Sign in

    Christoffer Bjørnsen

    Senior Equity Analyst at DNB ASA

    Christoffer Wang Bjørnsen is a Senior Equity Analyst at DNB Bank ASA, specializing in Nordic technology and IT services sectors. He is known for covering companies such as Atea ASA and has issued actionable investment recommendations, including Buy and Hold ratings, with recent forecasts showing significant price targets and upsides. Bjørnsen began his career in finance with DNB and has developed an expertise in technology equity research, maintaining a role as one of the firm’s primary analysts for top IT and telecom names. His professional credentials include extensive experience in financial analysis and equity research, and he plays a recognized role within DNB Markets’ analyst network.

    Christoffer Bjørnsen's questions to TELENOR (TELNY) leadership

    Christoffer Bjørnsen's questions to TELENOR (TELNY) leadership • Q1 2025

    Question

    Christoffer Bjornsen asked for clarity on the working capital outlook for the rest of the year after a strong Q1. He also questioned if declining fixed broadband subs reflected a strategic choice to limit fiber investment or a bet on future wholesale access.

    Answer

    CFO Torbjorn Wist indicated that the full-year working capital benefit would be lower than in the prior year, with some of the Q1 gains expected to reverse in Q2. CEO Benedicte Fasmer reiterated a cautious investment approach for long-term profitability and stated they would assess the impact of any regulatory changes in Norway as they materialize.

    Ask Fintool Equity Research AI

    Christoffer Bjørnsen's questions to TELENOR (TELNY) leadership • Q3 2024

    Question

    Christoffer Bjørnsen asked for insights into the fixed broadband market in Norway, particularly regarding competitive dynamics, investment strategy for Coax versus fiber, and the impact of recent subscriber trends. He also questioned the outlook for True Corporation in Thailand, focusing on its debt levels and future dividend capacity.

    Answer

    CEO Sigve Brekke addressed the Norwegian fixed market, highlighting upcoming regulatory changes that could provide wholesale access to competitor fiber networks. He stated Telenor is focusing fiber builds in less competitive areas and sees opportunities to grow ARPU through upselling and value-added services. Acting CFO Kasper Kaarboe added that while the approach is value-driven, CapEx in fixed will remain meaningful. Regarding True, Kaarboe noted its leverage is declining faster than expected and confirmed the company has retained earnings, suggesting dividend capacity is not limited by reported net profit.

    Ask Fintool Equity Research AI