor says Digi's Q2 EBITDA is 1.541 billion crowns vs 1.660 billion at the same time last year. . Says Q2 Digi subscribers increased by 11,000 to 12.347 million during the quarter . Digi is Telenor's Malaysia unit. . Keeps outlook unchanged for Service revenues and EBITDA .Changes 2016 capex outlook to "13-14 percent of service revenues" from previously "sustain at 2015 level"..  Full Article

BRIEF-Telenor to decide future of India business in 2017 -CEO

* Telenor CEO Sigve Brekke told reporters the company aims to decide the future of its India business in 2017