Telenor reports strong results and solid cash flow in second quarter 2017
“We deliver a strong set of results for the second quarter with improved revenue growth, double-digit EBITDA uplift and strong cash flow generation. Both the EBITDA and the EBITDA margin are all-time high this quarter. We were able to reduce our costs by NOK 0.6 billion and we saw margin expansion in all our business units. The robustness of our Norwegian operation, the strong revenue growth in Bangladesh and the return to growth in Thailand were amongst the highlights for the quarter.
Telenor Group survey: Asia’s millennials point to artificial intelligence as possible gateway to achieving peace
New digital survey reveals surprising attitudes among Asian youth, including views on how best to empower youth leaders and the role of technology in supporting social causes and promoting Peace. Telenor Group today released the findings of its regional online survey that assessed the attitudes of Asia’s millennials towards technology and social impact, as well […]
Telenor’s Thai subsidiary dtac selected preferred partner on TOT’s 2300 MHz spectrum
Thailand’s state enterprise TOT has today announced that Telenor’s Thai subsidiary dtac has been selected as the preferred partner for 4G services on TOT’s 2300 MHz spectrum.
Telenor monetizes its online classifieds investment in Latam – strengthens ownership in AsiaProducts and Services
Telenor ASA has on 11 May 2017 entered into an agreement with Schibsted ASA regarding its joint ventures within online classifieds, whereby Telenor exits the Latin American joint venture (SnT) and acquires Schibsted’s stake in the joint ventures in Malaysia, Vietnam, and Myanmar (701 Search). Net proceeds to Telenor from the transaction with Schibsted will be USD 406 million (approx. NOK 3.4 billion).
New members of the Board of Directors of Telenor ASA
The Corporate Assembly has elected Grethe Viksaas and Jørgen Kildahl as new members of the Board of Directors of Telenor ASA. The new directors will succeed Siri Beate Hatlen, Ashok Vaswani, Regi Aalstad and Dag Opedal, who has been relieved of their duties.
Are you the next delegate for the Telenor Youth Forum 2017?Innovation
Calling all social-minded, tech savvy millennials! We are now recruiting for the fifth Telenor Youth Forum, a year-long program which takes participants to Oslo and Bangkok, and which will challenge what you know and how you make an impact on the world. Selected applicants will also attend 2017 Nobel Peace Prize festivities in Oslo.
Michael Foley appointed CEO of Grameenphone
The Grameenphone Board of Directors has appointed Mr. Michael Foley as the company’s Chief Executive Officer (CEO), effective from 26 May, 2017.
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.