Company Profile For Telenor ASA

Telenor ASA (TEL.OL) (Oslo Stock Exchange)

sector: Telecommunications Services · industry: Wireless Telecommunications Services ·

As of 24 Nov 2009

78.80NOK

Price Change

-1.55

Percent Change

-1.93%

Analyst Recommendations

Overview

Telenor ASA provides voice, data, content and other communication services in 13 countries across Europe and Asia. The Company’s businesses in Norway, Sweden, Denmark and Russia offer both mobile and fixed telecommunication services, while the other businesses offer mobile telecommunication services. In addition to the mobile and fixed operations, the Company’s core business comprises Telenor Broadcast, which provides television services. The Company has four segments: mobile communication, fixed line communication (Fixed), television-based activities (Broadcast), and others. On 17 March 2009, Telenor ASA announced the acquisition of a 33.5% ownership interest in Unitech Wireless.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Telenor ASA's revenue increased 4% to NOK73.46B. Net income from continuing operations decreased 39% to NOK6.9B. Revenue reflects sales growth in the Broadcasting, DTAC, DiGi and business segments, as well as increased sales in Denmark. Net income from continuing operations was offset by increased depreciation- and amortization charges and higher personnel expenses.