Edition:
United States

Telenor ASA (TEL.OL)

TEL.OL on Oslo Stock Exchange

169.65NOK
4:20am EDT
Change (% chg)

kr-0.15 (-0.09%)
Prev Close
kr169.80
Open
kr170.65
Day's High
kr170.65
Day's Low
kr169.00
Volume
294,109
Avg. Vol
1,796,371
52-wk High
kr191.70
52-wk Low
kr135.00

Latest Key Developments (Source: Significant Developments)

PPF says secures EUR 3.025 bln financing for Telenor CEE assets
Wednesday, 21 Mar 2018 09:58am EDT 

March 21 (Reuters) - Telenor Asa ::CZECH PPF SAYS SECURES EUR 3.025 BILLION FINANCING FOR TAKING OVER TELENOR ASSETS IN CEE.PPF SAYS LOAN UNDERWRITTEN BY BNP PARIBAS FORTIS, CRÉDIT AGRICOLE CIB, CESKA SPORITELNA, HSBC, SOCIETE GENERALE AND UNICREDIT.PPF SAYS ACQUISITION FULFILLING OUR LONG-HELD GOAL TO BECOME A MID-SIZED EUROPEAN OPERATOR.  Full Article

Telenor in EUR 2.8 bln deal to sell central, eastern Europe assets
Wednesday, 21 Mar 2018 03:00am EDT 

March 21 (Reuters) - Telenor Asa ::TELENOR AGREES TO SELL ITS CENTRAL AND EASTERN EUROPEAN ASSETS TO PPF.‍BOARD TO PROPOSE SPECIAL DIVIDEND OF NOK 4.40 PER SHARE​.‍AGREEMENT TO SELL ITS ASSETS IN CENTRAL AND EASTERN EUROPE (CEE) TO PPF GROUP FOR EUR 2.8 BILLION (AROUND NOK 27 BN)​.‍TRANSACTION INCLUDES TELENOR'S WHOLLY-OWNED MOBILE OPERATIONS IN HUNGARY, BULGARIA, MONTENEGRO AND SERBIA AND TECHNOLOGY SERVICE PROVIDER TELENOR COMMON OPERATION​.‍CEE OPERATIONS CONTRIBUTED APPROXIMATELY NOK 11.8 BILLION OR 9% OF TELENOR GROUP'S REVENUES AND NOK 4.1 BILLION OR 8% OF EBITDA IN 2017​.‍INCLUDING PROPOSED ORDINARY DIVIDEND OF NOK 8.10 PER SHARE FOR 2017, TOTAL PROPOSED PAY-OUT TO SHAREHOLDERS IN 2018 WILL BE APPROXIMATELY NOK 19 BILLION​.‍AS PREVIOUSLY COMMUNICATED, COMPANY ALSO PLANS TO ASK AGM FOR A NEW BUYBACK MANDATE TO SECURE FLEXIBILITY FOR ADDITIONAL SHAREHOLDER REMUNERATION GOING FORWARD​.‍OUR PROPOSED USE OF PROCEEDS BALANCES OUR AIM TO DELIVER ATTRACTIVE SHAREHOLDER REMUNERATION, WHILE PRESERVING STRATEGIC FLEXIBILITY​.‍IN COMING YEARS, WE BELIEVE THERE WILL BE VALUE ACCRETIVE OPPORTUNITIES WITHIN OUR CORE BUSINESS AREAS AND GEOGRAPHIES​.‍TRANSACTION IS EXPECTED TO BE COMPLETED WITHIN Q3 2018​.‍PPF GROUP IS LARGEST PRIVATE INVESTMENT GROUP IN CEE​.‍AGREED TRANSACTION PRICE CORRESPONDS TO AN EV/EBITDA MULTIPLE OF 6.4 BASED ON 2017 EBITDA​.‍TRANSACTION IS ESTIMATED TO RESULT IN AN ACCOUNTING GAIN AFTER TAX OF AROUND 3 NOK BILLION​.  Full Article

Total Access Communication's CEO Lars-Åke Norling to step down
Tuesday, 13 Mar 2018 09:45pm EDT 

