Telenor ASA
TEL: XOSL (NOR)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| NOK 112.00 | Kbmvxp | Fyqwxgr |
Telenor on Track for Midterm Free Cash Flow Ambitions; Maintaining NOK 130 Fair Value Estimate
Business Strategy and Outlook
Telenor is the incumbent telecom operator in Norway and operates in Nordic and Asian countries. Its business is mature and growing slowly with high reliance on mobile operations, but it generates significant free cash flow and has increased dividends nicely in recent years. Telenor expanded into emerging markets earlier than many European telecom operators.