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Telenor Delivers Solid Q1 2026 Amid Market Turbulence and Tightens Growth Outlook

Story Highlights
  • Telenor posted solid Q1 2026 results with resilient Nordic growth but faced headwinds in Finland and Bangladesh.
  • The company monetised its Thai stake, plans major share buybacks, and trimmed 2026 growth guidance while maintaining strong cash generation.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Meet Samuel – Your Personal Investing Prophet

Telenor ( (GB:0G8C) ) has issued an announcement.

Telenor reported robust operational results for the first quarter of 2026 despite turbulence in global markets, with service revenues of NOK 14.8 billion and organic growth in service revenues and adjusted EBITDA. Performance was supported by solid Nordic trends, particularly in Norway, while growth was constrained by weaker conditions in Finland and a challenging market and macro environment in Bangladesh.

The group advanced its strategic simplification by completing the first part of the sale of its 30 percent stake in Thai operator True, generating about NOK 30 billion in proceeds and paving the way for a planned three-year NOK 15 billion share buyback. Management highlighted a solid financial position that allows both higher shareholder returns and continued investment in Nordic networks, as well as a rising cyberthreat landscape where Telenor’s security solutions blocked hundreds of millions of malicious digital events in Norway, underscoring its role in protecting customers and critical infrastructure.

The company updated its 2026 outlook to reflect more modest expectations, now guiding to low single-digit organic growth in Nordic service revenues and adjusted EBITDA, and flat to low single-digit EBITDA growth for the group. Operating investments in the Nordics are expected to remain around 14 percent of revenues, while free cash flow before M&A is projected at NOK 10–11 billion, signaling continued cash generation but a slightly more cautious growth profile.

The most recent analyst rating on (GB:0G8C) stock is a Hold with a NOK160.00 price target. To see the full list of analyst forecasts on Telenor stock, see the GB:0G8C Stock Forecast page.

More about Telenor

Telenor is a Nordic-based telecommunications group that provides mobile, broadband and digital services, with a strong focus on secure and reliable digital infrastructure. The company operates primarily in the Nordic region and selected Asian markets, positioning itself as a key provider of connectivity and cybersecurity solutions for consumers, businesses and critical societal functions.

Average Trading Volume: 1,462,318

Current Market Cap: NOK224.8B

For a thorough assessment of 0G8C stock, go to TipRanks’ Stock Analysis page.

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