March 13 (Reuters) - Total Access Communication <>::LARS-ÅKE NORLING TO STEP DOWN AS CHIEF EXECUTIVE OFFICER OF DTAC.TOTAL ACCESS COMMUNICATION - CEO LARS-ÅKE NORLING HAS DECIDED TO LEAVE COMPANY​.TOTAL ACCESS COMMUNICATION- ‍LARS-ÅKE NORLING WILL REMAIN IN HIS CURRENT ROLE UNTIL SEPTEMBER 1, 2018, OR UNTIL A SUCCESSOR HAS BEEN APPOINTED​.TOTAL ACCESS COMMUNICATION SAYS ‍HAS INITIATED PROCESS OF APPOINTING A NEW CEO.​.  Full Article

Bharti Airtel Says NCLT Sanctioned Scheme Of Amalgamation Between Telenor (India) Communications, Co
Friday, 9 Mar 2018 07:13am EST 

March 9 (Reuters) - Bharti Airtel Ltd ::SAYS NCLT, NEW DELHI, PRINCIPAL BENCH SANCTIONED SCHEME OF AMALGAMATION BETWEEN TELENOR (INDIA) COMMUNICATIONS, CO.  Full Article

Eyeonid Announces Telenor Group To Be Global Partner
Tuesday, 6 Mar 2018 04:31am EST 

March 6 (Reuters) - EYEONID GROUP AB ::(PUBL) GOES LIVE WITH TELENOR GROUP, WHICH TODAY LAUNCHES EYEONID'S SERVICE VIA TELENOR NORWAY.‍TELENOR NORWAY WILL BE FIRST COUNTRY TO LAUNCH SERVICE​.‍PARTIES HAVE SIGNED A GLOBAL FRAMEWORK AGREEMENT​.  Full Article

Telenor completes 2017-2018 share buyback programme
Wednesday, 28 Feb 2018 11:45am EST 

Feb 28 (Reuters) - Telenor Asa ::MARKET PART OF TELENOR'S 2017-2018 SHARE BUYBACK PROGRAMME FINALISED.  Full Article

Telenor Purchased 204,168 Own Shares At An Average Price Of Nok 178.26 Per Share
Wednesday, 28 Feb 2018 11:45am EST 

Feb 28 (Reuters) - Telenor Asa ::PURCHASED 204,168 OWN SHARES AT AN AVERAGE PRICE OF NOK 178.26 PER SHARE.AFTER THIS TRANSACTION, TELENOR OWNS A TOTAL OF 13,810,438 OWN SHARES.  Full Article

Telenor Purchased 270,000 Own Shares At An Average Price Of Nok 178.43 Per Share
Tuesday, 27 Feb 2018 11:07am EST 

Feb 27 (Reuters) - Telenor Asa ::PURCHASED 270,000 OWN SHARES AT AN AVERAGE PRICE OF NOK 178.43 PER SHARE.AFTER THIS TRANSACTION, TELENOR OWNS A TOTAL OF 13,606,270 OWN SHARES.  Full Article

Telenor announces commercial launch of WG2
Tuesday, 27 Feb 2018 02:05am EST 

Feb 27 (Reuters) - Telenor Asa ::WORKING GROUP TWO READIES COMMERCIAL LAUNCH.‍SWEDISH MOBILE VIRTUAL NETWORK OPERATOR VIMLA IS FIRST COMMERCIAL CUSTOMER OF PLATFORM​.‍WORKING GROUP TWO (WG2) WAS ANNOUNCED IN OCTOBER AS AN OFFSPRING FROM TELENOR GROUP, WHICH SET OUT TO RADICALLY ENHANCE INNOVATION CAPACITY OF MOBILE INDUSTRY​.‍PLATFORM FORMS A SOFTWARE LAYER ON TOP OF EXISTING CORE TELCO SYSTEM, WHICH ENABLES SPEEDY SERVICE INNOVATION DIRECTLY IN NETWORK BY MAKING MOBILE TELEPHONY PROGRAMMABLE​.  Full Article

Telenor Purchased 70,000 Own Shares At An Average Price Of Nok 180.02 Per Share
Monday, 26 Feb 2018 11:18am EST 

Feb 26 (Reuters) - Telenor Asa ::PURCHASED 70,000 OWN SHARES AT AN AVERAGE PRICE OF NOK 180.02 PER SHARE.AFTER THIS TRANSACTION, TELENOR OWNS A TOTAL OF 13,336,270 OWN SHARES.  Full Article