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Telenor (OTC:TELNY) Stock, Option Chain

Telenor

Telenor is an international provider of telecom, data, and media communication services. It is the incumbent dominant telecom operator in Norway and the Norwegian government holds a stake of more than 50% in the firm. Telenor also operates in other Nordic countries like Sweden, Denmark, and Finland, and owns several businesses in Asia. Most of Telenor's operations are mobile businesses, although it also has some fixed-line operations in Nordic European countries.

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The Zacks Diversified Communication Services industry is likely to benefit from the diminishing supply chain adversities, increased fiber densification and accelerated 5G deployment across the globe.

3 Stocks From the Thriving Communication Industry to Bet On

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Amazon Halts Delivery Bots; Merck&#39;s Covid-19 Pill Didn&#39;t Reduce Risk; Samsung Profits Slip; Adidas Reviews Relationship With Kanye: Top Stories Friday, Oct. 7

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Telenor Divests 30% Of Norway Fiber Company for $1B

Telenor ASA

The Zacks Diversified Communication Services industry is likely to benefit from the diminishing supply chain adversities, increased fiber densification and accelerated 5G deployment across the globe. However, high capital expenditures for 5G infrastructure upgrades, unpredictable raw material prices, geopolitical conflicts and elevated inventory levels amid a challenging macroeconomic environment and uncertain market conditions have dented the industry&#39;s profitability.
Nevertheless, Swisscom AG (OTC: <a class="ticker" href="https://www.benzinga.com/stock/scmwy#OTC">SCMWY</a>), Telefonica, S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tef#NYSE">TEF</a>) and Telenor ASA (OTC: <a class="ticker" href="https://www.benzinga.com/stock/telny#OTC">TELNY</a>) should benefit in the long run from a higher demand for scalable infrastructure for seamless connectivity amid the wide proliferation of IoT and transition to cloud networks and related next-gen technologies.
Industry Description
The Zacks Diversified Communication Services industry comprises firms that provide a wide array of communication services, including wireless, wireline and Internet, to business enterprises and consumers. These companies offer mobile and wireline telephone services, high-speed Internet, direct-to-home satellite television and other value-added services. In addition to providing integrated information and communications technology services to businesses and governments, some of these companies operate as local exchange carriers or full-service providers of data center colocation and related managed services in state-of-the-art data center facilities. Some industry participants also provide IP networks, private lines, network management and hosting services, along with sales, installation and maintenance of major branded IT and telephony equipment.
What&#39;s Shaping the Future of the Diversified Communication Services Industry?
Focus on Low Latency, High Bandwidth Applications: The industry participants are investing considerably in LTE, broadband and fiber to provide additional capacity and ramp up the Internet and wireless networks to meet exponential video and data demand. These companies are rapidly transforming themselves from legacy copper-based telecommunications firms to technology powerhouses. At the same time, the industry participants continue to focus on leveraging wireline momentum, expanding media coverage, improving customer service and achieving a competitive cost structure to generate higher average revenue per user while attracting new customers. Also, these firms offer the flexibility to better manage data traffic by leveraging indigenous software-defined networks to enable low-latency, high-bandwidth applications for faster access to data processing.
Diminishing ROI: Video and other bandwidth-intensive applications have witnessed exponential growth owing to the wide proliferation of smartphones and increased deployment of the superfast 5G technology. This has forced the industry participants to invest considerably in LTE, broadband and fiber to provide additional capacity and ramp up the Internet and wireless networks. These companies are rapidly transforming themselves from legacy copper-based telecommunications firms to technology powerhouses with capabilities to meet the growing demand for flexible data, video, voice and IP solutions. At the same time, the industry participants continue to focus on leveraging wireline momentum, expanding media coverage, improving customer service and achieving a competitive cost structure to generate higher average revenue per user while attracting new customers. Although these infrastructure investments are likely to be beneficial in the long run, short-term profitability has largely been compromised. High raw material prices due to elevated inventory levels, economic sanctions against the Putin regime and intensifying war-mongering conditions in the Middle East have further affected the operation schedules of various firms.
