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Telenor ( (GB:0G8C) ) has issued an update.
Telenor has agreed to divest its entire stake in Thailand’s True Corporation in a deal valuing its holding at about NOK 39 billion, marking an exit after 25 years in the country and a major step in its ongoing portfolio simplification. The group will immediately sell 24.95% of True to Arise Digital Technology, owned by Thai executive Suphachai Chearavanont, at THB 11.70 per share, with an option to sell the remaining 5.35% in two years at the higher of the same price or prevailing market levels, a valuation that represents a 36% uplift from True’s post‑merger debut and a premium to recent trading. The transaction follows the sale of Telenor Pakistan and aligns with management’s strategy to reallocate capital, boost return on invested capital and sharpen its focus on secure Nordic telecommunications while delivering increased shareholder value. Telenor expects cash proceeds of roughly NOK 32.3 billion from the initial tranche and NOK 6.9 billion if the option is exercised, and will book an estimated gain of about NOK 14.7 billion from the first sale, underlining the value created since the dtac–True merger established Thailand’s largest telecom and technology company.
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 Norwegian telecommunications group that provides mobile and fixed-line services, data and digital communication solutions, with a core focus on secure telecoms in the Nordic region and historically significant operations in Asia. The company has been a major player in Southeast Asian mobile markets, including Thailand and Pakistan, but is now refocusing its portfolio toward its Nordic core and higher-return assets.
Average Trading Volume: 1,351,517
Current Market Cap: NOK200.2B
For detailed information about 0G8C stock, go to TipRanks’ Stock Analysis page.