TELENOR ASA
Sector unknown·TEL · Oslo Børs·Fiscal year to 31/12/2024
Exposure profile
Derived from what the company itself writes. Empty directions mean the report doesn't mention themes of that type.
In their own words
Grouped by theme, from the management review in the annual report. A · The company itself is a verbatim quote, B · From the report is without a verified quote.
Asia and emerging markets
Geography
DriverPositive impact: strengthens
“In Asia, Telenor's strategic priority is to leverage the economic growth of the region to further develop our market-leading positions. Cash flow contributions will be driven by profitable growth, as well as the significant synergies that are expected from the mergers in Malaysia and Thailand, that were completed in 2022 and 2023, respectively.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“During 2024, the share of Telenor's mobile subscribers being active data users increased from 58% to 60%, driven by increased number of data users in Bangladesh and Pakistan.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“People safety risks continue to be challenging for Telenor operations in Asia.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“In Bangladesh during July 2024, a sudden unrest which started as a student protest led to significant impact on the macro economic, political and security environment. On 5 August 2024, the prime minister fled the country. Following that, an interim Government led by Professor Muhammad Yunus was formed. The recent events has impacted the near term outlook and the business environment in the country and thereby also Grameenphone.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“There is risk related to the timing of spectrum acquisitions, their price levels, and impact on Telenor’s market positions and value creation in the Asian markets.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“The risk is particularly high in Asian markets with issues related to high spectrum prices, tax regulation and disputes, renewal of licenses and general unpredictability in the business environment. In Bangladesh, Grameenphone has several pending and unresolved regulatory and legal cases. Telenor Pakistan continues to be subject to arbitrary assessments and unpredictable application of tax legislation.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“Corruption is a threat to Telenor’s business and the societies where the company operates, particularly in Asia. It can undermine legitimate business activities, distort competition, damage reputations, and expose individuals to risk.”
Annual report 2024A · The company itself
Market
“Telenor Group is a leading technology-driven communication services provider with presence in the Nordics and Asia. We put customers at the heart of everything we do, whether we are enabling them to securely connect with family and friends or working to provide secure solutions for businesses in the public and private sector.”
Annual report 2024A · The company itself
Geography
“• Part of Telenor since 1996 • Telenor owns 55.8% • Listed on Dhaka and Chittagong Stock Exchanges • Mobile subscribers: 84.3 million • Part of Telenor since 2004 • Mobile subscribers: 43.2 million • In December 2023, Telenor announced the sale of Pakistan. Transaction expected to be completed first half 2025 Telenor has been present in Asia since 1996.”
Annual report 2024A · The company itself
Geography
“Following the expected completion of the divestment of Telenor Pakistan in first half of 2025, Telenor Asia will consist of ownership positions in three market-leading local champions.”
Annual report 2024A · The company itself
Geography
“The opex increase was mainly driven by Asia, whereas opex in the Nordics was stable.”
Annual report 2024A · The company itself
Cybersecurity (products and services)
Technology
DriverNegative impact: weakens
“Telenor is also affected by increasing cyber threats and risk of sabotage of critical infrastructure.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“Business security (cyber security and physical security) Telenor is processing, storing and transmitting significant volumes of confidential information. The risk of cyber-attacks, possibly involving ransomware, and physical attacks on critical infrastructure has increased due to a more volatile geopolitical situation. Rapid development of Artificial Intelligence (AI) and Large Language Models (LLMs) offer vast opportunities but also introduce new risks. Unauthorised disclosure of confidential information or disruptive attacks could adversely affects customers or Telenor’s operations, resulting in damage to business and revenues, loss of trust and reputation, fines and damage to operations and revenues.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“We have sharpened our focus on responsible use of AI, excelling in cloud adoption, and developed open and scalable enablers for business market connectivity such as private networks and security services.”
Annual report 2024A · The company itself
Market
“Also in June, Telenor established its cyber security company Telenor Cyberdefence.”
Annual report 2024A · The company itself
Market
“The Nordic transformation programme, which started in 2023, and gained solid momentum during 2024, will be further accelerated in the years ahead. Enhanced cyber security products which have been launched in all the markets are part of this programme.”
Annual report 2024A · The company itself
Market
“Digital fraud methods are constantly evolving, and Telenor is instrumental in protecting our customers from harm. In Norway alone, Telenor's security filters blocked more than 2.2 billion attempts of digital fraud in 2024.”