Integrated Bouquet of Services: To improve profitability, the companies are increasingly focusing on providing support services to various small and mid-sized businesses (SMBs) with an integrated portfolio of voice, data and technology services. The firms are tailoring their services to suit individual business needs and are facilitating SMBs to better adapt themselves to necessary technology advancements.
Zacks Industry Rank Indicates Bullish Prospects
The Zacks Diversified Communication Services industry is housed within the broader Zacks Utilities sector. It carries a Zacks Industry Rank #46, which places it in the top 18% of more than 250 Zacks industries.
The group&#39;s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bright near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Before we present a few diversified communication stocks that are well-positioned to outperform the market based on a relatively modest earnings outlook, let&#39;s take a look at the industry&#39;s recent stock market performance and valuation picture.
Industry Lags S&amp;P 500, Sector
The Zacks Diversified Communication Services industry has lagged the S&amp;P 500 composite and the broader Zacks Utilities sector over the past year, primarily due to macroeconomic headwinds.
The industry has lost 11.3% over this period against the S&amp;P 500&#39;s growth of 27.4% and the sector&#39;s decline of 3.6%. 
One-Year Price Performance
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/chart 1_2024_07_12.jpg" style="height:348px; width:620px" />
Industry&#39;s Current Valuation
On the basis of the trailing 12-month enterprise value-to-EBITDA (EV/EBITDA), which is the most appropriate multiple for valuing telecom stocks, the industry is currently trading at 11.12X compared with the S&amp;P 500&#39;s 20.33X. It is trading below the sector&#39;s trailing 12-month EV/EBITDA of 15.13X.
Over the past five years, the industry has traded as high as 18.45X, as low as 10.89X and at the median of 13.07X, as the chart below shows. 
Trailing 12-Month enterprise value-to EBITDA (EV/EBITDA) Ratio
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/chart 2_2024_07_12.jpg" style="height:162px; width:620px" />
3 Diversified Communication Services Stocks to Invest in
Swisscom: Headquartered in Bern, Switzerland, Swisscom offers mobile and fixed-network telecommunications services across the country and Italy. A wealthy domestic market with stable economic conditions, a relatively lax regulatory environment compared to the EU, a dominant market position and a strong leadership team are some of the key growth drivers of the company. With a complete spectrum of state-of-the-art data services, from leased lines to integrated solutions for corporate and residential customers, Swisscom&#39;s healthy growth momentum is likely to continue. The stock carries a Zacks Rank #2 (Buy). 
Price and Consensus: SCMWY
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/chart 3_2024_07_12.jpg" style="height:471px; width:620px" /> 
Telefonica: Based in Madrid, Spain, Telefonica provides mobile and fixed communication services in Europe and Latin America. In recent years, Telefonica has invested heavily in the deployment and transformation of its network to provide excellent connectivity in terms of capacity, speed, coverage and security. The rollout of fiber and LTE (Long-Term Evolution) is set to drive considerable growth. Also, the company&#39;s 5G coverage has reached more than 2,800 towns and cities in the U.K. and about 116 cities in Brazil. The Zacks Consensus Estimate for current-year earnings has been revised upward by 9.7% since January 2024, while that for the next year is up 16.7% since July 2023. This Zacks Rank #2 stock has a VGM Score of A. The company delivered a trailing four-quarter earnings surprise of 46.3%, on average. 
Price and Consensus: TEF
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/chart 4_2024_07_12.jpg" style="height:468px; width:620px" />
Telenor: Headquartered in Fornebu, Norway, Telenor offers mobile communication, fixed-line communication and broadcasting services worldwide. The company has completed a $15-billion merger to emerge as a leading telecom services provider in Malaysia that is likely to contribute significantly toward the growth of the country&#39;s digital ecosystem and economy. The Zacks Consensus Estimate for current-year earnings has been revised upward by 85.9% since July 2023. Telenor has a VGM Score of B. This Zacks Rank #2 stock is up 8.5% over the past year. 
Price and Consensus: TELNY
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/chart 5_2024_07_12.jpg" style="height:442px; width:620px" />
<a href="https://www.zacks.com/commentary/2300776/3-stocks-from-the-thriving-communication-industry-to-bet-on?cid=CS-BENZ-FT-industry_outlook-2300776">To read this article on Zacks.com click here.</a>

