25
Telenor
(OB: TEL)
Norway
Norway's largest telecom player, Telenor has fast become a major force across Eastern Europe and Asia in recent years with ownership stakes in a dozen cellular companies. Although Telenor is Norway's leading provider of fixed-line and television broadcast services, it is the company's mobile operations that are fueling its rapid growth. More than half of the company's 2005 revenues came from mobile. At the end of 2005, the 150-year-old company had nearly 83 million subscribers. The company bolstered its position in Scandinavia at the beginning of 2006 with the acquisition of Vodafone Sweden, the third-largest mobile player in the country. It is benefiting from the strong growth of its operations in Eastern Europe and Russia, which include wholly owned subsidiaries in Hungary and Montenegro and as well as stakes in Kyivstar, Ukraine's largest mobile operator, and Vimpelcom, Russia's second-biggest cellular company.
Company Info |
|
| 2005 Rank | Not Ranked |
| Sales* ($ Millions) | 11,348.6 |
| Sales Growth (over prev. year) |
14 % |
| Profits* ($ Millions) | 1,259.5 |
| Return on Equity | 16.5 % |
| Total Return on Sales (12-mo.) | 52.9 |
| Share Price As of 5/31/06 | 12.64 |
| CURRENT MARKET INFO | OB: TEL |
| No. of Employees | 27,600 |
| Industry | Telecommunications |
| COMPANY WEB SITE > | |
*Trailing 12 months
Stock price data as of 5/31/06
DATA: Standard & Poor's Compustat
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Company Snapshot
Telenor operates as the telecommunications company in Norway and internationally. It offers mobile and fixed network telecommunications services, satellite broadcasting services, and pay television services. The company's mobile communication services include mobile voice, roaming, and data services; mobile Internet/intranet and video telephony; wholesale mobile network services; interconnection services; and voice services using voice over Internet protocol. As of Dec. 31, 2005, it had 2.731 million subscriptions in Norway and 41.4 million mobile subscriptions internationally. Telenor's fixed network telecommunications services include analogue and digital telephony, broadband, Internet access, data services, and leased lines to residential, business, and wholesale customers. The company also provides broadcasting services in the Nordic region through satellite dish, cable television networks, and small antenna television networks systems. In addition, it offers satellite-based communications networks and services to governmental, intergovernmental, and commercial organizations. Further, the company provides software solutions, software services, and computer operations to companies in banking and finance, telecommunications, and the public and trade and industry sectors in the Nordic region. It distributes its services through its direct salesforce, retail stores, the Internet, and independent distributors. Telenor also operates in Denmark, Hungary, Ukraine, Thailand, Malaysia, Bangladesh, Pakistan, Montenegro, and Sweden. The company was founded in 1885 and is headquartered in Fornebu, Norway.
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