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The latest announcement is out from Telenor ( (GB:0G8C) ).
Telenor has announced the acquisition of GlobalConnect’s fiber business for private customers in Norway, valued at 6.0 billion kroner. This strategic move is set to enhance Telenor’s position in the Norwegian fiber market by increasing its market share from 22% to 29%. The acquisition will integrate approximately 140,000 fiber customers and is expected to generate significant financial benefits, including increased EBITDA and cost savings. The transaction is part of Telenor’s long-term strategy to bolster Norway’s digital backbone and improve service offerings for customers, subject to approval from the Competition Authority.
The most recent analyst rating on (GB:0G8C) stock is a Buy with a NOK170.00 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 major telecommunications company that operates in the telecommunications industry, providing a wide range of services including advanced security services, premium home networks, and entertainment offerings. The company focuses on strengthening its fiber coverage and digital infrastructure in Norway.
Average Trading Volume: 1,558,714
Current Market Cap: NOK214.8B
For a thorough assessment of 0G8C stock, go to TipRanks’ Stock Analysis page.