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MarketScreener Homepage  >  Equities  >  Oslo Bors  >  Telenor    TEL   NO0010063308

TELENOR (TEL)
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Telenor : Lars-Åke Norling to step down as Chief Executive Officer of dtac

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03/14/2018 | 02:46am CEST

(Bangkok, 14 March 2018) Telenor's subsidiary in Thailand, Total Access Communication PLC (dtac), today announced that its CEO Lars-Åke Norling has decided to leave the company to pursue new opportunities. dtac has initiated the process of appointing a new CEO.

Lars-Åke Norling will remain in his current role until September 1, 2018, or until a successor has been appointed.

"I want to thank Lars-Åke for his many contributions to Telenor Group, both in his role as CEO of dtac and as part of the Group Executive Management team. Under his leadership, dtac has consolidated its leading position on 4G and innovation in Thailand, and I am certain the team is well equipped to continue on the current strong trajectory. I wish Lars-Åke all the best in his future role," said Sigve Brekke, CEO of Telenor Group.

Effective immediately, Lars-Åke Norling will step down from Telenor Group Executive Management, including the role as Cluster Head for Developed Asia.

For more information, please contact:

Marcus Adaktusson
VP Telenor Group Communications
(+65) 9879 5730
Marcus.adaktusson@telenor.com





This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Telenor via Globenewswire

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Financials (NOK)
Sales 2018 112 B
EBIT 2018 25 361 M
Net income 2018 16 150 M
Debt 2018 41 668 M
Yield 2018 5,80%
P/E ratio 2018 15,00
P/E ratio 2019 15,48
EV / Sales 2018 2,54x
EV / Sales 2019 2,53x
Capitalization 242 B
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Mean consensus HOLD
Number of Analysts 22
Average target price 172  NOK
Spread / Average Target 4,5%
EPS Revisions
Managers
NameTitle
Sigve Brekke President & Chief Executive Officer
Gunn Wærsted Chairman
Jørgen Christian Rostrup Chief Financial Officer & Executive Vice President
Ruza Sabanovic Executive VP, Head-Technologies & Services
Harald Stavn Director
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