OverviewSuggest Edit

Telenor is a telecommunications provider. It offers mobile, broadband, and TV services. The company also provides mobile financial services and online classifieds.

TypePublic
Founded1855
HQFornebu, NO
Websitetelenor.com
Employee Ratings4.1
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2020)18,000(-12%)
Job Openings167
Revenue (FY, 2021)KR115.1 B(-7%)
Share Price (May 2022)KR126.1
Cybersecurity ratingFMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
Banner background

Key People/Management at Telenor

Sigve Brekke

Sigve Brekke

President and Chief Executive Officer
Tone Bachke

Tone Bachke

Executive Vice President and Chief Financial Officer
Anne Kvam

Anne Kvam

Executive Vice President and Chief Corporate Affairs Officer
Ruza Sabanovic

Ruza Sabanovic

Executive Vice President and Chief Technology Officer, Executive Vice President and Head of Technologies and Services
Jorgen Rostrup

Jorgen Rostrup

Executive Vice President and Head of Telenor Asia
Cecilie Blydt Heuch

Cecilie Blydt Heuch

Executive Vice President and Chief People and Sustainability Officer
Show more

Telenor Office Locations

Telenor has offices in Fornebu, Arendal, Blomsterdalen, Hakadal and in 24 other locations
Fornebu, NO (HQ)
Snarøyveien 30
Arendal, NO
Kystveien 2d
Blomsterdalen, NO
Ytrebygdsvegen 215
Hakadal, NO
Passoppveien 1
Stavanger, NO
Badehusgata 37
Trondheim, NO
Telenorbygget, Otto Nielsens veg 12
Show all (32)

Telenor Financials and Metrics

Telenor Revenue

Telenor's revenue was reported to be kr115.08 b in FY, 2021
NOK

Revenue (FY, 2021)

115.1b

Gross profit (FY, 2021)

86.1b

Net income (FY, 2021)

5.1b

EBITDA (FY, 2021)

49.7b

EBIT (FY, 2021)

14.9b

Market capitalization (13-May-2022)

176.5b

Closing stock price (13-May-2022)

126.1

Cash (31-Dec-2021)

15.2b

EV

293.4b
Telenor's current market capitalization is kr176.5 b.
Annual
NOKFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

119.3b117.9b124.1b115.1b

Cost of goods sold

(13.1b)(14.7b)(16.6b)(29.2b)

Gross profit

106.2b103.2b107.7b86.1b

R&D expense

(372.0m)(280.0m)(238.0m)
Quarterly
NOKQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

27.6b28.0b29.5b32.0b31.2b30.0b28.9b28.0b28.9b

Cost of goods sold

(6.7b)(6.8b)(7.3b)(7.4b)(7.2b)(6.9b)(7.5b)(6.9b)(6.9b)

Gross profit

21.1b21.4b22.2b24.7b24.0b24.0b21.4b21.2b22.0b
Annual
NOKFY, 2018FY, 2019FY, 2020FY, 2021

Cash

18.5b13.9b20.6b15.2b

Accounts Receivable

14.5b25.8b15.7b21.7b

Prepaid Expenses

4.5b1.3b6.5b1.6b

Inventories

1.7b1.5b1.3b1.6b
Quarterly
NOKQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

24.9b42.4b31.9b18.1b16.7b17.5b22.8b19.7b22.0b

Accounts Receivable

20.8b20.5b26.7b27.5b26.5b26.2b23.6b23.6b23.2b

Prepaid Expenses

1.1b1.3b1.7b1.7b1.7b1.4b1.5b1.6b1.8b

Inventories

1.5b1.2b1.4b1.6b1.3b1.3b1.6b1.3b1.1b
Annual
NOKFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

17.7b21.0b25.6b17.1b

Depreciation and Amortization

20.8b24.6b29.1b34.4b

Inventories

(204.0m)428.0m242.0m

Accounts Payable

(1.2b)(233.0m)(730.0m)
Quarterly
NOKQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

6.5b12.0b22.8b2.5b9.8b19.9b(1.5b)2.9b5.9b

Depreciation and Amortization

5.7b11.4b23.3b7.2b14.7b29.0b13.5b20.3b40.4b
NOKFY, 2018

Revenue/Employee

5.7m
Show all financial metrics

Telenor Operating Metrics

Y, 2013Y, 2014Y, 2015Y, 2016

Mobile Customers

186 m203 m214 m

Mobile Data Users

32 m60.3 m77.7 m
Show all operating metrics

Telenor Revenue Breakdown

Embed Graph

Telenor revenue breakdown by business segment: 59.8% from MOBILE SUBSCRIPTION AND TRAFFIC, 9.8% from FIXED INTERNET/TV, 24.7% from OTHER REVENUE and 5.7% from Other

Telenor Cybersecurity Score

Cybersecurity ratingPremium dataset

F

59/100

SecurityScorecard logo

Telenor Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

CSRHub logo

Telenor Online and Social Media Presence

Embed Graph

Telenor Company Culture

  • Overall Culture

    A+

    92/100

  • CEO Rating

    A+

    80/100

  • Compensation

    A+

    100/100

Learn more on Comparably

Telenor News and Updates

Sale of Telenor Myanmar approved by Myanmar authorities

(Fornebu 18 March 2022) Telenor Group has been informed that the Myanmar Investment Commission has given final regulatory approval to the sale of Telenor Myanmar to M1 Group. During the regulatory approval process the Myanmar authorities made it a condition that M1 Group should have a local partner …

Telenor teams with AWS to accelerate modernisation of telecommunications

(Fornebu, 20 January 2022) Telenor signs a strategic collaboration agreement with Amazon Web Services (AWS) to help expand its 5G core transformation and deliver new 5G and edge services to professional customers worldwide, which will increase data speed and reduce latency.