Annual report 2024A · The company itself
Market
“Telenor Cyberdefence aims to leverage on Telenor’s position as one of Norway’s leading security players, and bring together security expertise from Telenor's operations in the Nordics. From its security operations centre, Telenor Cyberdefence offers 24/7 monitoring, prevention, detection, and response to all types of cyber threats and incidents.”
Annual report 2024A · The company itself
Chains in: Cyber attacks and IT security risk strengthens
Chains out: this strengthens Digitalisation
Semiconductors and electronic components
Raw materials and inputs
InputNegative impact: weakens
“Telenor handles a diverse array of supplies required for its operations across two regions. Complexity has grown due to technological advancement and the dynamic nature of the telecom industry. Geopolitical tensions leads to supply volatility and economic fluctuations.”
Annual report 2024A · The company itself
Market
“To complement the end-user services, Telenor provides select hardware like mobile phones, broadband modems and TV boxes.”
Annual report 2024A · The company itself
Chains in: Artificial intelligence strengthens
Telecoms and 5G
Technology
Market
“During 2024, Telenor has provided critical connectivity to 207 million mobile customers in eight markets.”
Annual report 2024A · The company itself
Market
“The mobile and broadband subscriptions provides access to voice and data/ internet. On top of these connectivity products, Telenor offers TV services and other services like security and ID theft insurance.”
Annual report 2024A · The company itself
Market
“Other services include solutions for business customers like managed services, virtual private networks, software defined networks (SDx) and network as a service. IoT solutions are offered through Telenor Connexion and Telenor Nordic.”
Annual report 2024A · The company itself
Market
“In December, DNA completed its nationwide 5G upgrade in Finland, reaching close to 100% population coverage.”
Annual report 2024A · The company itself
Market
“The Nordics segment consist of mobile and fixed operations in Norway, Sweden, Denmark, and Finland. Offerings include mobile subscriptions and handsets, telephony, broadband, data security, communications services, and TV services to both residential and business customers.”
Annual report 2024A · The company itself
Market
“The Asia segment consist of mobile operations in Telenor Pakistan and Grameenphone (Bangladesh). Offerings include mobile subscriptions, as well as wholesale services.”
Annual report 2024A · The company itself
Market
“The Infrastructure segment provides passive telecom infrastructure in the Nordics such as towers, masts and buildings. The Infrastructure segment builds, develops and maintains passive telecom infrastructure and leases it to both internal and external customers.”
Annual report 2024A · The company itself
Consumer spending
Macro
DriverNegative impact: weakens
“In January, Telenor completed the sale of Telenor Satellite to Space Norway, at an enterprise value of NOK 2.4 billion.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“Foundational to this strategy is the belief in growing consumer need for secure, ubiquitous and high-quality connectivity. To meet demand while driving return on invested capital, Telenor will continue to modernise its operations and leverage technology and partnerships while investing in our own transformation and growth.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“Telenor’s customers in the Nordics are digitally advanced and are demanding sophisticated services and solutions. The Nordic countries are geopolitically stable, and the overall purchasing power of consumers is high.”
Annual report 2024A · The company itself
DriverPositive impact: strengthens
“Service revenues increased by 3.1%, or 3.3% on organic basis. The organic growth in service revenues was largely driven by the 4.6% growth in mobile service revenues in the Nordics, fuelled by increasing demand for valueadded services, pricing initiatives and subscriber growth in Sweden, Denmark and Finland.”
Annual report 2024A · The company itself
Market
“Telenor offers a wide range of mobile and broadband telecom products and services, based on strong networks positions and secure infrastructure. Our customers are consumers and businesses, telecom operators and service providers1).”
Annual report 2024A · The company itself
Chains in: Inflation weakens
Chains out: this strengthens Retail, strengthens Hospitality and leisure, strengthens Premium consumers, strengthens Grocery retail and private label
Electricity
Raw materials and inputs
DriverPositive impact: strengthens
“We have set clear targets for emissions reductions both for ourselves and our suppliers, and we also believe that we can be an environmental enabler for our partners and customers.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“Global increase in demand for renewable electricity will potentially lead to increased cost of securing said energy.”
