Telenor reports first quarter 2017 resultsFinancial performance
“I’m pleased to see Telenor continuing to deliver organic EBITDA growth, while revenues were stable in the first quarter. Highlights were the strong data consumption in emerging Asia and the solid fibre momentum in Norway as well as Sweden. It has been a busy quarter, as we have introduced new and improved mobile offers in several markets, with encouraging customer reception. In Thailand and Malaysia, this supported double-digit postpaid growth, and we are actively working to mitigate the continued intense competition in the prepaid market,’’ says Sigve Brekke, CEO of Telenor Group.
Telenor Sverige subject of investigation by the European Commission
On 25 April 2017, the European Commission has initiated an investigation on the 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 […]
Telenor announces pricing of its offering of 70 million VEON common shares and ADSs
Telenor ASA today announces that the underwriters have priced its offering of 70 million common shares in VEON Ltd. (formerly known as VimpelCom Ltd.) in the form of common shares and American Depositary Shares (ADSs) at a public offering price of USD 3.75 per ADS/share, resulting in net proceeds to Telenor of USD 259 million.
Telenor to sell additional shares in VEON Ltd.
(Fornebu, 6 April 2017) Telenor ASA today announced that it has commenced an offering of 70 million of its common shares in VEON Ltd. (formerly known as VimpelCom Ltd.) in the form of common shares listed in Euronext Amsterdam and American Depository Shares (ADSs) listed on NASDAQ under the ticker “VEON”. Each ADS represents one […]
Telenor Group launches IoT pilot for Norwegian entrepreneurs
Telenor Group today unveils a new experimental Internet of Things (IoT) offering, Telenor Start IoT, in Norway. Available free of charge to Norwegian entrepreneurs and students, the multi-city pilot initiative will support entrepreneurship, boost innovation and new national competence building.
NTNU, Telenor and SINTEF open Norway’s new powerhouse for artificial intelligenceInnovation
Norway’s new powerhouse for artificial intelligence (AI) opens in Trondheim today. The new centre, Telenor-NTNU AI-Lab, will strengthen national competitiveness and add valuable, future-proof competencies to the Norwegian society.
Bharti Airtel to take ownership of Telenor’s operations in IndiaFinancial performance
Telenor ASA has on 23 February 2017 entered into a definitive agreement with Bharti Airtel Limited (Airtel), whereby Airtel will take full ownership of Telenor India.
Telenor Capital Markets Day 2017Financial performance
Today, Telenor hosts its Capital Markets Day 2017 at Fornebu, Norway. The presentations focus on Telenor’s strategic direction towards 2020, including the company’s financial priorities and ambitions. A key message of the day is that Telenor will prioritize cash flow generation, through efficiency improvements and strict prioritization of resources.
Telenor reports fourth-quarter resultsFinancial performance
“In 2016, Telenor continued to grow revenues and delivered a record high EBITDA. We made significant progress on network deployment during the year, supporting our customers’ increasing data usage. Based on the 2016 results, we are proposing a dividend of NOK 7.80 per share, which represents an increase of four per cent compared to last year.
Telenor Group makes your car smartInnovation
Telenor Group today announced the pilot of Telenor Connect, a new IoT app enabling drivers to keep track of their car, and the establishment of a new Nordic Car Connect Forum with key leading partners.