<ul>
<li>Cisco and Telenor extend their relationship to advance shared strategic priorities to include sustainability, connectivity, security and managed services for critical industries.</li>
<li>Companies to collaborate on developing ‘always-on' solution for defense and public safety.</li>
<li>The two companies have collaborated on various initiatives including enhancing connected experiences for Telenor customers with improved 5G, cloud, data analysis, IoT, Open vRAN, Smart Building and security solutions.</li>
</ul>

CSCO

Cisco And Telenor Elevate Collaboration To Champion Inclusivity And Sustainability

Benzinga
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/10/29180587/credit-suisse-offers-to-buy-back-3b-in-debt-securities-in-the-backdrop-of-heightened-concerns-over-f" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Credit Suisse Floats Plan For $3B Debt Buyback</a>
<ul>
<li>Credit Suisse Group AG&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cs#NYSE">CS</a>) has offered to buy back its debt securities worth about $3 billion in the backdrop of concerns about the Swiss bank&#39;s financial health, which had dragged its share price and led to an increase in bets against its debt.</li>
<li>Credit Suisse&#39;s shares had briefly hit an all-time low on Monday, while its credit default swaps hit a record high in the backdrop of the market&#39;s concerns over the bank&#39;s future.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/22/10/29180525/key-apple-supplier-clocks-48-sales-growth-in-q3" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Key Apple Supplier Clocks 48% Sales Growth In Q3</a>
<ul>
<li>Taiwan Semiconductor Manufacturing Company Ltd&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tsm#NYSE">TSM</a>) reported a September revenue growth of 36.4% year-on-year to NT$208.25 billion.</li>
<li>Revenue for January through September 2022 totaled NT$1.64 trillion, up 42.6% Y/Y.</li>
<li>Revenue for the third quarter grew 48% Y/Y to NT$613 billion ($19.4 billion), above the consensus of NT$603 billion.</li>
<li>Apple Inc&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) most crucial chipmaker signals that the most prominent players in the $550 billion semiconductor industry may bypass the downturn helped by resilient demand for electronics products.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/asia/22/10/29178893/samsung-announces-32-drop-in-profit-guidance-for-third-quarter-heres-its-sales-forecast" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Samsung Shares Slide As Much As 2% On Bleak Q3 Profit View</a>
<ul>
<li>Samsung Electronics Co Ltd. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/sslnf#OTC">SSLNF</a>) reported earnings guidance for the third quarter, with the consolidated operating profit likely dropping nearly 32% to 10.8 trillion won compared to last year.</li>
<li>This is the first profit drop reported by the company since 2019.</li>
<li>Consolidated sales are estimated at approximately 76 trillion won, slightly higher than the 73.98 trillion won registered a year earlier.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/10/29181028/google-makes-its-data-center-debut-in-japan-marking-its-third-in-the-continent" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Google Opens Data Center In Japan</a>
<ul>
<li>Alphabet Inc.&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) Google will open its first data center in Japan next year.</li>
<li>The new facility, based in Inzai City, Chiba, will accelerate the operation of Google tools and services and support economic activity and jobs.</li>
<li>The Chiba data center is part of a $730 million investment in infrastructure that began in 2021 and will continue through 2024. That includes the Topaz subsea cable, likely to be ready for service in 2023.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/10/29180746/spotify-weeds-out-11-original-podcasts-possibly-making-room-for-upcoming-o-e-downsizes-staff-by-5" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Spotify Weeds Out 11 Original Podcasts; Downsizes Staff By 5%</a>
<ul>
<li>Spotify Technology S.A.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spot#NYSE">SPOT</a>) pulled 11 original podcasts from the platform.</li>
<li>It will impact studios Parcast and Gimlet and involve less than 5% layoffs from Spotify&#39;s podcast staff.</li>
<li>Spotify appears to be weeding out the failures, possibly making room for the several upcoming O&amp;E titles the company intends to announce in the weeks and months ahead.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/22/10/29182128/uk-study-shows-mercks-covid-19-antiviral-pill-did-not-cut-hospitalization-risk" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">UK Study: Merck&#39;s COVID-19 Antiviral Pill Did Not Cut Hospitalization Risk</a>
<ul>
<li>Merck &amp; Co Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mrk#NYSE">MRK</a>) and&nbsp;Ridgeback Biotherapeutics&nbsp;announced data from two real-world evidence studies evaluating Lagevrio (molnupiravir), an investigational oral antiviral COVID-19 medicine.</li>
<li>According to the results of a pivotal clinical trial in the UK, Merck&#39;s COVID-19 antiviral pill failed to show it can lower the risks of hospitalization and death among adults at higher risk from the disease.&nbsp;</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/10/29180580/telenor-to-sell-30-of-norway-fiber-company-for-1b" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Telenor Divests 30% Of Norway Fiber Company for $1B</a>
<ul>