Annual report 2024A · The company itself
InputNegative impact: weakens
“Since March 2024, more than 80% of the power consumption in Telenor’s network operation in Norway is covered by the power purchase agreement (PPA) with Hydro, which is based on a wind farm in Sweden. The Palokangas wind farm, which is the basis for the PPA with Statkraft in Finland, went into commercial operation in December 2024. This PPA will cover a major part of DNA's power consumption from January 2025.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Capex was in 2024 mainly driven by the mobile network modernisation in the Nordics and fibre investments in Norway.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Telenor is proactively sourcing renewable electricity through long term Power Purchase Agreements (PPA), to secure access to renewable energy at predictable costs.”
Annual report 2024A · The company itself
Chains in: Data centres strengthens, Electrification strengthens
Chains out: this strengthens Power grid expansion
Artificial intelligence
Technology
StrategyPositive impact: strengthens
“We have sharpened our focus on responsible use of AI, excelling in cloud adoption, and developed open and scalable enablers for business market connectivity such as private networks and security services.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“AI has been deployed in various areas in Telenor Nordics for some years already. With the emergence of generative AI, implementation and use cases are gathering pace. We see concrete results on efficiency and improved customer experience within several areas.”
Annual report 2024A · The company itself
Market
“Telenor's AI Factory, which uses NVIDIA's fullstack AI computing platform, aims to assist both internal and external customers in adopting AI technology, as well as providing AI capacity locally in the Nordic region in a secure and sustainable way. AI Factory was launched in November 2024.”
Annual report 2024A · The company itself
Market
“Telenor Amp consists of a portfolio of businesses and companies that are near the core of Telenor’s business. Offerings include a wide variety of services, including Internet of Things (IoT), digital authentication and various communication services.”
Annual report 2024A · The company itself
Chains out: this strengthens Data centres, strengthens Semiconductors and electronic components, strengthens Semiconductor industry
Nordics
Geography
StrategyPositive impact: strengthens
“Capex was in 2024 mainly driven by the mobile network modernisation in the Nordics and fibre investments in Norway.”
Annual report 2024A · The company itself
Market
“Telenor is a leading provider of telecom services in the Nordic region with more than 10 million mobile subscribers and 2.2 million broadband subscribers.”
Annual report 2024A · The company itself
Geography
“The opex increase was mainly driven by Asia, whereas opex in the Nordics was stable.”
Annual report 2024A · The company itself
SMEs
End markets
Market
“Telenor offers a wide range of mobile and broadband telecom products and services, based on strong networks positions and secure infrastructure. Our customers are consumers and businesses, telecom operators and service providers1).”
Annual report 2024A · The company itself
Market
“The targeted customer segments are medium-sized companies and organisations across industries in the Nordic region.”
Annual report 2024A · The company itself
Market
“Offerings include mobile subscriptions and handsets, telephony, broadband, data security, communications services, and TV services to both residential and business customers.”
Annual report 2024A · The company itself
Circular economy and recycling
Regulation
StrategyPositive impact: strengthens
“As part of its sustainability agenda, Telenor has joined the GSMA's circular economy ambition for mobile devices, and aims to reach 30% take-back of mobile phones in the Nordics by 2030. The takeback rate measures the number of used mobile phones collected as share of new mobile phones distributed during the year. In 2024, the take-back rate was 13%.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Telenor addresses circularity of mobile devices sold to customers primarily through take-back programmes for re-use and recycling. Telenor has joined the GSMA's circular economy ambition for mobile devices. Our target for the Nordics is that the number of mobile devices collected through take-back schemes in 2030 should amount to 30% of the number of new devices distributed to customers in the same year.”
Annual report 2024A · The company itself
Chains in: EU climate and energy policy strengthens
Oil
Raw materials and inputs
DriverNegative impact: weakens
“The ongoing tensions in the Middle East may result in higher oil prices and increased transportation costs. In the event that the conflict turns into a regional war involving oil producing countries like Iran, it may contribute to renewed economic slowdown.”
Annual report 2024A · The company itself
Market
“Telenor Maritime offers mobile maritime communication, serving cruise and ferry segments, fisheries, and the oil & gas industry.”
Annual report 2024A · The company itself
Chains out: this strengthens Plastics and polymers
Renewables auctions and subsidies
Regulation
DriverNegative impact: weakens
“Global increase in demand for renewable electricity will potentially lead to increased cost of securing said energy.”
Annual report 2024A · The company itself
StrategyPositive impact: strengthens
“Telenor is proactively sourcing renewable electricity through long term Power Purchase Agreements (PPA), to secure access to renewable energy at predictable costs.”
