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An announcement from Telenor ( (GB:0G8C) ) is now available.
Telenor has agreed to form a 50/50 joint ownership structure with growth investor Verdane for its managed IoT subsidiary Telenor Connexion, valuing the business at SEK 7.5 billion and crystallising an 18x 2025 EBITDA multiple. The deal, which will see Telenor Connexion reclassified as an associated company, combines Telenor’s global industrial platform with Verdane’s capital and active ownership to accelerate organic growth and acquisitions in a fast‑growing IoT market, supported by a new governance structure led by incoming independent chair Pekka Lundmark and a shared commitment of SEK 4 billion in fresh growth capital.
The most recent analyst rating on (GB:0G8C) stock is a Hold with a NOK167.00 price target. To see the full list of analyst forecasts on Telenor stock, see the GB:0G8C Stock Forecast page.
More about Telenor
Telenor Group is a leading telecommunications and technology operator in the Nordics and Asia, serving more than 200 million customers and generating around NOK 80 billion in annual revenue. Listed on the Oslo Stock Exchange under the ticker TEL, it focuses on connectivity and digital services, leveraging its 165‑year heritage to deliver secure, sustainable and inclusive solutions.
Average Trading Volume: 1,463,659
Current Market Cap: NOK211.1B
For a thorough assessment of 0G8C stock, go to TipRanks’ Stock Analysis page.