Telenor Group agrees to sell its stake in Wave Money to Yoma Strategic

(Singapore/Oslo, 17 January 2022) Telenor Group and Yoma Strategic have entered into an agreement to sell Telenor Group’s 51 percent share of Digital Money Myanmar Limited (“Wave Money”) for USD 53 million to Yoma MFS Holdings Pte. Ltd, a subsidiary of Yoma Strategic. 

CP Group And Norway’s Telenor Plans To Merge Thai Telecom Units In $8.6 Billion Deal For Digitization Push

The merger would fuse CP Group’s mobile operator True Corp. with Total Access Communication, which is majority-owned by Telenor.

C.P. Group and Telenor Group support True and dtac in exploring the creation of a new telecom-tech company

(Oslo/Bangkok, 22.11.2021) C.P. Group and Telenor Group announced today that they have agreed to explore the creation of a new telecom-tech company comprising of True and dtac. The new company will be a merger of equals, and bring the best of the two local companies, with the support of its key spon…

Telenor Group appoints Rita Skjærvik EVP Group Strategy and External Relations

(Fornebu, 16 November 2021) Rita Skjærvik has been appointed EVP Group Strategy and External Relations and will become member of Telenor’s Group Executive Management team as of 1 December.
Show more

Telenor Blogs

We cannot make our employees in Myanmar delete data and break the law (Update by Jørgen C. Arentz Rostrup, EVP and Head of Telenor Asia)

All telecom operators in Myanmar, as in every other country, are required to store traffic data and as a responsible employer, Telenor cannot make its employees in Myanmar delete it. It can be dangerous for employees to violate local law or the orders given by the military authorities in the country…

Nordic CEOs publish Diversity & Inclusion Guide: “For Telenor, diversity is about advancing”

(3 February 2022) Anchored in Nordic traditions of gender equality, diversity & inclusion, the 13 CEOs of the Nordic CEOs for a Sustainable Future have today published a new guide, which sets out concrete steps on how to promote a more diverse and inclusive workplace.  The post Nordic CEOs publi…

Three actions your business can take to ensure better data protection

2021 was the year data privacy became mainstream. In 2022, it’s expected to be one of the key global battlegrounds in tech, says privacy expert. The post Three actions your business can take to ensure better data protection appeared first on Telenor Group.

Shareholders as of 30 September 2021

Flagging announcements Major shareholders from beneficial ownership As of 30 September 2021 Name % of total Number of shares Government of Norway 53.97% 755,220,420 Folketrygdfondet 4.49% 62,803,453 Caisse de Depot et Placement du Quebec 1.84% 25,754,707 BlackRock Institutional Trust Company, N.A. 1…

Digi’s results for the 4th quarter 2021

Date: Friday 28 January 2022 Results are expected to be released at 1:30 pm (Malayan time)/6:30 am CET Conference call: 15:00 – 16:00 (MYT) 08:00 – 09:00 (CET) 07:00 – 08:00 (UK) MICROSOFT TEAMS MEETING here Or call in (audio only): +60 3-9212 5010 Malaysia, Kuala Lumpur +47 21 40 22 04 Norway, Oslo…

Dtac’s results for the 4th quarter 2021

Date: Friday 28 January 2022 Results are expected to be released at 5:30 pm (Bangkok time)/11:30 am CET Conference call: 18:00-19:00 (Bangkok time) 12:00-13:00 (CET) 11:00-12:00 (UK) Participant passcode: 275502 Location Purpose Phone type Phone Number Norway Dial-in Tollfree/Freephone 800 14 481 Sw…
Show more

Telenor Frequently Asked Questions

  • When was Telenor founded?

    Telenor was founded in 1855.

  • Who are Telenor key executives?

    Telenor's key executives are Sigve Brekke, Tone Bachke and Anne Kvam.

  • How many employees does Telenor have?

    Telenor has 18,000 employees.

  • What is Telenor revenue?

    Latest Telenor annual revenue is kr115.1 b.

  • What is Telenor revenue per employee?

    Latest Telenor revenue per employee is kr6.4 m.

  • Who are Telenor competitors?

    Competitors of Telenor include Telefonica Colombia, BT and Telia Company.

  • Where is Telenor headquarters?

    Telenor headquarters is located at Snarøyveien 30, Fornebu.

  • Where are Telenor offices?

    Telenor has offices in Fornebu, Arendal, Blomsterdalen, Hakadal and in 24 other locations.

  • How many offices does Telenor have?

    Telenor has 32 offices.