<li>Telenor ASA&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/telnf#OTC">TELNF</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/telny#OTC">TELNY</a>) agreed to divest a minority stake in its Norway fiber assets to a consortium led by&nbsp;KKR &amp; Co Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kkr#NYSE">KKR</a>) and Oslo Pensjonsforsikring for 10.8 billion kroner ($1 billion).</li>
<li>The deal is part of a strategy by Norway&#39;s biggest telecommunications company to highlight the value of its infrastructure and free up capital to lay down more fiber in the country.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/22/10/29181009/british-fashion-retailer-superdry-returns-to-profit-emphasizes-refinancing-needs" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">British Fashion Retailer Superdry Returns To Profit; Emphasizes Refinancing Needs</a>
<ul>
<li>British fashion group&nbsp;Superdry&nbsp;ADR&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/sepgy#OTC">SEPGY</a>) has returned to profit in the fiscal year 2022, with an adjusted profit before tax of &pound;21.9 million versus a loss of &pound;(12.6) million in FY21.</li>
<li>Total revenue increased 9.6% to &pound;609.6 million year-on-year due to lapping enforced store closures and lifting restrictions in key markets.</li>
</ul>
Wall Street Journal
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/10/29181346/amid-fda-dispute-juul-labs-cancels-overseas-expansion-plans-refinances-some-debt" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Amid FDA Dispute, Juul Labs Cancels Overseas Expansion Plans</a>
<ul>
<li>Juul Labs Inc. is taking all necessary steps to stay afloat, CEO K.C. Crosthwaite says.&nbsp;Altria Group Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mo#NYSE">MO</a>) has a minority stake in the company.</li>
<li>Juul expects lay offs after scrapping expansion plans outside the U.S.</li>
<li>It has also refinanced its secured debt, giving it more time to explore more long-term options, the CEO added.</li>
</ul>
Reuters
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/10/29179259/amazon-said-to-halt-live-tests-of-scout-automated-delivery-robot" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Amazon Will Halt Live Tests Of &#39;Scout&#39; Delivery Bots</a>
<ul>
<li>Amazon.com Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) has reportedly halted the live testing of its automated delivery robot &quot;Amazon Scout.&quot;</li>
<li>The e-commerce giant found that the program failed to meet customer needs.</li>
<li>An Amazon spokesperson told the newswire it was &quot;reorienting&quot; the program instead of complete abandonment, and workers would be matched to other open roles at the company.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/10/29181433/microsoft-faces-eu-antitrust-probe-over-activision-deal" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">EU Asks: Will Microsoft Block Peers Following Activision Deal?</a>
<ul>
<li>EU antitrust regulators grilled game developers about whether&nbsp;Microsoft Corp&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) will be incentivized to block rivals&#39; access to &quot;Call of Duty&quot; maker&nbsp;Activision Blizzard Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atvi#NASDAQ">ATVI</a>) best-selling games.</li>
<li>The EU competition enforcer also asked if Activision&#39;s trove of user data would give Microsoft a competitive advantage in developing, publishing, and distributing computer and console games.</li>
<li>EU antitrust regulators are due to make a preliminary decision by November 8 on whether to clear Microsoft&#39;s proposed $69 billion acquisition.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/10/29181164/toyota-fears-information-leak-from-its-telematics-service" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Toyota Fears Information Leak From Its Telematics Service</a>
<ul>
<li>Toyota Motor Corp&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tm#NYSE">TM</a>) fears that about 296,000 pieces of customer information from its T-Connect service might have been leaked.</li>
<li>The affected customers are individuals who signed up to the service&#39;s website using their email addresses since July 2017.</li>
<li>Toyota denied any possibility of a leak in users&#39; sensitive personal information.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/large-cap/22/10/29181616/walmart-to-let-go-more-than-1-000-employees-at-atlanta-fulfillment-center" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Walmart To Let Go More Than 1,000 Employees In Atlanta</a>
<ul>
<li>As per a Worker Adjustment and Retraining Notification,&nbsp;Walmart Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wmt#NYSE">WMT</a>) looks to lay off 1,458 workers at the e-commerce fulfillment center in Fulton Parkway in Atlanta, Georgia.</li>
<li>&quot;We&#39;re converting the fulfillment center on Fulton Parkway to support our growing WFS (Walmart Fulfillment Services) business.</li>
</ul>
CNBC
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/10/29181618/adidas-puts-kanye-west-tie-under-review" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Adidas Holds Kanye West Tie Under Review</a>
<ul>
<li>Adidas AG&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/addyy#OTC">ADDYY</a>) is reviewing its relationship with rapper Kanye West following recent issues when the rapper publicly accused Adidas CEO of not providing him control over Yeezy.</li>
<li>Adidas announced its partnership with West in 2013. West also agreed in 2016 to manufacture and distribute items from his Yeezy clothing line.</li>
<li>In September, West terminated Yeezy&#39;s partnership with&nbsp;Gap Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gps#NYSE">GPS</a>).</li>
</ul>

