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Telenor ( (GB:0G8C) ) just unveiled an update.
Telenor Group has launched the first-year tranche of its NOK 15 billion, three-year share buyback programme, with a cap of NOK 6 billion or 54 million shares in the initial phase, aimed at optimising its capital structure. Up to 24.9 million shares worth NOK 2.76 billion will be repurchased in the market, while a further 29.1 million shares, up to NOK 3.24 billion, will be redeemed from the Norwegian State on a pro rata basis, ensuring the State’s 53.97% ownership remains unchanged.
The company has signed a non-discretionary agreement with a third party to execute market repurchases independently from 1 June 2026 to no later than 16 February 2027, with plans to seek AGM approval in 2027 to cancel all repurchased and corresponding State shares. The programme, conducted under EU and Norwegian safe harbour and securities regulations, underscores Telenor’s intent to return capital to shareholders while maintaining stable state ownership and regulatory compliance.
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 Group is a telecommunications company providing mobile and fixed network services, data and digital communications solutions to consumers and businesses. The group operates primarily in the Nordic region and selected international markets, with a significant shareholder base that includes the Norwegian State as a long-term majority owner.
Average Trading Volume: 1,524,548
Current Market Cap: NOK221.7B
For a thorough assessment of 0G8C stock, go to TipRanks’ Stock Analysis page.