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TELENOR ASA

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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

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Financials
Sales 2021 117 B 14 157 M 14 157 M
Net income 2021 6 207 M 752 M 752 M
Net Debt 2021 109 B 13 191 M 13 191 M
P/E ratio 2021 21,5x
Yield 2021 6,32%
Capitalization 206 B 25 022 M 24 946 M
EV / Sales 2021 2,69x
EV / Sales 2022 2,60x
Nbr of Employees 18 000
Free-Float 46,0%
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 163,26 NOK
Last Close Price 147,20 NOK
Spread / Highest target 32,5%
Spread / Average Target 10,9%
Spread / Lowest Target -6,25%
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Managers and Directors
NameTitle
Sigve Brekke President & Chief Executive Officer
Tone Hegland Bachke Chief Financial Officer
Gunn WŠrsted Chairman
Ruza Sabanovic Executive VP, Head-Technologies & Services
Sally Margaret Davis Director
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