Annual report 2024A · The company itself
Chains in: Wind power strengthens
Agriculture and food production
End markets
Market
“Telenor Maritime offers mobile maritime communication, serving cruise and ferry segments, fisheries, and the oil & gas industry.”
Annual report 2024A · The company itself
Chains in: Grain and agricultural commodities mixed effect, Climate change and extreme weather weakens, Grocery retail and private label weakens
Automation and robotics
Technology
Market
“Husqvarna is leveraging managed IoT connectivity delivered by Telenor Connexion to transform lawn care with its new range of robotic lawnmowers. The new fleet of mowers are always connected and able to receive updates and software upgrades.”
Annual report 2024A · The company itself
Climate change and extreme weather
Macro
StrategyPositive impact: strengthens
“Telenor is proactively investing in infrastructure where withstanding severe weather is a design criterion. In flood prone areas in Asia tower fundaments are raised and equipment is mounted in the towers rather than on the ground. In Norway investments in dual fibre connections to towers are expected to reduce downtime in the mobile network.”
Annual report 2024A · The company itself
Chains out: this weakens Agriculture and food production
Digitalisation
Technology
Market
“Telenor Amp consists of a portfolio of businesses and companies that are near the core of Telenor’s business. Offerings include a wide variety of services, including Internet of Things (IoT), digital authentication and various communication services.”
Annual report 2024A · The company itself
Chains in: Cybersecurity (products and services) strengthens, Public investment and infrastructure strengthens
Chains out: this strengthens IT consulting and public-sector IT
Electric vehicles and EV batteries
End markets
Market
“Husqvarna is leveraging managed IoT connectivity delivered by Telenor Connexion to transform lawn care with its new range of robotic lawnmowers. The new fleet of mowers are always connected and able to receive updates and software upgrades.”
Annual report 2024A · The company itself
Electrification
Technology
StrategyPositive impact: strengthens
“Capex was in 2024 mainly driven by the mobile network modernisation in the Nordics and fibre investments in Norway.”
Annual report 2024A · The company itself
Chains out: this strengthens Electricity, strengthens Power grid expansion, strengthens Copper
Industrial manufacturing
End markets
Market
“Based on the expanded network coverage, the Nordic operations launched several 5G-based services to the business segments, like 5G Office connect and Mobile 5G network as a service.”
Annual report 2024A · The company itself
Rare earths and critical raw materials
Raw materials and inputs
StrategyPositive impact: strengthens
“Telenor Amp's strategy is to develop, refine and create value close to the core telecom services, with IoT and security as the main focus areas. The ambition for these two areas is to build leading Nordic service offerings, through a combination of developing existing assets, making select acquisitions, or by working with external partners.”
Annual report 2024A · The company itself
Chains in: Wind power strengthens
Retail
End markets
Market
“Offerings include mobile subscriptions and handsets, telephony, broadband, data security, communications services, and TV services to both residential and business customers.”
Annual report 2024A · The company itself
Chains in: Consumer spending strengthens
Shipping and logistics
End markets
Market
“Telenor Maritime offers mobile maritime communication, serving cruise and ferry segments, fisheries, and the oil & gas industry.”
Annual report 2024A · The company itself
Chains in: Carbon tax and ETS prices weakens, Global trade volumes strengthens, Fuel strengthens
Geopolitical uncertainty
Macro
DriverNegative impact: weakens
“Regulatory, political and macroeconomic risks are among the most prominent risks, particularly in Asia.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“Telenor is also exposed to geopolitical risk across the business, particularly with regards to the potential impact on supply chains and telecom equipment the company is allowed to use. Several of the risk areas are influenced by external factors. The global geopolitical situation is increasing the risk of supply chain disruption due to escalating trade tension and sanctions.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“We are also observing rising geopolitical tensions over the recent cutting of subsea cables that may lead to interruptions in global telecommunication.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“The ongoing tensions in the Middle East may result in higher oil prices and increased transportation costs. In the event that the conflict turns into a regional war involving oil producing countries like Iran, it may contribute to renewed economic slowdown.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“The tension between China and Western countries continues to escalate. Western governments are ramping up pressure and restrictions against China's technology industry, while China is trying to increase its influence and operations worldwide. This has a potential impact on supply chain and telecom equipment Telenor is allowed to use.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“In Bangladesh during July 2024, a sudden unrest which started as a student protest led to significant impact on the macro economic, political and security environment. On 5 August 2024, the prime minister fled the country. Following that, an interim Government led by Professor Muhammad Yunus was formed. The recent events has impacted the near term outlook and the business environment in the country and thereby also Grameenphone.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“Restrictions on use of suppliers/partners of IT and networks Governments place restrictions on which suppliers can be used. The restrictions are typically referring to suppliers from specific countries and are relevant for most key technology domains including services. The deployment of 5G equipment in several European countries is a salient example.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“Corruption is a threat to Telenor’s business and the societies where the company operates, particularly in Asia. It can undermine legitimate business activities, distort competition, damage reputations, and expose individuals to risk.”
