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4-Traders Homepage  >  Equities  >  Oslo Bors  >  Telenor ASA    TEL   NO0010063308

Delayed Quote. Delayed  - 07/27 04:25:19 pm
147 NOK   +0.14%
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Russia's Antimonopoly Service Prepares Lawsuit Against Telenor -Report

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04/16/2012 | 05:45pm CEST

Russia's Federal Antimonopoly Service, or FAS, is preparing a lawsuit against Norwegian telecommunications operator Telenor ASA (TEL.OS), which has increased its stake in VimpelCom Ltd. (VIP) to 39.51% from 25.01% since the beginning of the year, Interfax reported Monday citing FAS.

The regulator says that Telenor has breached a law regulating foreign investments in companies the state deems strategically important.

Should the lawsuit be accepted by the court, and should the ruling go against Telenor, the deal with the Norwegian company could be annulled, according to the report.

Agency website: www.interfax.ru

-By Moscow Bureau, Dow Jones Newswires; +7 495 974 8026

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Financials ( NOK)
Sales 2016 133 239 M
EBIT 2016 25 331 M
Net income 2016 14 325 M
Debt 2016 64 917 M
Yield 2016 5,30%
P/E ratio 2016 15,68
P/E ratio 2017 13,49
EV / Sales 2016 2,14x
EV / Sales 2017 2,09x
Capitalization 220 414 M
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 154  NOK
Spread / Average Target 4,7%
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Managers
NameTitle
Sigve Brekke President & Chief Executive Officer
Gunn Wærsted Chairman
Sven Størmer Thaulow COO & Senior Vice President-Telenor Digital
Morten Karlsen Sørby Chief Financial Officer & Executive Vice President
Ruza Sabanovic Chief Technology Officer & Executive VP
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