Latest news with #Telenor
Business Insider
4 days ago
- Business
- Business Insider
Kepler Capital Keeps Their Hold Rating on Telenor (0G8C)
Kepler Capital analyst Kristoffer Carleskar maintained a Hold rating on Telenor on July 18 and set a price target of NOK162.00. The company's shares closed last Friday at NOK161.50. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Carleskar covers the Communication Services sector, focusing on stocks such as Tele2 AB, Telenor, and Telia Company AB. According to TipRanks, Carleskar has an average return of 1.8% and a 69.23% success rate on recommended stocks. The word on The Street in general, suggests a Hold analyst consensus rating for Telenor with a NOK156.00 average price target. Based on Telenor's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of NOK19.71 billion and a net profit of NOK2.19 billion. In comparison, last year the company earned a revenue of NOK19.46 billion and had a net profit of NOK11.56 billion
Time of India
6 days ago
- Business
- Time of India
Norway's Telenor beats Q2 earnings expectations
Norwegian telecom operator Telenor reported second-quarter earnings that were above analysts' expectations on Friday, benefiting from a strong performance in the Nordics. Telenor's earnings before interest, tax, depreciation and amortisation (EBITDA) before other items rose to 9.32 billion Norwegian crowns ($907.21 million) in the second quarter, from 8.79 billion a year earlier. Analysts, on average, had expected billion 8.91 crowns in a company-compiled poll. The company hiked its Nordic full-year adjusted EBITDA outlook to high single-digit organic growth from a previous mid single-digit forecast. For 2025, Telenor expects mid single-digit organic growth in adjusted EBITDA, raised from a previous low-to-mid single-digit forecast.
Business Upturn
6 days ago
- Business
- Business Upturn
Strong tailwind for Telenor in Q2
(Fornebu, Norway – 18 July 2025) Telenor Group delivers very strong results in the second quarter of 2025, triggering a raised EBITDA outlook for both the Nordics and Group. At the same time the company solidifies its position in the Nordic fibre market with a NOK 1.4 billion multi-year investment in Finland and the recently announced NOK 6 billion acquisition of GlobalConnect's consumer business in Norway. Second-quarter highlights: Service revenues of NOK 16.5 billion. Adjusted EBITDA of NOK 9.3 billion. Free cash flow before M&A of NOK 1.6 billion. During the second quarter, Telenor delivered year-over-year organic growth of 2.9 per cent in service revenues and 8.3 per cent growth in EBITDA. The main driver for the strong performance was Telenor Nordics, with 12.5 per cent organic growth in adjusted EBITDA. 'I am very pleased with our Nordic performance this quarter, which is the result of our employees' hard work and dedication to deliver the best and most secure network to our customers, as well as attractive add-on services. Based on the strong performance in the first half, we have raised our EBITDA growth outlook for 2025,' says CEO Benedicte Schilbred Fasmer. For the first half of 2025, Telenor Group delivered adjusted EBITDA of NOK 18.0 billion and a free cash flow before M&A of NOK 4.6 billion. Norway takes the lead this quarter In the Nordics, Telenor delivered 3.7 per cent organic growth in service revenues in the quarter. 'The performance in the Nordics was excellent this quarter. Our strategy to deliver more value for money with superior coverage, security products and cloud storage, continues to positively impact performance in all markets,' says Fasmer. Telenor Norway exceeded expectations, delivering growth in service revenues of 3.7 per cent and an adjusted EBITDA increase of 16.1 per cent. In addition to service revenue growth in Norway, revenues from the national roaming agreement with Lyse Tele (ice) contributed positively. In June, Hydro signed an eight-year agreement with Telenor for the delivery of mobile network as a service, covering both indoor and outdoor mobile coverage, for six aluminum plants in Norway. Telenor will provide mobile coverage, in addition to other bespoke services such as Secure Cloud Connect and IoT subscriptions. Telenor Pakistan delivered yet another quarter with strong service revenue growth of 15.0 per cent, while Grameenphone showed good execution, both commercially and in terms of cost efficiency despite the continued challenging market situation in Bangladesh. Significant investments in fibre Today Telenor announced the plan to upgrade DNA's market-leading fixed broadband infrastructure to become an all-fibre network for housing association customers in Finland by 2028. The investment of around NOK 1.4 billion (EUR 120 million) will be part of Telenor's capex over the next three years. Last week Telenor announced the acquisition of GlobalConnect's consumer business in Norway in a transaction valued at NOK 6.0 billion. The GlobalConnect acquisition includes fibre infrastructure as well as approximately 140,000 fibre customers. 'These two important investments will strengthen Telenor's foundation as a leading digital infrastructure provider in the Nordic, offering world-class speedy and secure connections to our customers,' says Fasmer. These transactions will create synergies with existing operations and build long-term, robust scale and better customer experiences across the telecom market. Financial outlook for 2025: Low single-digit organic growth in Nordic service revenues. High-single-digit organic growth in adjusted EBITDA in the Nordics (increased from mid-single-digit). For the Nordic business, capex excl. leases are expected to account for around 14 per cent of revenues. Mid-single-digit organic growth in the Group's EBITDA (increased from low-to-mid-single-digit). Free cash flow before M&A of around NOK 13 billion. For further information, please contact: Thomas Midteide, Chief Communications Officer, mobile +47 96 23 20 17 Frank Maaø, SVP Capital Markets and Investor Relations, mobile +47 91 67 40 45 Attachment TE_Telenor_2025_MG_4107_WEB Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Reuters
7 days ago
- Business
- Reuters
Norway's Telenor beats 2nd quarter earnings expectations
July 18 (Reuters) - Norwegian telecom operator Telenor ( opens new tab reported second-quarter earnings that were above analysts' expectations on Friday, benefiting from a strong performance in the Nordics.
Yahoo
17-07-2025
- Business
- Yahoo
Telenor Announces Sale of its Stake in Allente to Viaplay
Fornebu, Norway – 17 July 2025 – Telenor Group has today signed an agreement to sell its 50% stake in Allente to Viaplay for a total consideration of SEK 1.1 billion. Allente, a joint venture between Telenor and Viaplay, was formed in May 2020 through the merger of Canal Digital and Viasat. Allente is a distributor of premium TV content serving residential subscribers and several business customers across the Nordics. The transaction will not affect customers, who will continue to receive the same high-quality services as before. 'We are proud of what has been accomplished together with Allente and Viaplay over the past five years. As the company enters its next chapter, there is a better fit with Viaplay's strategy than with Telenor's. We're confident the company will be in the right hands going forward,' says Dan Ouchterlony, EVP of Telenor Amp. Since its inception, Allente has consistently delivered high-quality services while delivering synergies from the merger. A total of SEK 4.4 billion in dividends has been distributed to its owners. Based on the expected future development of Allente, the parties have agreed on an enterprise value of SEK 3.1 billion, with a total cash consideration to Telenor of SEK 1.1 billion. 'We have had a mutually beneficial cooperation with Telenor over the years, and we are excited to take full ownership of Allente. Building on the strong foundation we've created together, we look forward to further enhancing Allente's offerings and delivering top-notch entertainment experiences to our customers,' says Jørgen Madsen Lindemann, President & CEO of Viaplay Group. The transaction is expected to close within six to nine months, subject to regulatory approvals in Norway, Sweden, and Denmark. Media contact: Tobias Gausemel Backe, Press contact, Telenor Group+47 975 47 778 | Thomas Midteide, SVP Communications, Telenor Group+47 962 32 017 | in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
