Telenor ASA (OSTO:TELo)
kr 125.5 -2.1 (-1.65%) Market Cap: 173.71 Bil Enterprise Value: 259.97 Bil PE Ratio: 18.21 PB Ratio: 2.36 GF Score: 75/100
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Telenor ASA to Acquire Majority Stake in DNA Oyj Conference Call Transcript

Apr 09, 2019 / 08:00AM GMT
Release Date Price: kr171.8 (-0.23%)
JÃ;rgen C. Arentz Rostrup
Telenor ASA - Executive VP & CFO

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Good morning, everybody. This is Jørgen Rostrup, CFO of Telenor speaking. Let me do a couple of practicalities first.

We aim at having a Q&A after my presentation or introduction. (Operator Instructions) And I will try to remind you to turn pages in the presentation that we have put out, and I have people around who will remind me of that as well. So hopefully that will go fine.

Let's shoot straight at Slide 3. While I'm saying that -- I am, of course, very excited today to announce that we have acquired a majority stake of 54% in the Finnish telecom operator, DNA. I have a few people with me in the room at Fornebu, Oslo today. HÃ¥kon Hatlevik is here from Investor Relations; Otto Risbakk, Head of our M&A Department is here; Hanne Knudsen from Corporate Communication; and also Alex Evans from Barclays Bank, our adviser, is in the room.

As you all know, we set out on a strategic direction back at Capital Markets Day in February 2017. And since then, our main priority has been simply to

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