Telenor ASA stock | Growth outlook for 2026 & price target

Telenor ASA

OB:TEL

kr 145,00

kr0,00 (0,00%)

145,00 kr

kr0,00 (0,00%)

End-of-day quote: 12/05/2025

Telenor ASA Stock Value

The current analyst rating for OB:TEL is Outperform.

Outperform

Telenor ASA Company Info

EPS Growth 5Y

8,72%

Market Cap

kr198,18 B

Long-Term Debt

kr72,73 B

Annual earnings

02/06/2026

Dividend

kr9,60

Dividend Yield

6,62%

Founded

1855

Industry

Communication Services

Country

Norway

Website

Telenor ASA

ISIN Number

NO0010063308

Website

http://www.telenor.com

Analyst Price Target

kr166,00

14.48%

Last Update: 12/06/2025

Analysts: 17

Highest Price Target kr210,00

Average Price Target kr166,00

Lowest Price Target kr138,00

In the last five quarters, Telenor ASA’s Price Target has risen from kr127,19 to kr153,42 - a 20,62% increase. Five analysts predict that Telenor ASA’s share price will increase in the coming year, reaching kr166,00. This would represent an increase of 14,48%.

Top growth stocks in the communication services sector (5Y.)

What does Telenor ASA do?

Telenor ASA is a leading provider of technology-driven communication services with a strong presence in the Nordic and Asian markets. The company focuses on delivering innovative solutions that cater to the diverse needs of its customers, ranging from individual consumers to large enterprises. The company operates in a highly competitive landscape, where it strives to maintain its position as a frontrunner in the telecommunications industry. The company believes in the transformative power of...

The company operates in a highly competitive landscape, where it strives to maintain its position as a frontrunner in the telecommunications industry. The company believes in the transformative power of connectivity and aims to provide reliable, secure, and efficient communication services to its customers.

The company has consistently invested in infrastructure and technology to enhance its service offerings, ensuring that it remains at the forefront of innovation in the telecommunications sector. The company emphasizes sustainability and corporate responsibility, aiming to create value not only for its shareholders but also for the communities in which it operates. The company’s commitment to sustainability is reflected in its various initiatives aimed at reducing its environmental impact and promoting digital inclusion.

In addition to its telecommunications services, the company is involved in various investments and partnerships that extend beyond its core business. The company actively seeks opportunities to leverage emerging technologies and expand its service portfolio, thereby enhancing its competitive edge in the market. The company’s focus on customer-centric solutions and its ability to adapt to market trends position it as a key player in the global telecommunications industry.

Business Segments

The company operates through several key business segments that allow it to effectively serve its diverse customer base. The primary segments include,

Mobile Communication

This segment encompasses the provision of mobile voice and data services to individual consumers and businesses. The company offers a range of mobile plans, including prepaid and postpaid options, catering to different customer needs. The company’s mobile communication services are supported by a robust network infrastructure that ensures high-quality connectivity and coverage.

Fixed line Communication

The company provides fixed-line telephony and broadband services to residential and business customers. This segment focuses on delivering reliable internet connectivity and voice services through various technologies, including fiber optics and DSL. The company’s investment in expanding its fixed-line network enhances its ability to offer high-speed internet services to customers.

Digital Services

In response to the growing demand for digital solutions, the company has developed a range of digital services that complement its traditional telecommunications offerings. This segment includes services such as digital payments, cloud solutions, and Internet of Things (IoT) applications. The company’s digital services are designed to enhance customer experience and drive operational efficiency for businesses.

Enterprise Solutions

The company serves the needs of businesses through its enterprise solutions segment, which includes customized communication and IT solutions. The company provides services such as unified communications, managed services, and cybersecurity solutions to help businesses optimize their operations and enhance productivity.

International Operations

The company has a significant presence in several international markets, particularly in Asia. The company’s international operations focus on providing mobile and digital services to millions of customers in countries such as Thailand, Malaysia, and Bangladesh. This segment allows the company to leverage growth opportunities in emerging markets and diversify its revenue streams.

By strategically aligning its business segments, the company aims to deliver comprehensive communication solutions that meet the evolving needs of its customers while driving sustainable growth.

Business Strategy

The company’s business strategy is centered on growth, innovation, and sustainability. The company aims to enhance its market position by focusing on the following strategic priorities:

Customer-Centric Approach

The company places a strong emphasis on understanding and meeting the needs of its customers. By leveraging data analytics and customer insights, the company aims to deliver personalized services that enhance customer satisfaction and loyalty. The company’s commitment to providing exceptional customer service is a key driver of its business strategy.