Amazon Halts Delivery Bots; Merck's Covid-19 Pill Didn't Reduce Risk; Samsung Profits Slip; Adidas Reviews Relationship With Kanye: Top Stories Friday, Oct. 7

<ul>
<li>Telenor ASA&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/telnf#OTC">TELNF</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/telny#OTC">TELNY</a>) agreed to divest a minority stake in its Norway fiber assets to a consortium led by&nbsp;KKR &amp; Co Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kkr#NYSE">KKR</a>) and Oslo Pensjonsforsikring&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/10/tr29180424/telenor-establishes-fibre-company-in-norway" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">for 10.8 billion kroner ($1 billion)</a>.</li>
<li>The deal is part of a strategy by Norway&rsquo;s biggest telecommunications company to highlight the value of its infrastructure and free up capital to lay down more fiber in the country,&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2022-10-07/telenor-to-sell-30-of-norway-fiber-company-for-about-1-billion?sref=TBDibEcD" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Bloomberg</a>&nbsp;reports.</li>
<li>The price represents an enterprise value for the Norwegian fiber business of 36.1 billion kroner.</li>
<li>Also Read:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/05/27467789/telecom-italia-seeks-to-divest-21-5b-landline-network-to-cut-down-on-debt-commence-fiber-launch" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Telecom Italia Seeks To Divest $21.5B Landline Network To Cut Down On Debt, Commence Fiber Launch</a></li>
<li>Telenor plans to use part of the proceeds to buy back shares.</li>
<li>The business generated a proforma EBITDA of 1.7 billion kroner in 2021.</li>
<li>The newly established company is a subsidiary of Telenor and will be a part of the Infrastructure business area.</li>
<li>It will own the passive fiber assets in Norway and includes 130,000 kilometers (81,000 miles) of cable.</li>
<li>Telenor maintains control of the company with 70% of the shares.</li>
<li>The transaction will likely be complete in early 2023.</li>
<li>Price Action:&nbsp;TELNF shares closed at $8.95 on Thursday.</li>
</ul>

