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  - 01/20 04:25:10 pm
131 NOK   -0.61%
06:47a TELENOR : Digi Q4 2016 results
01/20 TELENOR : first to offer Coolpad Modena 2
01/20 Airtel considering offloading African units, acquiring Telenor In..
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Telenor : chairman quits over TV2 deal

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/02/2012 | 03:54pm CET

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)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TELENOR ASA
06:47a 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
01/12DJTELENOR : to Shuffle Management in Restructuring
More news
Sector news : Wireless Telecommunications Services - NEC
01/20DJAT&T : DirecTV Now Added at Least 200,000 Subscribers in First Month -- 2nd Upda..
01/20DJAT&T : DirecTV Now Added at Least 200,000 Subscribers in First Month -- Update
01/20DJAT&T's DirecTV Now Added 200,000 Subscribers in First Month
01/19DJCORRECT : Malaysia's Axiata Selling 34.1% of edotco for $600 Million Via Placeme..
01/19DJAXIATA BHD : Malaysia's Axiata Selling 34.1% of edotco for $600 Million Via Plac..
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 $3.50
Advertisement
Financials ( NOK)
Sales 2016 131 587 M
EBIT 2016 23 141 M
Net income 2016 5 510 M
Debt 2016 59 861 M
Yield 2016 5,92%
P/E ratio 2016 32,40
P/E ratio 2017 12,90
EV / Sales 2016 1,95x
EV / Sales 2017 1,93x
Capitalization 196 691 M
More Financials
Chart TELENOR ASA
Duration : Period :
Telenor ASA Technical Analysis Chart | TEL | NO0010063308 | 4-Traders
Full-screen chart
Technical analysis trends TELENOR ASA
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 29
Average target price 143  NOK
Spread / Average Target 9,4%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Sigve Brekke President & Chief Executive Officer
Gunn Wærsted Chairman
Jørgen Christian A. Rostrup Chief Financial Officer & Executive Vice President
Ruza Sabanovic Chief Technology Officer & Executive VP
Harald Stavn Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
TELENOR ASA1.55%23 384
AT&T INC.-2.54%254 544
CHINA MOBILE LTD.5.37%227 903
NTT DOCOMO INC3.57%95 109
SOFTBANK GROUP CORP8.91%81 110
KDDI CORP4.04%70 365
More Results