Today, Telenor is still listed on the Oslo Stock Exchange (delisted from Nasdaq in 2007) and the shares are freely negotiable. Telenor has one class of shares, and each share equals one vote at the General Meeting. The shares have no trading restrictions in the form of Board consent or ownership limitations. The Articles of Association of Telenor ASA contain no restrictions on negotiability or voting rights and all shares have equal rights.
The Norwegian State is the main shareholder in Telenor, with a holding of 53.97 % of the Telenor shares as of 31 December 2020. The Norwegian Ministry of Trade, Industry and Fisheries manage the ownership interest. The Norwegian State emphasises that partly state-owned companies should comply with principles for good corporate governance.
More information about administration of the Norwegian State’s ownership interests and the Government’s Ownership Policies can be found on the Government’s web pages.