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    Usman GhaziBerenberg Bank

    Usman Ghazi's questions to Telenor ASA (TELNY) leadership

    Usman Ghazi's questions to Telenor ASA (TELNY) leadership • Q3 2024

    Question

    Usman Ghazi asked whether the strategic ambition of an Asian portfolio carve-out is shared by the incoming management team. He also inquired if Telenor is positioning for potential M&A in the Swedish fixed market, similar to the evolving situation in Norway.

    Answer

    CEO Sigve Brekke described the Asian structural process as "unconcluded" rather than unfinished, stating he assumes the new management will continue to pursue it as it is value accretive. He also confirmed that Telenor views potential regulatory changes in the Swedish fixed market as a positive upside opportunity for the company.

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