Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Norway
  4. Oslo Bors
  5. Telenor ASA
  6. News
  7. Summary
    TEL   NO0010063308

TELENOR ASA

(TEL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Telenor : subscriber base takes hit from Asian virus outbreaks

07/16/2020 | 03:31am EDT
FILE PHOTO: Telenor's logo is seen in central Belgrade

Telenor reported solid growth in quarterly earnings on Thursday, but the Norwegian telecoms operator cut its forecast for the full year, saying uncontrolled coronavirus outbreaks in Bangladesh and Pakistan had dented its subscriber base.

Telenor reported solid growth in quarterly earnings on Thursday, but the Norwegian telecoms operator cut its forecast for the full year, saying uncontrolled coronavirus outbreaks in Bangladesh and Pakistan had dented its subscriber base.

The Oslo-headquartered firm, active in nine countries across Europe and Asia, said the base fell by 3.2 million to 182 million between April and June, with declines in prepaid contracts in Asia particularly sharp.

It said it expected a single-digit decline in both the base and traffic revenue in 2020.

The overall impact of the pandemic on first half earnings was around 1 billion crowns (£85.21 million), with Asia - notably Pakistan and Bangladesh - accounting for 80% of that, Chief Executive Sigve Brekke told the results presentation.

"In those two markets the spread of the virus is out of control, as we see it, and it's unclear when the markets could be reopened," he said.

Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for April-June rose 19% to 14.33 billion Norwegian crowns, beating the 13.77 billion average of analysts in a Refinitiv poll.

Excluding acquisitions, EBITDA rose 1%, it said, cutting its full year forecast for that measure to flat from a rise of 2-4%.

Telenor shares fell 4.5% at the opening, and were down 3.3% by 0845 GMT.

Overall, operational costs were reduced by 12% year-on-year, offsetting the 4% decline in organic subscription and traffic revenue.

Brekke said the company planned to focus on three growth areas: new additional services in the Nordics, development of 5G wireless networks, and data services in Asia, Brekke said.

($1 = 9.3120 Norwegian crowns)

($1 = 9.3101 Norwegian crowns)

(Reporting by Nerijus Adomaitis, Editing by Sherry Jacob-Phillips and John Stonestreet)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
NORWAY OSLO BORS BENCHMARK(TRG) 0.05% 1128.6 Real-time Quote.16.26%
TELENOR ASA 0.38% 145.8 Real-time Quote.-0.45%
All news about TELENOR ASA
06/15TELENORá : Mobility data can help prepare Thailand for next dengue outbreak
AQ
06/15TELENORá : Axiata Poised to Reach Deal to Merge Malaysian Operations
MT
06/15Axiata says Malaysian merger with Telenor to be sealed within days
RE
06/15Malaysia's axiata group says could sign definitive merger agreement with norw..
RE
06/15Malaysia's axiata group says hopeful to sign agreement on merger with norway'..
RE
06/15Malaysia's axiata group says shareholders upbeat about proposed merger with n..
RE
06/15Malaysia's axiata group says concluded due diligence process in merger talks ..
RE
06/01TELENORá : Kaaren Hilsen to head Telenor's new tower company
AQ
06/01TELENORá : Kaaren Hilsen to head Telenor's new tower company
AQ
06/01Telenor Appoints Kaaren Hilsen as CEO of Its New Tower Company
DJ
More news
Financials
Sales 2021 117 B 13 830 M 13 830 M
Net income 2021 8 877 M 1 047 M 1 047 M
Net Debt 2021 107 B 12 649 M 12 649 M
P/E ratio 2021 25,8x
Yield 2021 6,28%
Capitalization 204 B 24 385 M 24 076 M
EV / Sales 2021 2,66x
EV / Sales 2022 2,57x
Nbr of Employees 18 000
Free-Float 46,0%
Chart TELENOR ASA
Duration : Period :
Telenor ASA Technical Analysis Chart | TEL | NO0010063308 | MarketScreener
Technical analysis trends TELENOR ASA
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 163,00 NOK
Last Close Price 145,80 NOK
Spread / Highest target 33,7%
Spread / Average Target 11,8%
Spread / Lowest Target -5,35%
EPS Revisions
Managers and Directors
NameTitle
Sigve Brekke President & Chief Executive Officer
Tone Hegland Bachke Chief Financial Officer
Gunn WŠrsted Chairman
Ruza Sabanovic Executive VP, Head-Technologies & Services
Jon Erik Reinhardsen Director
Sector and Competitors
1st jan.Capitalization (M$)
TELENOR ASA-0.45%24 384
AT&T INC.1.81%209 059
T-MOBILE US8.03%181 642
SOFTBANK GROUP CORP.-0.61%125 096
KDDI CORPORATION17.58%73 862
AMÉRICA MÓVIL, S.A.B. DE C.V.9.18%52 103