TELENOR (TELNY) Company Report

Analyst Coverage

Research analysts who have asked questions during TELENOR earnings calls.

Adam Fox-Rumley

HSBC Holdings plc

3 questions for TELNY

Andrew Lee

Goldman Sachs

3 questions for TELNY

Also covers: FNCTF, KKPNY, SNRE +2 more

Felix Henriksson

Nordea Bank Abp

3 questions for TELNY

Also covers: ERIC, NOK

Keval Khiroya

Deutsche Bank AG

3 questions for TELNY

Also covers: TEF

ØL

Øystein Lodgaard

ABG Sundal Collier Holding ASA

3 questions for TELNY

Ajay Soni

JPMorgan Chase & Co.

2 questions for TELNY

Also covers: KKPNY

Christoffer Bjørnsen

DNB ASA

2 questions for TELNY

Christoffer Wang Bjørnsen

DNB ASA

2 questions for TELNY

Joshua Mills

BNP Paribas Exane

2 questions for TELNY

Also covers: FNCTF, KKPNY, LBTYA +2 more

Ondrej Cabejšek

UBS Group AG

2 questions for TELNY

Also covers: TEF

Siyi He

Citigroup Inc.

2 questions for TELNY

Ulrich Rathe

Sanford C. Bernstein & Co., LLC

2 questions for TELNY

Also covers: ERIC, LBTYA, NOK

Christoffer Wang Bjørnsen

DNB

1 question for TELNY

Fredrik Lithell

Handelsbanken Capital Markets

1 question for TELNY

Also covers: ERIC, NOK

Jørgen Weidemann

Pareto Securities AS

1 question for TELNY

Maurice Patrick

Barclays Capital

1 question for TELNY

Also covers: IHS, KKPNY, LBTYA +2 more

Ondrej Cabejšek

UBS

1 question for TELNY

Also covers: FNCTF

ØL

Øystein Lodgaard

ABG Sundal Collier

1 question for TELNY

Usman Ghazi

Joh. Berenberg, Gossler & Co. KG

1 question for TELNY

Latest news

Recent press releases and 8-K filings for TELNY.

Telenor Reports Strong 2025 Results, Proposes Dividend, and Announces NOK 15 Billion Share Buyback Programme

TELNY

Earnings

Dividends

Share Buyback

Telenor reported strong financial results for 2025, with full-year adjusted EBITDA of NOK 34.5 billion and free cash flow before M&A of NOK 12.9 billion.
The company is simplifying its portfolio to become more Nordic-centric, highlighted by the planned divestment of its ownership in True Corporation for approximately NOK 39 billion.
The Board proposes a dividend of NOK 9.70 per share for 2025 and announced a three-year share buyback programme of NOK 15 billion.
For 2026, Telenor forecasts low-to-mid-single-digit organic growth in adjusted EBITDA for the Group and free cash flow before M&A of NOK 10-11 billion.

1 day ago

Press Release

Telenor Sells Stake in True Corporation

TELNY

M&A

Telenor has agreed to sell its 24.95% stake in Thailand’s True Corporation to Arise Digital Technology for 39 billion Norwegian kroner (about $3.9 billion) at THB 11.70 per share.
Telenor expects to recognize an accounting gain of about 14.7 billion Norwegian kroner upon completion of the initial sale.
This divestment is part of Telenor's strategy to streamline operations and reduce its Asian exposure, allowing it to focus on its Nordic business.
The deal includes a mutual put/call option for Arise Digital Technology to purchase the remaining 5.35% of True Corporation within two years.
Analysts at Pareto and Ålandsbanken welcomed the sale, suggesting it could narrow the conglomerate/Asia discount and potentially free proceeds for share buybacks or a special dividend.

Jan 22, 2026, 1:18 PM

Bloomberg

Telenor Agrees to Sell True Corporation Stake for Approximately NOK 39 Billion

TELNY

M&A

Telenor has agreed to sell its entire stake in True Corporation for a total value of approximately NOK 39 billion.
The sale to Arise Digital Technology Company Limited involves an initial divestment of 24.95 percent of shares at THB 11.70 per share, with a mutual put/call option for the remaining 5.35 percent after two years.
The initial sale is expected to generate proceeds of approximately NOK 32.3 billion and result in an accounting gain of approximately NOK 14.7 billion for Telenor.
This divestment is part of Telenor's strategy for structural simplification and its goal to evolve into a more Nordic-centric provider, following the recent sale of Telenor Pakistan.

Jan 22, 2026, 6:00 AM

Press Release

Telenor Consolidates IoT Operations to Form Global Powerhouse

TELNY

New Projects/Investments

M&A

Telenor is consolidating its Nordic Internet of Things (IoT) operations under Telenor Connexion to create a unified global IoT powerhouse, aiming to strengthen its market position and accelerate growth.
The company's IoT business generated NOK 1.7 billion in revenue in 2024 and has surpassed 25 million IoT devices in use.
This strategic move involves transferring millions of SIMs and significant recurring revenues to Telenor Connexion, with a vision to be among the top five IoT providers globally (excluding China).
The transition is expected to be completed during January 2026, and will also involve establishing two new legal entities in Finland and Norway.

Nov 13, 2025, 6:00 AM

Press Release

Telenor and Vodafone Announce Strategic Procurement Partnership

TELNY

New Projects/Investments

Telenor Group and Vodafone Group have established a strategic partnership between their global procurement organizations, Telenor Procurement Company and Vodafone Procurement Company.
This collaboration aims to leverage their combined scale and global capabilities, serving over 550 million customers across 23 countries with a joint annual spend exceeding €26 billion (NOK 300 billion).
The partnership is designed to unlock savings, deepen supplier engagement, and strengthen supply chain resilience, underpinned by a shared commitment to responsible and sustainable business practices.