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Telenor ( (GB:0G8C) ) has issued an update.
Telenor ASA has completed the first tranche of its previously announced divestment in Thailand’s True Corporation, selling a 24.95% stake to Arise Digital Technology for a total consideration of THB 100.9 billion. Of this, THB 98.8 billion, roughly NOK 30 billion, has already been received, with the remaining THB 2.0 billion due within six months and hedging arrangements in place to manage currency exposure.
Following the transaction, Telenor retains a 5.35% interest in True, which remains subject to an existing mutual put and call option structure between the parties. The deal marks a significant step in Telenor’s ongoing portfolio optimization in Asia, freeing up substantial capital that can be redeployed in line with its strategic priorities and potentially altering its long-term exposure to the Thai telecoms market.
The most recent analyst rating on (GB:0G8C) stock is a Hold with a NOK175.00 price target. To see the full list of analyst forecasts on Telenor stock, see the GB:0G8C Stock Forecast page.
More about Telenor
Telenor ASA is a Norway-based telecommunications company that provides mobile and fixed-line services, data, and digital communications solutions across the Nordics and Asia. The group focuses on large-scale consumer and enterprise connectivity, and actively manages its portfolio of regional holdings to streamline operations and strengthen its financial position.
Average Trading Volume: 1,604,309
Current Market Cap: NOK234.1B
For an in-depth examination of 0G8C stock, go to TipRanks’ Overview page.