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TELENOR ASA

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Real-time Oslo Bors  -  10:29 2022-09-29 am EDT
101.50 NOK   -2.78%
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Telenor : Unifies Internet of Things Portfolio Under New Brand

03/25/2021 | 06:53am EDT

By Dominic Chopping

Norwegian telecom provider Telenor ASA said Thursday that it is unifying its Internet of Things portfolio under a new brand called Telenor IoT.

The move will see Telenor bring together its IoT offering both across the Nordics and internationally, with the Nordic IoT portfolio and its specialised global IoT company Telenor Connexion portfolio coming tether under Telenor IoT.

Effective immediately, Telenor IoT will be offered from all Telenor business channels, it said.

"As a part of introducing Telenor IoT, a new operating model is being launched to leverage on Telenor's global competency, synchronise product development, accelerate the customer facing business and improve technical support," Telenor said.

"In doing so, Telenor is bringing together 200 full time IoT specialists."

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

03-25-21 0753ET

Stocks mentioned in the article
ChangeLast1st jan.
TELENOR ASA -2.78% 101.5 Real-time Quote.-24.68%
TETHER (USDT/USD) 0.11% 1.001 End-of-day quote.0.10%
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Analyst Recommendations on TELENOR ASA
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Financials
Sales 2022 111 B 10 358 M 10 358 M
Net income 2022 11 301 M 1 053 M 1 053 M
Net Debt 2022 110 B 10 275 M 10 275 M
P/E ratio 2022 12,6x
Yield 2022 9,37%
Capitalization 142 B 13 228 M 13 228 M
EV / Sales 2022 2,27x
EV / Sales 2023 2,22x
Nbr of Employees 16 000
Free-Float 46,0%
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Mean consensus HOLD
Number of Analysts 19
Last Close Price 101,50 NOK
Average target price 136,94 NOK
Spread / Average Target 34,9%
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Managers and Directors
Sigve Brekke President & Chief Executive Officer
Tone Hegland Bachke Chief Financial Officer & Executive VP
Gunn Wærsted Chairman
Ruza Sabanovic Chief Technology Officer & Executive VP
Jon Erik Reinhardsen Director
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