Innovation and Digital Transformation

The company recognizes the importance of innovation in maintaining its competitive edge. The company invests significantly in research and development to explore new technologies and service offerings. The company’s focus on digital transformation enables it to adapt to changing market dynamics and leverage emerging trends, such as 5G technology and IoT.

Sustainability and Corporate Responsibility

The company is dedicated to promoting sustainability and social responsibility in its operations. The company aims to reduce its environmental impact through various initiatives, including energy efficiency measures and the promotion of digital inclusion. The company’s commitment to sustainability is integral to its business strategy and reflects its values as a responsible corporate citizen.

Strategic Partnerships and Collaborations

The company actively seeks partnerships and collaborations that enhance its service offerings and market reach. By working with technology providers, startups, and other stakeholders, the company aims to foster innovation and explore new business opportunities.

Operational Efficiency

The company is focused on optimizing its operations to improve efficiency and reduce costs. The company implements best practices in resource management and leverages technology to streamline its processes.

Through these strategic priorities, the company aims to drive sustainable growth and create long-term value for its stakeholders.

Products and Services

The company offers a diverse range of products and services that cater to the needs of individual consumers, businesses, and organizations. The company’s offerings include,

Mobile Services

The company provides a variety of mobile services, including voice and data plans, SMS, and value-added services. The company’s mobile services are designed to meet the needs of different customer segments, from casual users to heavy data consumers.

Fixed line Services

The company offers fixed-line telephony and broadband services, providing customers with reliable internet connectivity and voice communication options. The company’s fixed-line services are supported by advanced technologies, ensuring high-speed access and quality service.

Digital Solutions

The company has expanded its portfolio to include digital solutions such as mobile payments, e-commerce platforms, and cloud services. These solutions are designed to enhance customer convenience and enable businesses to operate more efficiently in the digital age.

IoT Solutions

The company provides Internet of Things (IoT) solutions that enable businesses to connect and manage devices remotely. The company’s IoT offerings include smart city applications, fleet management solutions, and connected home services, helping organizations harness the power of connectivity.

Enterprise Services

The company offers a range of enterprise services, including unified communications, managed IT services, and cybersecurity solutions. These services are tailored to meet the unique needs of businesses, helping them enhance productivity and secure their operations.

Through its comprehensive suite of products and services, the company aims to empower customers and drive digital transformation across various sectors.

Geographical Markets Served

The company operates in several geographical markets, with a strong presence in both the Nordic and Asian regions. The company serves millions of customers across multiple countries, including,

Nordic Markets

The company has a significant presence in the Nordic countries, including Norway, Sweden, Denmark, and Finland. The company provides a wide range of telecommunications services to both residential and business customers in these markets.

Asian Markets

The company has established a strong foothold in several Asian countries, including Thailand, Malaysia, Bangladesh, and Pakistan. The company’s operations in Asia focus on providing mobile and digital services to millions of customers, leveraging the region's growing demand for connectivity.

Emerging Markets

The company actively seeks growth opportunities in emerging markets, where it aims to expand its customer base and enhance its service offerings. The company’s strategic investments in these markets position it for long-term growth and success.

Business

The company is continually evaluating its portfolio to optimize its business operations and focus on core markets. The company has made strategic decisions regarding acquisitions and divestitures to enhance its market position. Recent activities include,

Sale of Telenor Pakistan

The company announced the sale of its telecommunications business in Pakistan to PTCL, a transaction that is expected to be completed in 2024. This strategic move allows the company to streamline its operations and focus on its core markets in the Nordic and Asian regions.

Acquisitions in Digital Services

The company has pursued acquisitions that enhance its digital service offerings, enabling the company to expand its capabilities in areas such as IoT and digital payments. These acquisitions align with the company’s strategy to drive innovation and deliver value-added services to customers.

Seasonality

The company experiences some seasonality in its business operations, particularly in relation to mobile services. The demand for telecommunications services fluctuates based on various factors, including,

Holiday Seasons

During holiday periods, there is often an increase in mobile usage as customers operate in communication with family and friends. This seasonal spike can lead to higher demand for data and voice services.

Promotional Campaigns

The company frequently launches promotional campaigns to attract new customers and retain existing ones. The success of these campaigns can vary throughout the year, impacting service usage patterns.

Economic Factors

Economic conditions and consumer spending patterns also influence the demand for telecommunications services. The company monitors these trends to adapt its offerings and marketing strategies accordingly.

Customers

The company serves a diverse customer base that includes individual consumers, small and medium-sized enterprises (SMEs), and large corporations. The company’s customer segments include,

Individual Consumers

The company provides mobile and fixed-line services to millions of individual customers, offering a variety of plans and packages to meet their communication needs.