Annual report 2024A · The company itself
Chains out: this strengthens Defence budgets, strengthens Energy security, strengthens Tariffs and trade policy, weakens Global trade volumes, strengthens Sea freight and freight rates, weakens Reconstruction of Ukraine
Export controls and China relations
Regulation
DriverNegative impact: weakens
“The tension between China and Western countries continues to escalate. Western governments are ramping up pressure and restrictions against China's technology industry, while China is trying to increase its influence and operations worldwide. This has a potential impact on supply chain and telecom equipment Telenor is allowed to use.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“Restrictions on use of suppliers/partners of IT and networks Governments place restrictions on which suppliers can be used. The restrictions are typically referring to suppliers from specific countries and are relevant for most key technology domains including services. The deployment of 5G equipment in several European countries is a salient example.”
Annual report 2024A · The company itself
Labour and wages
Raw materials and inputs
DriverNegative impact: weakens
“The transformation of Telenor’s organisation can cause uncertainty amongst employees. This could lead to difficulty in attracting, developing, and retaining skilled employees. The lack of ability to attract and retain talent can lead to lack of operational efficiency, lack of innovation, loss of competitive advantage and lack of ability to achieve Telenor's strategic ambitions.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“Employees and suppliers involved in Telenor’s operations are exposed to a range of health and safety risks. Traffic, work at height, network rollout in remote locations, terrorism, natural disasters, social unrest, ergonomics and stress remain risk areas that are relevant to Telenor. Risk can lead to fatalities or serious injury to employees and suppliers.”
Annual report 2024A · The company itself
Tariffs and trade policy
Macro
DriverNegative impact: weakens
“Telenor is also exposed to geopolitical risk across the business, particularly with regards to the potential impact on supply chains and telecom equipment the company is allowed to use. Several of the risk areas are influenced by external factors. The global geopolitical situation is increasing the risk of supply chain disruption due to escalating trade tension and sanctions.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“Going forward, a broader worldwide trade war and increased tariffs may lead to economic disruption and higher prices, which in turn may delay the tapering of interest rates. This is likely to result in reduced spending by consumers and businesses.”
Annual report 2024A · The company itself
Chains in: Geopolitical uncertainty strengthens
Chains out: this weakens Global trade volumes
Global trade volumes
Macro
InputNegative impact: weakens
“Telenor handles a diverse array of supplies required for its operations across two regions. Complexity has grown due to technological advancement and the dynamic nature of the telecom industry. Geopolitical tensions leads to supply volatility and economic fluctuations.”
Annual report 2024A · The company itself
Chains in: Tariffs and trade policy weakens, Geopolitical uncertainty weakens, Business cycle and GDP growth strengthens
Chains out: this strengthens Shipping and logistics
Business cycle and GDP growth
Macro
DriverPositive impact: strengthens
“In the Nordics, the focus continues to be on transforming our leading operations to ensure superior customer experiences and solid value creation also in the years to come. In Asia, we continue developing our market-leading telecom positions.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“Going forward, a broader worldwide trade war and increased tariffs may lead to economic disruption and higher prices, which in turn may delay the tapering of interest rates. This is likely to result in reduced spending by consumers and businesses.”
Annual report 2024A · The company itself
Chains out: this strengthens Global trade volumes, strengthens Construction
Europe
Geography
DriverNegative impact: weakens
“In addition to sector specific regulation Telenor’s operations are exposed to general regulations including but not limited to competition law. In Bangladesh and Norway Telenor is exposed to the risk of being accused of abusing a dominant market position.”
