Telenor ASA

TEL: XOSL (NOR)

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Telenor Upgrades Guidance to High-Single-Digit EBITDA Growth; Fair Value Estimate of NOK 142

Javier Correonero

Jul 18, 2025

Business Strategy and Outlook

Telenor is Norway's incumbent telecom operator and also operates in other Scandinavian 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.

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Telenor ASA

Telenor Upgrades Guidance to High-Single-Digit EBITDA Growth; Fair Value Estimate of NOK 142

Business Strategy and Outlook

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