Business description: Telenor ASA

Telenor ASA is the No. 1 telecommunications group in Norway. Net sales (including intragroup) break down by activity as follows:

- mobile and fixed-line telecommunications services (89.8%): mobile and fixed-line telephony services, voice and data transmission, Internet access, messaging, TV channel broadcasting, sale of telecommunications equipment, etc.;

- telecommunications infrastructure management (4.1%): construction, development and leasing of towers, masts, buildings, etc.;

- other (6.1%): offshore telecommunications services, interconnection between operators, etc.

Net sales are geographically distributed as follows: Norway (34.7%), Sweden (18.6%), Bangladesh (17.4%), Finland (17.3%), Denmark (8.2%) and other (3.8%).

Number of employees: 9,819

Sales by Activity: Telenor ASA

Fiscal Period: December 2021 (NOK) 2022 (NOK) 2023 (NOK) 2024 (NOK) 2025 (NOK)

Nordics

- - 5.63TCr 5.66TCr 5.93TCr

Infrastructure

- - 339.9Cr 328.2Cr 331.8Cr

Norway

2.54TCr 2.54TCr - - -

Asia

- - 2.02TCr 2.02TCr 1.37TCr

Other

751.8Cr 906.1Cr 147.4Cr 170.5Cr 147.6Cr

Finland

971.2Cr 1.01TCr - - -

Sweden

1.21TCr 1.17TCr - - -

Denmark

534.6Cr 551Cr - - -

Pakistan

560.4Cr 518.8Cr - - -

Bangladesh

1.45TCr 1.55TCr - - -

DTAC - Thailand

2.19TCr 2.21TCr - - -

DIGI - Malaysia

1.31TCr - - - -

Amp

- - 473.4Cr 349.5Cr 351.7Cr

Eliminations

-488.7Cr -560.6Cr -567.5Cr -534.1Cr -482.9Cr

Geographical breakdown of sales: Telenor ASA

Fiscal Period: December 2021 (NOK) 2022 (NOK) 2023 (NOK) 2024 (NOK) 2025 (NOK)

Norway

2.57TCr 2.58TCr 2.54TCr 2.51TCr 2.66TCr

Sweden

1.28TCr 1.28TCr 1.38TCr 1.37TCr 1.42TCr

Bangladesh

1.44TCr 1.54TCr 1.53TCr 1.5TCr 1.33TCr

Finland

952.8Cr 994Cr 1.2TCr 1.26TCr 1.32TCr

Denmark

542.2Cr 556.3Cr 618.7Cr 594.2Cr 627.9Cr

Other

203.7Cr 251.3Cr 376.5Cr 325.8Cr 291.5Cr

Pakistan

534.3Cr 482.9Cr 407.2Cr 445.7Cr -

Malaysia

1.32TCr - - - -

Thailand

2.19TCr 2.21TCr - - -

Executive Committee: Telenor ASA

Manager TitleAgeSince
Chief Executive Officer 61 01/12/2024
Director of Finance/CFO 58 01/02/2025
Chief Tech/Sci/R&D Officer - 25/11/2024
Chief Tech/Sci/R&D Officer - 02/11/2022
Chief Tech/Sci/R&D Officer - 01/11/2022

Composition of the Board of Directors: Telenor ASA

Director TitleAgeSince
Director/Board Member 67 11/05/2020
Director/Board Member 62 27/05/2021
Chairman 65 10/05/2023
Director/Board Member 59 10/05/2023
Director/Board Member 61 10/05/2023
Director/Board Member 66 10/05/2023
Director/Board Member - 07/05/2024
Director/Board Member - 21/05/2025
Director/Board Member 64 21/05/2025
Director/Board Member 60 19/06/2017

Shareholders: Telenor ASA

NameStocks%Valuation
Government of Norway
53.97 %
73,84,32,900 53.97 % 12 082 M kr
Folketrygdfondet
4.918 %
6,72,96,911 4.918 % 1 101 M kr
Nordea Funds Ltd.
0.6486 %
88,74,912 0.6486 % 145 M kr
Arrowstreet Capital LP
0.6464 %
88,44,474 0.6464 % 145 M kr
Deka Investment GmbH
0.6171 %
84,44,638 0.6171 % 138 M kr
NameStocks%Valuation
RhumbLine Advisers LP
0.001962 %
26,846 0.001962 % 439 227 kr
Parvin Fund Management LLC
0.001096 %
15,000 0.001096 % 245 415 kr
Yousif Capital Management LLC
0.00094 %
12,865 0.00094 % 210 484 kr
GAMMA Investing LLC
0.000676 %
9,256 0.000676 % 151 437 kr
Paradigm Asset Management Co. LLC
0.000275 %
3,763 0.000275 % 61 566 kr

Holdings: Telenor ASA

NameStocks%Valuation
10,46,93,77,55130.3% 4 439 M $
3,88,31,29,14433.1% 2 987 M $
75,34,08,15455.8% 1 479 M $
94,7690.01% 2 M $

Company details: Telenor ASA

Telenor ASA

Snarøyveien 30

1360, Fornebu

+47 81 07 70 00

http://www.telenor.no/
address Telenor ASA(TEL)

Group companies: Telenor ASA

NameCategory and Sector
Wireless Telecommunications
Cable/Satellite TV
Specialty Telecommunications
Telenor South East Asia Investment Pte Ltd.
Major Telecommunications

Other Wireless Telecommunications Services

Change 5-day change 1-year change 3-year change Capi.($)
+0.42%+1.83%-7.36%+37.25% 2.03TCr
-4.51%-10.31% - - 1,91400Cr
+10.65%+3.26%+140.60%+277.43% 22TCr
+3.38%+5.68%-17.63%+33.99% 20TCr
+1.77%+2.67%-21.65%+38.74% 15TCr
-0.52%+3.26%+15.14%+31.57% 6.58TCr
+12.62%+11.55%+36.87%+54.98% 3.4TCr
-1.32%-0.53%+30.42%+72.69% 3.33TCr
+0.79%+3.56%-29.82%+22.84% 2.5TCr
+1.71%-0.12%+10.07%+33.59% 1.81TCr
Average +2.50%+1.79%+17.41%+67.01% 26.85TCr
Weighted average by Cap. -1.82%-6.49%+35.53%+107.96%
Trader
Investor
Global
Quality
ESG MSCI
AAA
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
20
Last Close Price
144.80NOK
Average target price
166.05NOK
Spread / Average Target
+14.68%

Quarterly revenue - Rate of surprise