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TELENOR ASA

(TEL)
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138.05 NOK   -1.07%
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Telenor : Serbian official defends timing of 5G auction

09/23/2021 | 02:31am EDT

A regulatory framework setting the pre-conditions for launching public bidding for the allocation of 5G frequencies in Serbia exists, stated Vladana Radisavljevic Djordjevic, the head of the Group for the Planning and Development of Electronic Communication Networks and Services at the Ministry of Trade, Tourism and Telecommunications.

Djordjevic was responding to criticism from several delegates at a conference organised by the Association of Informatics of Serbia and Chamber of Commerce of Serbia (SCC), who said that the introduction of the 5G network to Serbia should have been done earlier.

Djordjevic argued that the introduction of the 5G network was not late and SBB, Telekom, Telenor and A1 were interested in obtaining radio frequencies for the network, according to the Tanjug news agency. 

Based on the regulatory framework, the Serbian Regulatory Agency for Electronic Communications and Postal Services (RATEL), opened a public invitation to operators to apply for the use of certain radio frequency bands slightly more than three months ago, Djordjevic told delegates.

“Four operators, namely, SBB, Telekom, Telenor and A1 expressed an interest, and, based on the collected data and its own analyses, RATEL will reach the decision if it sees that the conditions for the allocation of the permits are met upon the execution of the public bidding procedure,” she added.

 

©2021 bne IntelliNews , source Magazine

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Financials
Sales 2021 113 B 13 392 M 13 392 M
Net income 2021 5 306 M 631 M 631 M
Net Debt 2021 106 B 12 573 M 12 573 M
P/E ratio 2021 34,9x
Yield 2021 6,75%
Capitalization 193 B 22 914 M 22 989 M
EV / Sales 2021 2,66x
EV / Sales 2022 2,57x
Nbr of Employees 18 000
Free-Float 46,0%
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Number of Analysts 22
Last Close Price 138,05 NOK
Average target price 161,10 NOK
Spread / Average Target 16,7%
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Managers and Directors
Sigve Brekke President & Chief Executive Officer
Tone Hegland Bachke Chief Financial Officer
Gunn Wærsted Chairman
Ruza Sabanovic Executive VP, Head-Technologies & Services
Jon Erik Reinhardsen Director
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