Telenor ASA ADR

TELNY: PINX (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$87.00	Qbdvcx	Bndzfln

Telenor's High Uncertainty Is Highlighted by Problems in Pakistan in 2022

Javier Correonero

Jul 19, 2022

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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