Small and Medium-Sized Enterprises (SMEs)

The company offers tailored solutions for SMEs, including mobile services, fixed-line connectivity, and digital solutions that help businesses enhance their operations.

Large Corporations

The company serves large corporations with comprehensive enterprise solutions, including managed services, cybersecurity, and unified communications.

The company’s ability to cater to various customer segments positions it as a leading telecommunications provider in its markets.

Sales and Marketing

The company employs a multi-channel approach to sales and marketing, utilizing various strategies to reach its customers effectively. The company’s marketing and distribution channels include,

Direct Sales

The company operates in direct sales through its retail stores, where customers can explore products and services and receive personalized assistance.

Online Sales

The company offers online sales through its website and mobile applications, providing customers with the convenience of purchasing services and managing their accounts digitally.

Partnerships

The company collaborates with various partners, including retailers and technology providers, to expand its distribution network and enhance its service offerings.

Marketing Campaigns

The company implements targeted marketing campaigns to promote its services and operate with customers through various channels, including digital marketing, social media, and traditional advertising.

Through its comprehensive sales and marketing strategies, the company aims to enhance customer engagement and drive growth in its markets.

History

Telenor ASA was founded in 1855. The company was incorporated in 2000.

Telenor ASA Questions and Answers

Which sectors generate sales and which are the top 3 markets?

Telecommunications services: 70% Digital services: 20% Infrastructure and networks: 10% Top 3 markets: Norway: 30% Thailand: 25% Bangladesh: 20% Telenor ASA generates the majority of its revenue from telecommunications services, accounting for approximately 70% of total revenue. This includes mo...

At which locations are the company’s products manufactured?

Production Sites: Norway, Sweden, Denmark, Finland, Asia (especially Thailand, Malaysia, Bangladesh, Pakistan) Telenor ASA is a Norwegian telecommunications company that mainly offers services in the mobile, broadband, and TV sectors. The company does not operate traditional production facilities as...

What strategy does Telenor ASA pursue for future growth?

Revenue Growth: Estimated at 4-5% annually (2025 estimate) Investments in 5G: Over 1 billion NOK annually (2025 estimate) Digitalization Strategy: Focus on digital services and IoT Telenor ASA is pursuing a growth strategy that heavily focuses on the advancement and expansion of its 5G infrastructur...

Which raw materials are imported and from which countries?

Main materials: Telecommunications equipment, fiber optic cables, electronic components Main supplier countries: China, Germany, South Korea Telenor ASA mainly imports telecommunications equipment and electronic components necessary for the operation and expansion of their network infrastructure. Th...

How strong is the company’s competitive advantage?

Market share in Scandinavia: approximately 30% (2024) EBITDA margin: 42% (2024) Investments in 5G infrastructure: 1.5 billion USD (2023) Telenor ASA has a significant competitive advantage, especially in the Scandinavian countries, where the company holds a market share of around 30%. This strong ma...

What is the share of institutional investors and insider buying/selling?

Institutional Investor Share: approximately 55% (estimated 2025) Insider Buys/Sells: No significant transactions in the last year (estimated 2025) The institutional investor share in Telenor ASA is around 55%. This demonstrates the confidence of institutional investors in the long-term stability and...

What percentage market share does Telenor ASA have?

Market share of Telenor ASA: 12% (2025, estimated) Top competitors and their market shares: Deutsche Telekom AG: 18% (2025, estimated) Vodafone Group: 16% (2025, estimated) Orange S.A.: 14% (2025, estimated) Telenor ASA: 12% (2025, estimated) Telefonica S.A.: 10% (2025, estimated) BT Group: 8% (202...

Is Telenor ASA stock currently a good investment?

Revenue Growth: 3.5% (2024) Profit Growth: 4.2% (2024) Net Debt Ratio: 1.8 (2024) Dividend Yield: 5.0% (2024) Telenor ASA recorded a moderate revenue growth of 3.5% in 2024, driven by stable income from its core markets. The profit growth of 4.2% indicates a slight improvement in operational efficie...

Does Telenor ASA pay a dividend – and how reliable is the payout?

Dividend Yield: 5.2% (estimated for 2025) Dividend History: Stable payout over the last 5 years Telenor ASA is known for its reliable dividend policy. The company has consistently paid out dividends in recent years, indicating a solid financial foundation and strong cash flow generation. The divid...

Telenor ASA Stock Value

Telenor ASA Company Info

Analyst Price Target

Top growth stocks in the communication services sector (5Y.)

What does Telenor ASA do?

Telenor ASA Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal