Telenor ASA
OSE:TEL

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Telenor ASA Logo
Telenor ASA
OSE:TEL
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Price: 160.6 NOK -0.5%
Market Cap: kr219.8B

Telenor ASA
Investor Relations

Telenor ASA, a renowned name in the telecommunications sector, has long been an innovator in providing connectivity across the globe. Rooted in Norway, the company traces its history back to the 19th century as a pioneer in telegraph services. Today, it stands as a testament to adaptability and strategic foresight, trekking alongside the digital revolution with conviction. As a major telecommunications operator, Telenor seamlessly delivers a variety of services from mobile and fixed-line telephony to broadband and data, supported by robust digital infrastructures. They extend their reach across Scandinavia, Eastern Europe, and Asia, underscoring their influence in emerging markets with a mix of high-tech and local insight.

Monetizing its operations, Telenor’s primary revenue stream flows from its vast subscriber base that spans several continents. By providing voice, messaging, and data services, they generate income through monthly subscription fees, prepaid packages, and data consumption charges. A notable portion of their income also comes from value-added services such as digital content, cloud, and cybersecurity solutions. Telenor leverages partnerships and joint ventures in local markets to augment its growth, designing products that cater to the unique needs of diverse populations. Furthermore, their investment in network modernization fosters efficient data management, ensuring a steady stream of revenue and positioning them as a leader in the race toward 5G technology, thus securing their economic position in the global telecommunications landscape.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 29, 2025
AI Summary
Q3 2025

Solid Nordic Performance: Telenor delivered strong Q3 results in the Nordics, with 8% EBITDA growth and 2.1% service revenue growth, largely driven by Norway.

Asia Mixed, Challenges Persist: Asia saw 4% EBITDA and service revenue growth, but management highlighted ongoing macro headwinds, cost pressures, and intense data competition, especially in Bangladesh and Malaysia.

Cash Flow & Margins: Free cash flow before M&A rose 50% year-on-year to NOK 4.2 billion, supported by higher EBITDA and disciplined CapEx.

Guidance Tightened: 2025 outlook ranges were tightened, with group EBITDA growth now guided to 5–6% and free cash flow before M&A reaffirmed at ~NOK 13 billion.

Strategic Moves: A procurement partnership with Vodafone and the pending PTCL sale of Telenor Pakistan are expected to bring long-term value and improve competitiveness.

Cost Control: OpEx reductions, especially in the Nordics, contributed to margin improvements, despite higher sales and marketing spend.

Key Financials
Service Revenues
NOK 16.3 billion
Adjusted EBITDA
NOK 9.5 billion
Adjusted EPS
NOK 1.85
Free Cash Flow before M&A
NOK 4.2 billion
CapEx to Sales Ratio
13.3%
Return on Capital Employed
8.6%
Leverage Ratio
2.3x
Earnings Call Recording
Other Earnings Calls

Management

Mr. Sigve Brekke
President & Group CEO
No Bio Available
Mr. Amol Phadke
Executive VP & CTO
No Bio Available
Mr. Dan Ouchterlony
EVP & Head of Telenor Amp
No Bio Available
Ms. Jannicke Hilland
EVP & Head of Telenor Infrastructure
No Bio Available
Mr. Kasper Wold Kaarboe
Acting Executive VP & CFO
No Bio Available
Ms. Marianne Moe
Head of Investor Relations
No Bio Available
Ms. Siri Birgitte Bang Berge
General Counsel
No Bio Available
Atle Lessum
Acting Senior VP & Head of Communications
No Bio Available
Mr. Johan Rostoft
Head of Online Marketplaces
No Bio Available
Ms. Asa Lunde
Head of Telenor Business Division
No Bio Available

Contacts

Address
AKERSHUS
Fornebu
Snaroyveien 30
Contacts
+4781077000.0
www.telenor.com