Long-term investor in the telco sector with 15% portfolio in communications companies, including Telenor. Analyzing Telenor's 2Q24 results and potential upside in share price. Telenor's focus on efficiency, cost savings, and growth in Asian markets to drive future performance.
Telenor (TELNY) concludes the first half of 2024 with impressive financial results and significant strides in cybersecurity.
Telenor ASA (OTCQX:TELNY) Q2 2024 Earnings Conference Call July 18, 2024 3:00 AM ET Company Participants Frank Maao - Head of Investor Relations and Senior Vice President of Capital Markets Sigve Brekke - President and Chief Executive Officer Kasper Kaarbo - Acting Executive Vice President and Chief Financial Officer Conference Call Participants Andrew Lee - Goldman Sachs Siyi He - Citigroup, Inc. Nick Lyall - Bernstein Jakob Bluestone - BNP Paribas Ajay Soni - JPMorgan Usman Ghazi - Berenberg Frank Maao Good morning, and welcome to Telenor's Second Quarter Results Call. My name is Frank Maao, Head of Investor Relations.
Norwegian telecom operator Telenor raised its 2024 sales forecast on Thursday, citing strong performance in the first half of the year and favourable inflation trends in the Nordics, and said it would continue to hike product prices.
Telenor ASA TELNY recently acquired Combitech AS (formerly Watchcom Security Group) for an undisclosed amount to augment its new cybersecurity entity, Telenor Cyberdefence. Combitech AS is the Norwegian branch of the Sweden-based security company Combitech AB, which is owned by the defense and security group Saab.
Norwegian telecoms company Telenor on Thursday said it had appointed Benedicte Schilbred Fasmer as its new chief executive, starting Dec. 1 when its current CEO, Sigve Brekke retires.