&nbsp;
Telenor (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TELNY#OTC">TELNY</a>) reported its Q4 earnings results on Wednesday, February 2, 2022 at 03:00 AM.
Here&#39;s what investors need to know about the announcement.
<h3>Earnings</h3>
Telenor missed estimated earnings by 75.68%, reporting an EPS of $0.09 versus an estimate of $0.37, which surprised analysts.
Revenue was up $203.00 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.09, which was followed by a 2.21% drop in the share price the next day.
&nbsp;
To track all upcoming earnings announcements, click to use <a href="https://www.benzinga.com/calendars/earnings">Benzinga Earnings Calendar</a>.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

Telenor: Q4 Earnings Insights

<ul>
<li>Telenor ASA&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/telnf#OTC">TELNF</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/telny#OTC">TELNY</a>) and&nbsp;Alphabet Inc&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) Google Cloud&nbsp;<a class="editor-rtfLink" href="https://www.telenor.com/media/press-release/telenor-and-google-cloud-form-strategic-partnership" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">collaborated to digitalize</a>&nbsp;the Norwegian telecom company&#39;s global operations and are exploring ways to offer services to customers jointly.</li>
<li>The firms will use Google Cloud&#39;s services to boost Telenor&#39;s IT and network and collaborate to provide Telenor&#39;s customers with digital tools.</li>
<li>Oslo-based Telenor serves 172 million customers.</li>
<li>With networks increasingly reliant on software, Telenor needs to build a cloud-based business, and Google&#39;s abilities in providing data management knowledge, machine learning, and artificial intelligence make it a good fit, CEO Sigve Brekke said,&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/technology/telenor-google-cloud-partner-up-digitalise-telecom-operations-2021-11-15/" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Reuters reports</a>.</li>
<li>Among the first services, the two envisage jointly providing a platform to help small- and medium-sized enterprises (SMEs) transform to digital operations.</li>
<li>Price Action:&nbsp;GOOG shares traded higher by 0.63% at $3011.8 in the premarket session on the last check Monday.</li>
</ul>

Key Takeaways From Telenor, Google Cloud Collaboration

<ul>
<li>Telenor ASA&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/telny#OTC">TELNY</a>)&nbsp;<a href="https://www.telenor.com/media/press-release/back-to-growth" target="_blank">reported a second-quarter</a>&nbsp;FY21 revenue decline of 6.3% year-on-year to about NOK 27.2 billion.</li>
<li>Organic revenue grew 3.3% Y/Y.</li>
<li>Subscription and traffic revenues increased by 2% Y/Y on an organic basis.</li>
<li>The growth reflects strong performance in the Nordics combined with a growing subscriber base and increased data consumption in the Asian markets.</li>
<li>The company&rsquo;s mobile subscriber base rose by 1.7 million.</li>
<li>Organic EBITDA grew 3.6% Y/Y.</li>
<li>EBITDA margin remained flat at 45.5%.</li>
<li>The net income was about NOK 2.2 billion.</li>
<li>The&nbsp;<a href="https://www.telenor.com/wp-content/uploads/2020/11/Telenor-Group-Q2-2021-Report-e64e6336c8d9354c12589a1356e1f117.pdf" target="_blank">company generated</a>&nbsp;NOK 9.8 billion in net cash flow from operating activities.</li>
<li>It held NOK 19.7 billion in cash and equivalents.</li>
<li>Outlook: It currently sees organic subscription and traffic revenues growth of 0-1%, organic EBITDA growth of 0-2% in FY21.</li>
<li>In June, Telenor paid the first tranche of the dividend for 2020 of NOK 6.7 billion or NOK 5.0 per share.</li>
<li>On July 8,&nbsp;<a href="https://www.telenor.com/media/press-release/telenor-group-sells-telenor-myanmar-to-m1-group%e2%80%af" target="_blank">the Group announced an</a>&nbsp;agreement to sell its operations in Myanmar.&nbsp;</li>
<li>Price action:&nbsp;TELNY shares are trading up by 2.91% at $17.05 on the last check Tuesday.</li>
</ul>

