Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

Delayed Quote. Delayed  - 01/24 04:25:06 pm
130 NOK   -0.84%
04:17p TELENOR : extends its partnership with Grigor Dimitrov and launches ..
01/23 TELENOR : Digi Q4 2016 results
01/20 TELENOR : first to offer Coolpad Modena 2
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Telenor : Urges India For Solution To Telecom Impasse

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/12/2012 | 01:59pm CET

Telenor ASA (TEL.OS) Saturday urged the government of India to find a solution to the current impasse that has put the Indian operations of the Norwegian telecommunications operator in jeopardy.

Trond Giske, minister of trade and industry of Norway, is in India to give a diplomatic push for a possible resolution to the crisis precipitated by a Supreme Court order cancelling Telenor's licenses to offer mobile-telephone services in India following a scandal over possible corruption. He is scheduled to meet Indian telecom minister Kapil Sibal late Saturday.

Telenor owned 22 of the revoked licenses through its local joint venture Unitech Wireless Ltd. and the scandal has received a lot of media attention in Norway.

Giske represents the Norwegian government--which owns 53.97% in Telenor--on the company's board. Telenor has already invested about $3 billion in its India operations.

"If this investment fails, it will probably be the biggest loss that a Norwegian company has in foreign investments ever," Giske told reporters in India. The development will lead to "political implications," he added without elaborating.

Telenor has already written off about $1.38 billion of its investments in India.

In February, India's Supreme Court ordered a rerun of a mobile-license auction originally held in 2008, after concluding the previous allocations were rigged and underpriced. As a consequence, Telenor's majority-owned Indian joint venture Unitech Wireless was ordered to return all 22 of its mobile licenses.

In April, India's telecommunications regulator proposed that the government open the sale to all companies when it auctions mobile-phone bandwidth. It also suggested a base auction rate that is several times more than the price at which India allotted 122 licenses and bandwidth to several companies in 2008.

The proposals had led Telenor to warn that it might be forced to exit India completely if the government were to follow current recommendations for the planned renewal of an auction for mobile licenses in the country.

"It will be almost impossible to continue operations given the current regulator's proposals for limited bandwidth sale and high reserve price," Telenor chief executive Jon Fredrik Baksaas said Saturday.

India's top court has set an Aug. 31 deadline for the government to complete the renewed bandwidth auction, and allowed companies affected by the judgment to operate until Sept. 7.

 
   -By R. Jai Krishna, Dow Jones Newswires; +91 22 6145 6107; kenan.machado@dowjones.com 
 

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TELENOR ASA
04:17p TELENOR : extends its partnership with Grigor Dimitrov and launches a prize camp..
01/23 TELENOR : Digi Q4 2016 results
01/20 TELENOR : first to offer Coolpad Modena 2
01/20 Airtel considering offloading African units, acquiring Telenor India
01/19 › TELENOR RESEARCH ON 2017 TE : The year of AI and social fatigue?
01/19 TELENOR RESEARCH ON 2017 TECH TRENDS : The year of AI and social fatigue?
01/17 TELENOR : Presentation of Telenor Group's fourth quarter 2016 results on 2 Febru..
01/14 TELENOR : Viettel-backed group gets licence to become 4th telecom operator in My..
01/14 TELENOR : makes organisational changes
01/12 TELENOR : first among mobile operators to offer Huawei Honor 8 in Bulgaria
More news
Sector news : Wireless Telecommunications Services - NEC
02:08pDJBHARTI AIRTEL : Airtel Profit Slides on Financing Costs, Competition
08:48aDJAHEAD OF THE TAPE : Big Telecoms Keep Investors on Hold -- WSJ
08:48aDJSprint Joins Race to Add Content -- WSJ
12:09aDJSPRINT : to Buy 33% of Jay Z's Tidal Music Service -- 5th Update
01/23DJSPRINT : to Buy 33% of Jay Z's Tidal Music Service -- 4th Update
More sector news : Wireless Telecommunications Services - NEC
News from SeekingAlpha
2016 Telenor ASA 2016 Q3 - Results - Earnings Call Slides
2016 Telenor's (TELNF) CEO Sigve Brekke on Q3 2016 Results - Earnings Call Transcr..
2016 Telenor ASA reports Q3 results
2016 FRIDMAN : VimpelCom fitter company as Telenor sells out
2016 VimpelCom -5% as Telenor stake sale prices at $3.50
Advertisement
Financials ( NOK)
Sales 2016 131 587 M
EBIT 2016 23 141 M
Net income 2016 5 510 M
Debt 2016 59 861 M
Yield 2016 5,92%
P/E ratio 2016 32,42
P/E ratio 2017 12,91
EV / Sales 2016 1,95x
EV / Sales 2017 1,94x
Capitalization 196 841 M
More Financials
Chart TELENOR ASA
Duration : Period :
Telenor ASA Technical Analysis Chart | TEL | NO0010063308 | 4-Traders
Full-screen chart
Technical analysis trends TELENOR ASA
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 29
Average target price 143  NOK
Spread / Average Target 9,3%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Sigve Brekke President & Chief Executive Officer
Gunn Wærsted Chairman
Jørgen Christian A. Rostrup Chief Financial Officer & Executive Vice President
Ruza Sabanovic Chief Technology Officer & Executive VP
Harald Stavn Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
TELENOR ASA1.55%23 552
AT&T INC.-1.25%257 922
CHINA MOBILE LTD.5.00%227 746
NTT DOCOMO INC2.16%95 041
SOFTBANK GROUP CORP8.00%81 490
KDDI CORP1.37%69 456
More Results