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Telenor ( (GB:0G8C) ) has shared an announcement.
Telenor has completed the sale of its Pakistani subsidiary, Telenor Pakistan, to Pakistan Telecommunication Company Limited, part of the global technology group e&, confirming an enterprise valuation of about NOK 5.4 billion on a cash- and debt-free basis and receiving an additional NOK 0.9 billion in cash flow since the deal was first announced in December 2023. The divestment marks a strategic step in reducing Telenor’s footprint in Asia while contributing to consolidation and potential innovation in Pakistan’s telecom sector, as the assets and customer base are integrated into a larger local operator, with implications for market structure and Telenor’s geographic focus.
The most recent analyst rating on (GB:0G8C) stock is a Hold with a NOK165.00 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 global telecommunications operator providing mobile and digital communication services, with a significant historical presence in Asian markets including Pakistan, where it has built infrastructure and served around 40 million customers over two decades.
Average Trading Volume: 1,310,025
Current Market Cap: NOK200.1B
See more insights into 0G8C stock on TipRanks’ Stock Analysis page.