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


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Telenor : Norway's Telenor raises annual outlook as Asian markets expand

07/20/2021 | 01:41am EDT

* Earnings behind estimates, but company raises outlook

* Telenor adds 1.6 million customers in Pakistan, Bangladesh

* Shares rise as much as 4%

STOCKHOLM/OSLO, July 20 (Reuters) - Telenor raised its full-year revenue outlook on Tuesday as the Norwegian telecoms operator expects Asian markets to gradually recover from the effects of the pandemic in the second half of the year, sending its shares up 4%.

The company also saw growth in subscribers in countries such as Bangladesh and Pakistan as more people turned to mobile devices during the pandemic. However, currency headwinds led to the company posting weaker-than-expected quarterly earnings.

Telenor added 1.3 million customers in Bangladesh and 300,000 users in Pakistan, dwarfing 37,000 new additions in Sweden, Finland and Denmark.

"A lot of these customers are coming to data use for the first time and in markets like Pakistan and Bangladesh still only 50% of the customers are using data," CEO Sigve Brekke said in an interview.

"In our Asian markets our data revenue has increased 20% over that the last one and half years and this is because people now are really starting to use data," he said.

The company, which plans to sell its Myanmar telecom assets, now expects organic subscription and traffic revenue growth of 0-1% and organic EBITDA growth of 0-2%, up from a previous forecast of maintaining the 2020 level. Telenor kept its forecast for the capex-to-sales ratio unchanged at 15-16%.

Telenor, which serves 170 million customers in nine countries across Europe and Asia, wrote off the value of its Myanmar operations earlier this year following a military coup, and the business is now excluded from its reporting.

Citing difficulties of operating under the military junta, Telenor in July agreed to sell its business there to Lebanese investment firm M1 Group for $105 million.

Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for April-June slumped to 12.35 billion Norwegian crowns ($1.38 billion), from 13.18 billion crowns a year earlier. Analysts in a company-compiled poll, on average, had expected 12.7 billion crowns.

Telenor said negative currency effects, however, offset an underlying improvement by decreasing its EBITDA by 1.6 billion crowns.

($1 = 8.9672 Norwegian crowns) (Reporting by Supantha Mukherjee in Stockholm and Nora Buli in Oslo; Editing by Niklas Pollard, Sherry Jacob-Phillips and David Evans)

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AXIATA GROUP BERHAD -2.44% 4 End-of-day quote.6.95%
TELENOR ASA -0.41% 145.7 Real-time Quote.0.27%
All news about TELENOR ASA
08:01aTELENOR : Early IoT wins can pave the way for smarter and greener telecom industry in Thai..
09/15TELENOR : Continued presence in Myanmar not possible for Telenor
09/15Norway's Telenor says Myanmar unit sale plan followed junta's pressure on surveillance ..
09/15TELENOR : Exec Says Myanmar Sale Due to Pressure from Authorities For Surveillance Access
09/10Ufone telecom wins unused Pakistan's spectrum
09/06TELENOR : M1 Group To Invest $330 Million For Telenor Myanmar Expansion
09/03ENERDYNAMIC : Eht enters co-venture with ikan engineering to provide solatel solar system ..
09/03TELENOR : Jussi Tolvanen becomes new CEO of DNA
09/03Telenor Group Announces Jukka Leinonen Will be as Head of its Nordic Cluster Full-Time
09/02TELENOR : Sweden Sustainability Report 2020
More news
Analyst Recommendations on TELENOR ASA
More recommendations
Sales 2021 114 B 13 217 M 13 217 M
Net income 2021 5 656 M 656 M 656 M
Net Debt 2021 106 B 12 309 M 12 309 M
P/E ratio 2021 34,6x
Yield 2021 6,37%
Capitalization 204 B 23 647 M 23 634 M
EV / Sales 2021 2,72x
EV / Sales 2022 2,63x
Nbr of Employees 18 000
Free-Float 46,0%
Duration : Period :
Telenor ASA Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TELENOR ASA
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 146,30 NOK
Average target price 162,20 NOK
Spread / Average Target 10,9%
EPS Revisions
Managers and Directors
Sigve Brekke President & Chief Executive Officer
Tone Hegland Bachke Chief Financial Officer
Gunn WŠrsted Chairman
Ruza Sabanovic Executive VP, Head-Technologies & Services
Jon Erik Reinhardsen Director
Sector and Competitors
1st jan.Capi. (M$)
TELENOR ASA0.27%23 543
AT&T INC.-6.26%192 491
T-MOBILE US-7.38%155 871
AMÉRICA MÓVIL, S.A.B. DE C.V.25.19%59 065