The unique reasons why some companies list Nov 18, 2009
That seems to be the case with Bangladesh, where Telenor ASA has listed its celco GrameenPhone Ltd. Government-owned Telenor certainly has little need for additional capital. Not only did GrameenPhone offer itself to be owned by at least 350,000 Bangladeshis (See previous commentary, The GrameePhone example, StarBiz, Nov 6, 2009), it also made the public offering at a very cheap price of 70 Bangladesh taka a piece, valuing the shares at three times GrameenPhones Ebitda (earnings before... (The Star Online, Malaysia -- Business)
Telenor will not cash out DiGi to fund India Nov 5, 2009
KUALA LUMPUR: Telenor ASA will not divest its Asian assets, such as DiGi. Com Bhd, to fund its massive expansion into India, said Telenor Asia president Sigve Brekke. (The Star Online, Malaysia -- Business)
Reliance Communications Falls for Seventh Day as Profit Misses Estimates Nov 3, 2009
Some of the operators in India are backed by the deep pockets of overseas partners including DoCoMo, Russias AFK Sistema and Norways Telenor ASA, Das said. Therefore how long they can bleed is anybodys guess, so while consolidation is imminent, the timing is of essence. (Bloomberg -- Asia)
Bharti Airtel, MTN Said to Have Reached $24 Billion Preliminary Agreement Sep 10, 2009
Competition is also heating up with the entry of more foreign rivals including Japans NTT DoCoMo Inc. and Norways Telenor ASA.. Bharti added a record 8. (Bloomberg)
Bharti Airtel, MTN Extend Merger Talks a Month After Failing to Reach Deal Aug 3, 2009
Competition is also intensifying with the entry of more foreign rivals including Japans NTT DoCoMo Inc. and Norways Telenor ASA.. Its very clear the next three-four years in India is going to be extremely, extremely difficult, KPMGs Shetty said. (Bloomberg -- Asia)
Telenor posts 61 pct drop in Q2 profit Jul 23, 2009
OSLO Norwegian telecommunications group Telenor ASA on Thursday reported a 61 percent slump in second-quarter profit, due to sliding revenues and losses in its stake in Russian mobile operator VimpelCom. Net profit tumbled to 1. (Atlanta Journal-Constitution -- Business)
Arbitration Scorecard 2009: One Battleground Isn't Enough Jun 27, 2009
The interplay between courts, tribunals, and -- potentially -- treaty panels is showcased in the contest for Russian mobile phone operator VimpelCom between Alfa and Norway's Telenor ASA. So far the VimpelCom case has led to a full house of two Swiss arbitrations and three New York disputes (one in arbitration, two in court). But the real action has been in Siberian court, where a tiny shareholder that Telenor calls an Alfa stalking horse obtained a $1. (Law.com)
Mittal, Nhleko chase $61 billion dream May 29, 2009
In the past year, arrivals include Japan's top cell-phone service provider NTT DoCoMo, Norway's Telenor ASA, Dubai-based Emirates Telecommunications Corp and Bahrain Telecommunications Company. England's Vodafone is also present through its 10% stake in Bharti Airtel, besides being a competitor alongside Tata Indicom. (Asia Times Online)
Unitech on a selling spree May 24, 2009
Unitech Wireless, the telecom unit of the company, also sold off a 67% stake to Norway-based telecom company Telenor ASA in Octob 00004000 er 2008. Also, the developer in its bid to monetise non-core assets, sold off its Marriot Courtyard property in Gurgaon for Rs 231 cr in February. (India Times)
Telenor 1Q net profit falls 65 percent May 5, 2009
(AP) OSLO - Norwegian telecommunications group Telenor ASA on Tuesday reported a 65 percent decline in first quarter net profits compared with a year earlier, hurt largely by its stake in Russian No.2 mobile operator VimpelCom and a decline in international calls. The group, based on the outskirts of Oslo, said net profit for the January through March period was 1. (OregonLive, OR -- Business)
China Airlines, Hero Honda, ICICI, Venture: Asia Ex-Japan Equity Preview May 2, 2009
Digi, 49 percent owned by Norways Telenor ASA, was unchanged at 22. 30 ringgit. (Bloomberg -- Asia)
Tele2, Telenor form 4G joint venture in Sweden, EU Apr 14, 2009
Nordic telecom operators Tele2 and Telenor ASA said Tuesday they will form a joint venture to build a high-speed wireless Internet network in Sweden. The new network will be based on fourth-generation wireless technology that enables users to surf the Internet at speeds of up to 150 megabits per second. (OregonLive, OR -- Business)
Acision Prepares Telenor Pakistan for Exponential Messaging Growth Feb 8, 2009
Telenor ASA is an international provider of high quality telecommunications, data and media communication services ... Telenor Pakistan is 100% owned by Telenor ASA and adds on to its operations in Asia together with Thailand, Malaysia and Bangladesh. (PR Newswire)
