reports
- ABGSC Consumer Goods Research
- Benjamin Wahlstedt
- Fredrik Ivarsson
- Jan Frederik Slijkerman
Telenor expands fibre network/The acquisition in Norway doesn't come c...
This morning, Telenor[de] announced the acquisition of GlobalConnect's consumer business, including the fibre network. We think this transaction marks a small positive for Telenor as it gains market leadership in the fixed broadband market, despite the relatively full acquisition price. We remain constructive on the Telenor credit profile, although the notes of Telenor trade around fair value in our view.
- Russell Waller
Telenor (Buy, TP: NOK182, +17%) How much is a mature fibre asset wort...
Telenor has announced that it has agreed to buy GlobalConnect's (GC) Consumer Business in Norway. Not that many mature fibre assts have been sold in Europe, and so this deal is interesting on quite a few levels: for those thinking about what FastFiber in Portugal is worth or what Virgin Media might sell a stake in NetCo for, or what price Zegona/MasOrange might achieve in Spain, then this deal has relevance
- ABGSC Telecom Operators Research
- Herman Caspersen
- Oscar Rönnkvist
- Øystein Elton Lodgaard
- Bendik Fougner Engebretsen
Telenor Acquires GlobalConnect's Consumer Business in Norway
Telenor Acquires GlobalConnect's Consumer Business in Norway (Fornebu, Norway – 8 July 2025) Telenor announces the acquisition of GlobalConnect’s consumer business in Norway in a transaction valued at NOK 6.0 billion. The deal marks a significant strategic step in strengthening Telenor’s position in the Norwegian fibre market. “This marks a strategic step forward – for our customers and for Telenor. By integrating the consumer part of GlobalConnect’s fibre network into our own, we will extend our reliable and high-performing services to even more households across the country,” says Benedi...
Telenor kjøper GlobalConnects fibervirksomhet for privatmarkedet i Nor...
Telenor kjøper GlobalConnects fibervirksomhet for privatmarkedet i Norge (Fornebu, 8. juli 2025) Telenor kunngjør i dag oppkjøpet av GlobalConnects fibervirksomhet for privatkunder i Norge, i en transaksjon verdsatt til 6,0 milliarder kroner. Oppkjøpet markerer et viktig strategisk steg for å styrke Telenors posisjon i det norske fibermarkedet. – Dette markerer et strategisk steg fremover, for Telenor og for kundene våre. Ved å integrere privatkundedelen av GlobalConnects fibervirksomhet i vår egen, vil vi kunne levere enda bedre og mer pålitelige tjenester til flere husstander over hele l...
- ABGSC Metals & Mining Research
- Bengt Jonassen
- Martin Melbye
Telenor Group’s results invitation for the 2nd quarter 2025
Telenor Group’s results invitation for the 2nd quarter 2025 Join us for Telenor Group’s results for the 2nd quarter 2025The presentation will be held at 0900 CET / 0800 UK Join us for Telenor Group’s results for the second quarter 2025 When: Friday 18 July, 0900 CET / 0800 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: A separate press meeting will be held at 10.30 CET in the coffee area in Telenor Expo, Snarøyveien 30, Fornebu. The media session wil...
Invitasjon til Telenors resultatfremleggelse for andre kvartal 2025
Invitasjon til Telenors resultatfremleggelse for andre kvartal 2025 Telenor legger frem resultater for andre kvartal 2025 Når: Fredag 18. juli kl 9.00 For å se webcast, uten å stille spørsmål, bruk denne linken: eller besøk Telenor.com/investors. 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 kl 10.30 i kaffeområdet i Telenor Expo, som ligger i Snarøyveien 30E, 1360 Fornebu. For mer informasjon, vennligst sen...
- ABGSC Telecom Operators Research
- Herman Caspersen
- Oscar Rönnkvist
- Øystein Elton Lodgaard
- ABGSC Telecom Operators Research
- Oscar Rönnkvist
- Øystein Elton Lodgaard
- Simon Granath
- ABGSC Strategy Research
- Bengt Jonassen
- ABGSC Telecom Equipment Research
- Oscar Rönnkvist
- Simon Granath
Telenor ASA: 1 director
A director at Telenor ASA bought 3,247 shares at 154.000NOK and the significance rating of the trade was 69/100. 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 clearly s...
- ABGSC Telecom Operators Research
- Herman Caspersen
- Oscar Rönnkvist
- Øystein Elton Lodgaard
- Christoffer Wang Bjørnsen
Telenor (Sell, TP: NOK142.00) - Mixed set of results
While Telenor reported decent Q1 headline results adjusted for a one-off VAT provision in Norway, slightly above consensus and our estimates, the FCF beat was seemingly driven by lower-quality transitory tailwinds, leaving us still uncertain about its ability to cover its dividends with underlying FCF before M&A this year and in 2026. Thus, given our view of a stretched company and sector valuation, we reiterate our SELL, while we have raised our target price to NOK142 (140).
- ABGSC Telecom Operators Research
- Herman Caspersen
- Oscar Rönnkvist
- Øystein Elton Lodgaard
Husqvarna AB: 2 directors
Two Directors at Husqvarna AB bought 1,104,792 shares at between 44.920SEK and 45.175SEK. The significance rating of the trade was 100/100. 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 t...
- Chris Hoare
Telenor (Buy, TP: NOK 183, +17%) Q1 25: Strong results support contin...
Telenor has reported a good set of Q1 numbers, with SR c0.5% ahead of consensus and EBITDA in line; 2025 guidance was re-iterated, which is now in line with consensus expectations, but we think this could be raised later in the year if the further OpEx efficiencies management are expecting are realised.
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