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Telenor maintains outlook as EBITDA grows 9% in Q3, organic sales up 1%
2017-10-25 08:40:00| Telecompaper Headlines
(Telecompaper) Telenor maintained its outlook for 1-2 percent organic revenue growth this year, after reporting a 1.0 percent increase for Q3 and 0.8 percent growth for the first nine months of 2017. The operator said it delivered a strong set of Q3 results, as over NOK 1 billion in cost savings this year drove a 9 percent increase in EBITDA.
Tags: up
sales
organic
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Bharti shareholders approve Telenor takeover
2017-09-22 02:00:00| Total Telecom industry news
Bharti Airtel's shareholders have voted overwhelmingly in favour of the company's proposed acquisition of rival Indian mobile operator Telenor. At a meeting convened on Tuesday, 99.98% of Bharti Airtel's equity shareholders approved the merger…read more on TotalTele.com »
Tags: approve
shareholders
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telenor
Telenor sells 5.1% stake in Veon, sees NOK 2.9 bln proceeds in Q3
2017-09-21 09:49:00| Telecompaper Headlines
(Telecompaper) Telenor said it is continuing the sale of its interest in Veon, formerly known as Vimpelcom. It is offering 5.1 percent of Veon's total outstanding common shares, leaving Telenor with about 256.7 million ADS, or about 14.6 percent of Veon's common shares. The underwriters have priced the 90 million common shares and ADS in the offering at USD 4.15 each, giving net proceeds of USD 365 million (around NOK 2.9 billion), which will be included in Telenor's third-quarter cash flow statement.
Telenor sells out of Veon
2017-09-21 02:00:00| Total Telecom industry news
Telenor's latest Veon share sale sale is underway and will be the telco's last, since it plans to transfer its remaining stake in the telco to an exchangeable bond. The Norwegian operator said it has begun an offering of 90 million Veon shares…read more on TotalTele.com »
Telenor Bank gets new leader
2017-09-07 02:00:00| Total Telecom industry news
Telenor Microfinance Bank has a new CEO in the shape of Shahid Mustafa, who returns to the company he helped to found more than a decade ago. He replaces Ali Chaudhry…read more on TotalTele.com »
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