Annual report 2024A · The company itself
Geography
“• Brands: Telenor and Talkmore • Mobile subscribers: 2.6 million • Broadband subscribers: 0.7 million • Telenor Fiber AS (70% ownership) • Part of Telenor since 2001 • Brands: Telenor, Vimla and Ownit • Mobile subscribers: 3.0 million • Broadband subscribers: 0.7 million • Shared mobile networks with Tele2 through Net4Mobility and with 3 through 3GIS (50% ownership in each of the companies) DNA (Finland) • Part of Telenor since 2019 • Brands: DNA and Moi • Mobile subscribers: 2.8 million • Broadband subscribers: 0.7 million • Shared mobile network with Telia in Northern and Eastern Finland through Finnish Shared Network (50% ownership) • Part of Telenor since 2000 • Brands: Telenor and CBB • Mobile subscribers: 1.7 million • Broadband subscribers: 0.1 million • Shared mobile network with Norlys through TT-Netværket (50% ownership) #1 mobile market position in Norway #2 mobile market position in Finland #3 mobile market position in Sweden #2 mobile market position in Denmark 2024”
Annual report 2024A · The company itself
Inflation
Macro
DriverNegative impact: weakens
“The PPAs provide a solid contribution to Telenor's climate ambitions, as well as creating cost predictability against volatile energy prices.”
Annual report 2024A · The company itself
DriverNegative impact: weakens
“Increased complexity and volatility could lead to increased prices, higher inventory holding costs, interruptions and limitations in supply, and lower quality of supplied goods and services.”
Annual report 2024A · The company itself
Chains out: this weakens Consumer spending, strengthens Interest rates
Public investment and infrastructure
Regulation
DriverPositive impact: strengthens
“Increasing fibre coverage in Norway During 2024, Telenor Norway provided fibre infrastructure to 50,000 households. In several geographical areas, Telenor has partnered with the public sector in its fibre rollout, contributing to the government's ambition of achieving full 100 Mbps coverage.”
Annual report 2024A · The company itself
Chains in: Reconstruction of Ukraine strengthens
Chains out: this strengthens Construction, strengthens Digitalisation, strengthens IT consulting and public-sector IT
Denmark
Geography
Geography
“• Brands: Telenor and Talkmore • Mobile subscribers: 2.6 million • Broadband subscribers: 0.7 million • Telenor Fiber AS (70% ownership) • Part of Telenor since 2001 • Brands: Telenor, Vimla and Ownit • Mobile subscribers: 3.0 million • Broadband subscribers: 0.7 million • Shared mobile networks with Tele2 through Net4Mobility and with 3 through 3GIS (50% ownership in each of the companies) DNA (Finland) • Part of Telenor since 2019 • Brands: DNA and Moi • Mobile subscribers: 2.8 million • Broadband subscribers: 0.7 million • Shared mobile network with Telia in Northern and Eastern Finland through Finnish Shared Network (50% ownership) • Part of Telenor since 2000 • Brands: Telenor and CBB • Mobile subscribers: 1.7 million • Broadband subscribers: 0.1 million • Shared mobile network with Norlys through TT-Netværket (50% ownership) #1 mobile market position in Norway #2 mobile market position in Finland #3 mobile market position in Sweden #2 mobile market position in Denmark 2024”
Annual report 2024A · The company itself
Geography
“During the year, the government updated this ambition to full 1 Gbps coverage by 2030, increasing the potential for Telenor to partner with the public sector to further extend fibre coverage in Norway.”
Annual report 2024A · The company itself
Other currencies
Macro
DriverNegative impact: weakens
“Hedge ratios in Asian currencies are more limited by local regulations and market capabilities, and would involve greater liquidity risk.”
Annual report 2024A · The company itself
Competitors mentioned in the report
No named competitors in the report.
Financial figures
| Revenue latest fiscal year | 79.93 bn NOK |
| Revenue growth vs. the year before, same method | -0.7 % |
| EBITDA reported by the company | 35.49 bn NOK |
| Net debt debt incl. leasing minus cash | 91.24 bn NOK |
| Diluted EPS per share | 13.32 NOK |
Source: annual report (ESEF) A. See the report
Criteria
| Profit | ✓ |
| Growing | ✗ |
| Healthy balance sheet | ✓ |
Only the criteria that can be computed from financial statements on this page. The remaining criteria (such as price and dividend) need a share price and are in the analysis.
Figures are in the report's currency (NOK), not converted to DKK. Quotes are shown as the company's own words in the report's original language.