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Telenor ASA (TELNY.PK)

TELNY.PK on OTC Markets Group

19.98USD
28 Jul 2017
Change (% chg)

$0.14 (+0.73%)
Prev Close
$19.83
Open
$19.83
Day's High
$20.02
Day's Low
$19.79
Volume
711,320
Avg. Vol
58,834
52-wk High
$20.16
52-wk Low
$14.34

Latest Key Developments (Source: Significant Developments)

RPT-Telenor CEO says cost-cutting is not hampering growth initiatives
Monday, 17 Jul 2017 04:30am EDT 

July 17 (Reuters) - TELENOR ::CFO JOERGEN C. ARENTZ ROSTRUP REPEATS WILL DIVEST FROM VEON <<>>, BUT WE ARE IN NO RUSH.CEO SIGVE BREKKE SAYS I AM NOT MORE OPTIMISTIC ABOUT DANISH MARKET, CONSOLIDATION IS DIFFICULT, SO FOCUS MUST BE ON EFFICIENCY.CFO SAYS REAFFIRMS COMMITMENT TO INCREASE DIVIDEND.CFO SAYS TO ACHIEVE OUR 2017 COST-CUTTING TARGET, TREND HAS TO CONTINUE IN H2, MOST CUTS WILL BE IN Q4.CEO SAYS COST-CUTTING IS NOT HAMPERING GROWTH INITIATIVES.  Full Article

Telenor CEO: cost-cutting not hampering growth initiatives
Monday, 17 Jul 2017 03:57am EDT 

July 17 (Reuters) - TELENOR ::TELENOR CFO JOERGEN ARENTZ ROSTRUP REAFFIRMS COMMITMENT TO INCREASE DIVIDEND.CFO SAYS TO ACHIEVE OUR 2017 COST-CUTTING TARGET, TREND HAS TO CONTINUE IN H2, MOST CUTS WILL BE IN Q4.TELENOR CEO SIGVE BREKKE: COST-CUTTING IS NOT HAMPERING GROWTH INITIATIVES .  Full Article

BRIEF-Norway's Telenor raises 2017 earnings margin outlook, Q2 beats forecast
Monday, 17 Jul 2017 01:00am EDT 

Fixes order of words in headline:TELENOR Q2 REVENUES NOK 31.5 BILLION (REUTERS POLL NOK 31.18 BILLION).TELENOR Q2 ADJUSTED EBITDA NOK 12.7 BILLION (REUTERS POLL NOK 11.72 BILLION).TELENOR SEES 2017 EBITDA MARGIN 38-39 PERCENT VERSUS PREVIOUS GUIDANCE OF 37 PERCENT.TELENOR REPEATS 2017 OUTLOOK FOR REVENUE GROWTH AND CAPEX.BOARD HAS DECIDED TO DISTRIBUTE PARTS OF THESE FUNDS TO SHAREHOLDERS THROUGH A 2% SHARE BUYBACK PROGRAMME.  Full Article

Telenor's Dtac Q2 adjusted EBITDA beats forecast
Thursday, 13 Jul 2017 06:03am EDT 

July 13 (Reuters) - Telenor Asa :dtac q2 ebitda before items nok 1,972 million versus 1,541 million (Reuters poll 1,628 mln).dtac q2 revenue nok 4,818 million versus 4,629 million (Reuters poll 4,780 mln).dtac outlook 2017 unchanged.dtac during quarter number of subscriptions decreased by 705,000 to 23.605 million.  Full Article

Telenor's Q2 Grameenphone EBITDA jumps to NOK 2.1 bln
Wednesday, 12 Jul 2017 09:42am EDT 

July 12 (Reuters) - Telenor Asa :Telenor's Grameenphone q2 ebitda before items nok 2,102 million versus 1,609 million.Telenor's Grameenphone q2 revenue nok 3,432 million versus 2,965 million.Telenor's Grameenphone: adjusted for positive one-time adjustment of accruals in q2 2017, normalised ebitda margin would be 58%.Telenor's Grameenphone: during quarter number of subscriptions increased by 1.713 million to 61.581 million. Subscription base was 8 % higher than at end of q2 last year.  Full Article

Telenor's Digi cuts 2017 revenue guidance as Q2 drops
Wednesday, 12 Jul 2017 12:37am EDT 

July 12 (Reuters) - Telenor Asa ::Telenor's digi q2 ebitda before items nok 1,408 million versus 1,541 million.Telenor's digi q2 revenue nok 3,049 million versus 3,411 million.Digi service revenue outlook 2017: low - mid single digit decline (previously "around 2016 level").Digi 2017 EBITDA margin: Seen around 2016 level (unchanged).Digi 2017 Capex: Seen at 11-13 pct of service revenues (unchanged).During Q2 the total number of subscriptions increased by 254,000 to 12.030 million.  Full Article

Norway regulator says Telenor not in breach of wholesale margin rules
Monday, 10 Jul 2017 07:59am EDT 

July 10 (Reuters) - Norway's telecoms regulator (NKOM) said in a statement::New calculations show that Telenor <<>> abides by wholesale margin rules, does not have to cut price further.The regulator had warned on May 29 that Telenor could be forced to cut wholesale prices for companies seeking access to its network.Telenor has since provided more detailed information, and on June 15 it cut some access prices as part of the EU directive on European roaming costs.NKOM's latest analysis shows Telenor not in breach of regulation, and that there is no cause for demanding further price reductions at this time.  Full Article

Norway's Schibsted to book NOK 1.3 bln gain in Q2 after transaction
Friday, 30 Jun 2017 11:00am EDT 

June 30 (Reuters) - Schibsted says: :Closing of the transaction to increase ownership in OLX Brazil and Yapo Chile and divest Asian assets.Gains of approximately NOK 1.3 billion will be recognized in consolidated financial statements of schibsted for q2 2017.Amount will be reported on "other income and expenses" line in consolidated income statement..Transaction implies a cash payment to telenor of $400 million. Schibsted has financed amount with debt..  Full Article

Telenor's Tapad appoints new CEO, replacing founder
Thursday, 8 Jun 2017 09:22am EDT 

June 8 (Reuters) - Telenor Asa :Telenor's Tapad says board appoints Sigvart Voss Eriksen as new CEO, replacing company co-founder Are Traasdahl.Traasdahl will transition to chairman emeritus, a senior advisory role at Tapad.  Full Article

Veon plans to buy back three Eurobonds, issue new notes
Tuesday, 30 May 2017 04:28am EDT 

May 30 (Reuters) - VimpelCom Holdings B.V., a subsidiary of VEON VEON.O, says::Commenced a cash tender offer for any and all of the outstanding $1.0 billion 9.125-percent Loan Participation Notes due 2018, $1.0 billion 7.748-percent Loan Participation Notes due 2021, and $1.5 billion 7.5043-percent Guaranteed Notes due 2022..Intends to offer new senior unsecured notes. .The purpose of the offer is to acquire any and all of the notes, which will be funded principally by the issuance of the new notes and would have the effect of extending the maturity profile of a portion of VEON's indebtedness..Notwithstanding the potential offering of new notes, the Group may fund a portion of the Offer with available cash. .  Full Article

VEON board elects former Xerox CEO Ursula Burns as chairman

FRANKFURT, July 24 Global telecoms operator VEON has elected former Xerox Corp chief Ursula Burns as its chairman, the company said on Monday, part of corporate governance reforms that are designed to showcase its makeover as an online services player.