Telenor ASA ADR

TELNY: PINX (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$14.00	Nfptwz	Prkqxyrc

Currency Volatility Affects Telenor's Organic Growth During 2021

Javier Correonero

Sep 22, 2021

Business Strategy and Outlook

Telenor is the incumbent telecom operator in Norway and operates in Nordic and Asian countries. Its business is mature and growing slowly with high reliance on mobile operations, but it generates significant free cash flow. Telenor expanded into emerging markets earlier than many European telecom operators, positioning itself to benefit from a geographically diverse footprint.

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