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 PRESS RELEASE

Telenor Group's results invitation for the first quarter 2026

Telenor Group's results invitation for the first quarter 2026 Join us for Telenor Group’s results for the first quarter 2026.  When: Tuesday 28 April 2026, 09.00 CET / 08.00 UKT. To view the webcast, without participating in the live Q&A, please visit: or visit Telenor.com/investors The presentation will be available via Webcast only. For media: Media are invited to attend the presentation of Telenor’s quarterly results at the company’s headquarters. The presentation will be available via webcast and will be followed by one-on-one interviews starting at approximately 10.15 CET at T...

 PRESS RELEASE

Invitasjon til Telenors resultatfremleggelse for første kvartal 2026

Invitasjon til Telenors resultatfremleggelse for første kvartal 2026 Telenor legger frem resultater for første kvartal 2026. Når: Tirsdag 28. april 2026 kl 9.00. For å se webcast, uten å stille spørsmål, bruk denne linken:  eller besøk Telenor.com/investors. Presentasjonen vil kun være tilgjengelig via webcast. For presse: Presse inviteres til å delta på presentasjonen av Telenors kvartalsresultater på hovedkontoret. Presentasjonen vil være tilgjengelig via virtuell direktesending og vil bli etterfulgt av en-til-en-intervjuer fra ca. kl 10.15 på Telenor Expo, som ligger i Snarøyveie...

Telenor ASA: 1 director

A director at Telenor ASA maiden bought 2,500 shares at 165.423NOK and the significance rating of the trade was 54/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cl...

True Corporation Public Company Ltd: 1 director

A director at True Corporation Public Company Ltd bought 800,000 shares at 14.000THB and the significance rating of the trade was 83/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the...

Chris Hoare
  • Chris Hoare

Thai Telcos Q4 25 review: Continued market repair

Thai telcos maintained 3% service revenue growth, with a solid EBITDA performance (+10% YoY), as both Mobile and Broadband ARPU recovers. TRUE’s net additions inflected to positive in Q4 in line with management’s outlook, following May’s network outage.

Chris Hoare
  • Chris Hoare

Global EM Telcos & Towers The impossible dream – NSR GEM Top-10 March...

2025 was such a strong year for EM Telcos with the result that while remaining bullish we thought it was not plausible that 2026 would be as strong. Yet if anything the year has started better than 2025, with our picks up 18% ytd already, and up 113% since the start of 2025.

Chris Hoare
  • Chris Hoare

EM Telcos Pricing power returns; where best; why (some) EM Telcos’ mu...

The resumption of pricing power is one of the key drivers of the rally in EM Telcos and perhaps the area where consensus is most sceptical. In this note we analyse which markets have the greatest potential for sustained pricing power, looking at key issues: affordability and regulatory and competitive structure.

Russell Waller
  • Russell Waller

Telenor (Neutral, TP: NOK 160, -7%) post Q4 25 model update – Impressi...

In this note, we update our model and thoughts following the Q4 results incorporating conference call feedback and compare our new estimates to guidance and consensus.

Russell Waller
  • Russell Waller

Telenor (Neutral, TP: NOK 150, -7%) Q4 25: Good results, new Buyback ...

Telenor has reported a good set of Q4 numbers, issued solid guidance for FY26, and announced a new 7% (over 3 years) buyback, that should help it shrug off the recent negative Telia-ICE RAN sharing news (HERE). We downgraded to Neutral in July (HERE) due to insufficient upside to be Buy, and because we saw better value elsewhere in the sector, and we were worried about dividend cover given rising Asian costs. Selling out of Thailand (HERE) helps repair the B/S and supports sentiment. As things s...

Jan Frederik Slijkerman ... (+5)
  • Jan Frederik Slijkerman
  • Jeroen van den Broek
  • Jesse Norcross
  • Nadège Tillier
  • Timothy Rahill
ABGSC Telecom Operators Research ... (+3)
  • ABGSC Telecom Operators Research
  • Åsne Holsen
  • Øystein Elton Lodgaard
 PRESS RELEASE

Telenor reports strong results and announces NOK 15 billion share buyb...

