Telenor ASA is a holding company. Through its subsidiaries, Telenor ASA provides fixed and mobile (analog and digital) communication networks and also develops, sells and distributes communication, entertainment and information services in the Norwegian private and business markets. The Company... More
Tuesday, Sep 104:04 AMNorway's Conservatives sweep to victory
Tuesday, Sep 104:04 AM| 2 Comments
- Norway's right-of-center Conservatives and its allies have won a landslide victory in the country's election, beating out the ruling Labor party.
- Incoming Prime Minister Erna Solberg has promised a program of privatization, a reduction of Norway's heavy reliance on oil, and tax cuts as she looks to give the private sector more room to breathe.
- The privatization could include the lowering of stakes in Statoil (STO) and telecoms group Telenor (TELNF.PK).
- OMX Oslo 20 +0.3%. USD-NOK -0.2% to 5.998 krones.
- ETFs: NORW, ENOR
Saturday, Jun 291:58 AMMyanmar, possibly the world's last major wireless telecom frontier, has awarded Telenor (TELNF.PK) and Qatar's Ooredoo 15-year licenses to develop mobile communications in that country. The two companies pledged to cover 75% of Myanmar with voice communications within five years. Telenor has not disclosed how much it plans to spend, but Ooredoo indicated it could spend up to $15B. |Saturday, Jun 291:58 AM| Comment!
Sunday, Jun 1612:10 AMNorway-based Telenor ASA (TELNF.PK), after having been refused twice, has now been approved to up its stake in India's Telewings Communications from 49% to 74%, the maximum foreign investment in telecom allowed. India has recently been reported to be considering allowing 100% foreign ownership. |Sunday, Jun 1612:10 AM| Comment!