reports
- ABGSC Telecom Operators Research
- Oscar Rönnkvist
- Øystein Elton Lodgaard
- Simon Granath
- ABGSC Telecom Operators Research
- Oscar Rönnkvist
- Øystein Elton Lodgaard
- Simon Granath
- ABGSC Telecom Operators Research
- Oscar Rönnkvist
- Øystein Elton Lodgaard
- Simon Granath
- ABGSC Telecom Operators Research
- Oscar Rönnkvist
- Øystein Elton Lodgaard
- Simon Granath
- ABGSC Telecom Operators Research
- Herman Caspersen
- Oscar Rönnkvist
- Øystein Elton Lodgaard
- Jan Frederik Slijkerman
TMT hybrids offer good value/Look for quality in the belly of the curv...
In this report we evaluate spreads in the TMT hybrids space. As the credit space still looks relatively well bid, TMT hybrid yields offer an attractive opportunity with yields above 3.5%. Higher quality TMT hybrids or lower duration TMT hybrids look most attractive from a relative value standpoint, such as the Telia, Orange and KPN hybrids. The risk/return perspective of the Infineon hybrid note looks unattractive.
- Jan Frederik Slijkerman
A-rated TMT credit investments/Better credits at similar spreads
This report updates credit investors on opportunities in the single-A TMT space. We argue that the notes of Relx, Swisscom, and ASML look attractive. The notes of SAP and Telenor look to trade at fair value. We provide a summary of our general findings, followed by company descriptions.
Jottacloud and Telenor Software Lab Merge to Build a Strong Norwegian ...
Jottacloud and Telenor Software Lab Merge to Build a Strong Norwegian Challenger in Cloud Storage Oslo, March 19, 2025 – Growing geopolitical tensions have driven European consumers to seek alternatives to international technology services. Today, Telenor and Jotta announce the merger of their cloud storage businesses, forming an all-Norwegian alternative to global players. “Most of us store our private photos on the cloud, and many are now questioning the security of data stored abroad. By merging the Norwegian cloud storage companies Jotta AS and Telenor Software Lab, we are creating a ...
Jottacloud og Telenors Min Sky slås sammen og skaper en solid utfordre...
Jottacloud og Telenors Min Sky slås sammen og skaper en solid utfordrer innen skylagring Oslo, 19. mars 2025 – Økt geopolitisk spenning har ført til at flere europeiske forbrukere søker alternativer til globale teknologitjenester. Nå slår Telenor og Jotta sammen sine skylagringsselskaper og etablerer et helnorsk alternativ til de internasjonale markedsaktørene. - De fleste av oss lagrer private bilder i skyen, og mange begynner nå å stille spørsmål ved sikkerheten til data som lagres i utlandet. Ved å slå sammen de norske skylagringsselskapene Jotta AS og Telenor Software Lab etablerer vi ...
- ABGSC Telecom Operators Research
- Herman Caspersen
- Oscar Rönnkvist
- Øystein Elton Lodgaard
- ABGSC Telecom Operators Research
- Oscar Rönnkvist
- Øystein Elton Lodgaard
- Simon Granath
- Christoffer Wang Bjørnsen
Telenor (Hold, TP: NOK140.00) - Upgrade to HOLD
While Telenor reported decent Q4 results, and the new management issued clear communication on near-term priorities in terms of FCF, we see a risk the guided dividend-covering FCF before M&A for 2025 is somewhat reliant on lower-quality tailwinds related to working capital and taxes. However, we have upgraded to HOLD (SELL) and raised our target price to NOK140 (125), seeing few near-term downside catalysts and being in line with consensus on 2025–2026e FCF before M&A post-estimate revisions.
- Jan Frederik Slijkerman
- Jeroen van den Broek
- Jesse Norcross
- Nadège Tillier
- Timothy Rahill
- ABGSC Telecom Operators Research
- Oscar Rönnkvist
- Øystein Elton Lodgaard
- Simon Granath
Elisa Oyj: 1 director
A director at Elisa Oyj sold 20,000 shares at 41.546EUR and the significance rating of the trade was 95/100. 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 showi...
Telenor ASA: 1 director
A director at Telenor ASA maiden bought 3,500 shares at 140.700NOK 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...
- Jan Frederik Slijkerman
- Jeroen van den Broek
- Jesse Norcross
- Nadège Tillier
- Timothy Rahill
- Russell Waller
- ABGSC Telecom Operators Research
- Herman Caspersen
- Oscar Rönnkvist
- Øystein Elton Lodgaard
Solid 2024, on the right track for 2025
Solid 2024, on the right track for 2025 Telenor Group delivered solid results in the fourth quarter, and a stronger cash flow than previously indicated. Telenor's strategic direction remains firm, with continued growth and transformation efforts, combined with reduced capital expenditure in 2025. The Board of Directors of Telenor proposes a dividend of NOK 9.60 per share for 2024. Fourth quarter and full year 2024 highlights: Nordic mobile service revenues grew 4.6 per cent for the full year, and total service revenues grew 3.6 per cent to NOK 44.7 billion EBITDA before ot...
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