Member access

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

TELENOR ASA (TEL)

63
Delayed Quote. Delayed BATS EUROPE - 05/22 05:25:21 pm
174.0500 NOK   -0.71%
05/21 TELENOR ASA : renews global agreement with UNI Global Union
05/21 PROCTER & GAMBL : New Board of Directors of Telenor ASA
05/21 TELENOR ASA : Ex dividend NOK 3.80 today
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Telenor : chairman quits over TV2 deal

05/02/2012 | 09:54am US/Eastern

Telenor chairman Harald Norvik quit on Wednesday after the government, which owns 54 percent of the Norwegian group, withdrew support for him over the sale of TV2, the country's top commercial channel.

The resignation capped months of controversy since a company jointly owned by Telenor and labor unions sold its 50 percent stake in TV2 to Egmont for 2.1 billion Norwegian crowns ($367 million) in January, giving the Danish firm 100 percent control.

"The Minister of Trade and Industry, Mr. Trond Giske, representing the majority shareholder in Telenor ASA, today expressed a lack of confidence in the chairman of Telenor, following the handling of the TV2 issue in January this year," Norvik said in a statement.

Giske, who did not have the power to block the TV2 deal, had previously expressed dismay that the channel would end up in foreign ownership and likened the sale to selling off family silver. He declined to comment on Wednesday.

Telenor has also drawn fire recently for its difficulties in India, a market it may be forced to exit after the government cancelled 122 licenses following a corruption-tainted sale.

Norvik said his decision to leave was not related to the firm's Indian troubles.

($1 = 5.7213 Norwegian crowns)

(Reporting By Victoria Klesty; Editing by Dan Lalor)

React to this article
Latest news on TELENOR ASA
05/21 TELENOR ASA : renews global agreement with UNI Global Union
05/21 TELENOR ASA : Ex dividend NOK 3.80 today
05/21 PROCTER & GAMBLE : New Board of Directors of Telenor ASA
05/21 TELENOR ASA : ex-dividend day for interim dividend
05/20 TELENOR ASA : NMHH fines Telenor more than USD900,000 for amending subscriber ag..
05/20 TELENOR ASA : Annual general meeting held in Telenor ASA
05/20 The unconnected senior citizens of Asia
05/20 GRAMEENPHONE : BCB awards Top of Mind 2-year sponsorship rights
05/19 TELENOR ASA : Open innovation and a passion for coding
05/19 TELENOR ASA : names Morten Sørby as head of Asia, replacing incoming group CEO B..
Advertisement
Chart
Duration : Period :
Telenor ASA Technical Analysis Chart | TEL | NO0010063308 | 4-Traders
Income Statement Evolution
More Financials