Telenor reports strong results and announces NOK 15 billion share buyback programme Telenor enters 2026 with strong Nordic growth, a solid financial position, and a simplified portfolio in line with the ambitions presented at the Capital Markets Day. “The results for 2025 show that we are delivering on our promises. We are entering 2026 with a simplified portfolio and strengthened financial capacity. I am very proud of the strong efforts of our employees throughout the year, how we continue to put our customers first every day and develop services that provide greater security and add valu...

 PRESS RELEASE

Telenor rapporterer sterke resultater og kunngjør tilbakekjøpsprogram ...

Telenor rapporterer sterke resultater og kunngjør tilbakekjøpsprogram på 15 milliarder kroner Telenor går inn i 2026 med sterk nordisk vekst, solid finansiell posisjon og en forenklet portefølje, i tråd med ambisjonene fra kapitalmarkedsdagen. – Resultatene for 2025 viser at vi leverer som lovet. Vi går nå inn i 2026 med en forenklet portefølje og solid finansiell slagkraft. Jeg er svært stolt av den sterke innsatsen fra våre medarbeidere gjennom året, hvordan vi hver dag setter kundene først og hvordan vi utvikler tjenester som gir mer trygghet og verdi i hverdagen, sier konsernsjef Bened...

ABGSC Telecom Operators Research ... (+3)
  • ABGSC Telecom Operators Research
  • Herman Caspersen
  • Øystein Elton Lodgaard
Chris Hoare
  • Chris Hoare

Global EM Telcos & Towers – Strong start – NSR GEM Top-10 February ‘26...

Our portfolio of Top Picks has started 2026 strongly, up 6% ytd already. This month we make no changes to our top picks. This note also includes key news & other thoughts, to try to help investors generate alpha within the EM Telco space.

 PRESS RELEASE

Telenor Group's results invitation for the fourth quarter 2025

Telenor Group's results invitation for the fourth quarter 2025 Join us for Telenor Group’s results for the fourth quarter 2025.When: Friday 6 February 2026, 09.00 CET / 08.00 UKT. The presentation will be held by Group CFO Torbjørn Wist, in the temporary absence of Group CEO Benedicte Schilbred Fasmer, due to a planned operation and a short-term sick leave. To view the webcast, without participating in the live Q&A, please visit: /investors/reports-and-information/quarterly/telenor-groups-results-for-the-4th-quarter-2025/ or visit Telenor.com/investors The presentation will be availab...

 PRESS RELEASE

Invitasjon til Telenors resultatfremleggelse for fjerde kvartal 2025

Invitasjon til Telenors resultatfremleggelse for fjerde kvartal 2025 Telenor legger frem resultater for fjerde kvartal 2025. Når: Fredag 6. februar 2026 kl 9.00. Presentasjonen vil holdes av finansdirektør Torbjørn Wist, under et midlertidig fravær av konsernsjef Benedicte Schilbred Fasmer som følge av en planlagt operasjon og en kortvarig sykemelding. For å se webcast, uten å stille spørsmål, bruk denne linken: /investors/reports-and-information/quarterly/telenor-groups-results-for-the-4th-quarter-2025/ eller besøk Telenor.com/investors. Presentasjonen vil kun være til...

Jan Frederik Slijkerman ... (+5)
  • Jan Frederik Slijkerman
  • Jeroen van den Broek
  • Jesse Norcross
  • Nadège Tillier
  • Timothy Rahill

Coffee, Croissants & Credit/Kinder Morgan, Telenor, Orange

Kinder Morgan posts strong 4Q25 / Telenor sells its stake in True / French operators discuss an M&A transaction with Altice France

Russell Waller
  • Russell Waller

Telenor (Neutral, TP: NOK150, +2%) Telenor – exit from Thailand – wha...

Telenor has announced a sale of its stake in TRUE for THB 11.7/share, a 4% discount to the market price. In this brief note we discuss implications for Telenor, including the likelihood of cash returns and/or M&A.

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