Guidance

Telenor Stock Gains On Q2 Subscriber Growth

<ul>
<li>Axiata Group Bhd&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/axxtf#OTC">AXXTF</a>) and&nbsp;Telenor ASA&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/telnf#OTC">TELNF</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/telny#OTC">TELNY</a>) collaborated to combine their Malaysian mobile operations,&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2021-06-21/axiata-telenor-said-to-ink-11-billion-deal-for-malaysia-tie-up?srnd=technology-vp&amp;sref=TBDibEcD" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Bloomberg reports</a>.</li>
<li>The deal is valued at $15 billion,&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/business/media-telecom/axiata-telenor-sign-deal-merge-malaysian-telecoms-units-2021-06-21/" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Reuters reports</a>.</li>
<li>In April, the companies announced advanced discussions to merge Celcom and Digi.</li>
<li>Axiata will transfer its stake in Celcom Axiata Bhd. to&nbsp;Digi.com Bhd&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/digbf#OTC">DIGBF</a>) for 17.8 billion ringgits for shares and 1.7 billion ringgits in cash from Digi, and 300 million ringgits from Telenor. The merged entity will have a &ldquo;pre-synergy equity value&rdquo; of 50 billion ringgits ($12.1 billion).</li>
<li>Axiata and Telenor will have equal ownership of 33.1% each in the entity known as Celcom Digi Bhd. The entity will have an estimated subscriber base of 19 million, revenue of $3 billion, and profit of $1.4 billion. The arrangement is estimated to lead to cost and Capex synergies of 2 billion ringgits on a net present value basis.</li>
<li>Celcom Digi&rsquo;s main competitor will be Maxis Bhd (OTC: <a class="ticker" href="https://www.benzinga.com/stock/maxsf#OTC">MAXSF</a>).</li>
<li>The transaction is estimated to complete by Q2 of 2022.</li>
<li>Celcom Digi will also dedicate 250 million ringgits over five years to build an innovation center in the capital city of Kuala Lumpur.</li>
<li>Price action:&nbsp;TELNY shares closed lower by 1.95% at $16.68 on Friday.</li>
</ul>

