Tag: telenor

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Hungary to buy stake in mobile provider

July 16, 2019, 10:08 am
The Hungarian government could acquire a25% stake in mobile phone provider Telenor Hungary before the end of the year, the daily Népszava reported citing several sources. According to sources, the government... 

Hungary's Telenor may be renamed Pannon or O2

August 30, 2018, 10:24 am
Czech PPF Group acquired Telenor’s operations in four Central and Eastern European countries in the spring. One of them was the Hungarian subsidiary. Forbes magazine has published an interview with... 

Takeover of Telenor's CEE assets concludes

August 1, 2018, 9:20 am
PPF announced at the end of March that it is taking over the telecommunication assets of Telenor in Central and Eastern Europe, specifically in Bulgaria, Hungary, Montenegro and Serbia. The transaction... 

Telenor sells CEE operations - What should Hungarian clients expect?

March 21, 2018, 10:50 am
Norwegian mobile carrier Telenor has announced on Wednesday that it is selling its Central and Eastern European assets, its operations in Bulgaria, Hungary, Montenegro and Serbia, to the Czech PPF Group.... 

Telenor sells Central and Eastern European assets

March 21, 2018, 8:18 am
Norway’s Telenor has announced on Wednesday the sale of its assets in Central and Eastern Europe to the Czech PPF Group for EUR 2.8 billion on an enterprise value basis. CEE operations sold in... 

Telenor Hungary may have as many as three suitors

February 19, 2018, 11:12 am
Market rumours are now about three companies showing interest to buy the Hungarian, Bulgarian, Serbian and Montenegrin operations of Norwegian telecommunications group Telenor. They are Lőrinc Mészáros... 

Hungary's 'Mészáros & Co.' remains interested in local Telenor arm

February 16, 2018, 8:34 am
Hungary’s Konzum Nyrt., an interest of Lőrinc Mészáros, an ally of Prime Minister Viktor Orbán, maintains its interest in the telecommunications sector, Chairman-CEO Gellért Jászai told InfoRadio... 

Czech group may also be eying Telenor operations

February 7, 2018, 9:24 am
The exit of Telenor from Hungary has been in the news for a while now, and rumours have started recently about the potential buyer(s). It has emerged that Konzum Group, an interest of Lőrinc Mészáros... 

Hungary's 'Team Mészáros' possibly made bid on local Telenor unit

January 31, 2018, 3:50 pm
A potential exit of Norwegian mobile carrier from Hungary has been on the news for days, but we have not heard of the new potential owner - until now! Portfolio has learned from market sources that Konzum... 

Telenor announces plans for major job cuts

January 31, 2018, 11:39 am
Management of Telenor Group announced several plans and expectations after the release of the mobile company’s earnings report for the fourth quarter of 2017 on Wednesday. The key announcement for... 

Telenor may sell Hungarian unit

January 26, 2018, 4:11 pm
Norway’s Telenor has received a bid for its mobile phone operations in Central and Eastern Europe, and will evaluate its options, the company said on Friday. The potential deal involves the Telenor’s... 

Competition watchdog inspects Telenor, Telekom Hungary

January 26, 2018, 8:34 am
Hungary’s competition watchdog GVH held an unannounced spot inspection at the headquarters of Magyar Telekom and Telenor Magyarország on Wednesday, the GVH said on Thursday. In a competition procedure... 

Telenor Hungary CXO moves to become CEO of Telenor Bulgaria

July 25, 2017, 11:27 am
Telenor Hungary’s Chief Experience Officer (CXO) Ole Bjørn Sjulstad has been appointed CEO of Telenor Bulgaria as of 1 August, the company has announced on Tuesday. His position will be taken... 

Telenor raises earnings margin outook after robust Q2 performance

July 17, 2017, 9:26 am
Norwegian telecommunications group Telenor has increased its revenues and profit in the second quarter of 2017, and its profitability improved significantly. The company raised its outlook for 2017 earnings... 

Telenor takes over EUR 1 billion worth of dividend out of Hungary

June 1, 2017, 3:25 pm
Revenues of large telecom companies operating in Hungary dropped in annual terms in 2016, whereas their profit jumped. That is partly why they were all able to pay their respective owners much larger dividends... 

Hungary competition watchdog fines Telenor

March 8, 2017, 1:32 pm
Hungary’s competition watchdog GVH has repeatedly imposed fines on local telecom companies. In January, Magyar Telekom was shocked with a gigantic 600 million forint fine. Now it’s Telenor’s... 

Telenor plans major staff cut in Hungary

February 20, 2017, 1:05 pm
Portfolio has learned from several sources that Telenor will lay off nearly 10% of its headcount in Hungary; The downsizing will not affect employees in Telenor stores, customer service or those directly... 

Telenor profit collapses in Q2

July 19, 2016, 11:42 am
Telenor Group already has a mobile costumer base of 211 million, an addition of 3.4 million subscribers in the second quarter of 2016, the Norwegian telecom operator reported on Tuesday. The number of... 

Hungarian Telenor pays HUF 300 bn dividend in last 5 yrs

June 1, 2016, 3:13 pm
Revenues of Hungary’s largest telecommunication companies rose further in 2015, whereas the turnover of smaller telcos dropped. The common denominator is that the profitability of all of them worsened... 

Telenor under pressure on its home turf

April 27, 2016, 2:11 pm
Norwegian mobile carrier Telenor grew mainly on emerging markets, Bangladesh, India and Mianmar, but competition is fierce on the Norwegian market and the company is also pressured by contracting fixed-line... 
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