AXXTF

DIGBF

MAXSF

Axiata, Telenor Partner To Merge Malaysian Operations In $12.1B Deal: Report

<h3>Companies Reporting Before The Bell</h3>
&bull; Abbott Laboratories Inc. (NYSE:<a class="ticker" href="/stock/ABT#NYSE">ABT</a>) is expected to report quarterly earnings at $0.41 per share on revenue of $6.75 billion.
&bull; Morgan Stanley Inc. (NYSE:<a class="ticker" href="/stock/MS#NYSE">MS</a>) is estimated to report quarterly earnings at $1.12 per share on revenue of $10.31 billion.
&bull; Johnson &amp; Johnson Inc. (NYSE:<a class="ticker" href="/stock/JNJ#NYSE">JNJ</a>) is estimated to report quarterly earnings at $1.48 per share on revenue of $17.50 billion.
&bull; Bank of America Inc. (NYSE:<a class="ticker" href="/stock/BAC#NYSE">BAC</a>) is estimated to report quarterly earnings at $0.27 per share on revenue of $22.01 billion.
&bull; Domino&#39;s Pizza Inc. (NYSE:<a class="ticker" href="/stock/DPZ#NYSE">DPZ</a>) is estimated to report quarterly earnings at $2.21 per share on revenue of $909.24 million.
&bull; Charles Schwab Inc. (NYSE:<a class="ticker" href="/stock/SCHW#NYSE">SCHW</a>) is expected to report quarterly earnings at $0.52 per share on revenue of $2.47 billion.
&bull; American River Bankshares Inc. (NASDAQ:<a class="ticker" href="/stock/AMRB#NASDAQ">AMRB</a>) is estimated to report quarterly earnings at $0.23 per share on revenue of $6.78 million.
&bull; Badger Meter Inc. (NYSE:<a class="ticker" href="/stock/BMI#NYSE">BMI</a>) is estimated to report quarterly earnings at $0.34 per share on revenue of $98.65 million. 
&bull; Home BancShares Inc. (NASDAQ:<a class="ticker" href="/stock/HOMB#NASDAQ">HOMB</a>) is expected to report quarterly earnings at $0.26 per share on revenue of $165.62 million.
&bull; J.Jill Inc. (NYSE:<a class="ticker" href="/stock/JILL#NYSE">JILL</a>) is estimated to report quarterly loss at $0.12 per share on revenue of $146.90 million.
&bull; Secoo Holding Inc. (NASDAQ:<a class="ticker" href="/stock/SECO#NASDAQ">SECO</a>) is estimated to report earnings for its first quarter.
&bull; Truist Financial Inc. (NYSE:<a class="ticker" href="/stock/TFC#NYSE">TFC</a>) is expected to report quarterly earnings at $0.68 per share on revenue of $5.52 billion.
&bull; Taiwan Semiconductor Inc. (NYSE:<a class="ticker" href="/stock/TSM#NYSE">TSM</a>) is expected to report quarterly earnings at $0.71 per share on revenue of $10.35 billion.
&bull; AngioDynamics Inc. (NASDAQ:<a class="ticker" href="/stock/ANGO#NASDAQ">ANGO</a>) is expected to report quarterly earnings at $0.06 per share on revenue of $64.30 million.
&bull; Insteel Indus Inc. (NASDAQ:<a class="ticker" href="/stock/IIIN#NASDAQ">IIIN</a>) is expected to report quarterly earnings at $0.17 per share on revenue of $115.45 million.
&bull; WNS (Hldgs) Inc. (NYSE:<a class="ticker" href="/stock/WNS#NYSE">WNS</a>) is expected to report quarterly earnings at $0.14 per share on revenue of $179.32 million.
&nbsp;
<h3>Companies Reporting After The Bell</h3>
&bull; Netflix Inc. (NASDAQ:<a class="ticker" href="/stock/NFLX#NASDAQ">NFLX</a>) is estimated to report quarterly earnings at $1.81 per share on revenue of $6.08 billion.
&bull; PPG Industries Inc. (NYSE:<a class="ticker" href="/stock/PPG#NYSE">PPG</a>) is expected to report quarterly earnings at $0.71 per share on revenue of $2.78 billion.
&bull; F N B Inc. (NYSE:<a class="ticker" href="/stock/FNB#NYSE">FNB</a>) is expected to report quarterly earnings at $0.12 per share on revenue of $299.75 million.
&bull; Aehr Test Systems Inc. (NASDAQ:<a class="ticker" href="/stock/AEHR#NASDAQ">AEHR</a>) is expected to report quarterly earnings at $0.03 per share on revenue of $4.58 million.
&bull; Frequency Electronics Inc. (NASDAQ:<a class="ticker" href="/stock/FEIM#NASDAQ">FEIM</a>) is expected to report earnings for its fourth quarter.
&bull; JB Hunt Transport Servs Inc. (NASDAQ:<a class="ticker" href="/stock/JBHT#NASDAQ">JBHT</a>) is estimated to report quarterly earnings at $0.83 per share on revenue of $2.01 billion.
&bull; Marten Transport Inc. (NASDAQ:<a class="ticker" href="/stock/MRTN#NASDAQ">MRTN</a>) is estimated to report quarterly earnings at $0.23 per share on revenue of $205.37 million.
&bull; Western Alliance Inc. (NYSE:<a class="ticker" href="/stock/WAL#NYSE">WAL</a>) is estimated to report quarterly earnings at $0.78 per share on revenue of $307.92 million.

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