Telenor - M&A Summary and Business Overview

CommunicationsCompany

Telenor M&A Summary

Telenor has acquired 12 companies, including 1 in the last 5 years. A total of 2 acquisitions came from private equity firms. It has also divested 11 assets.

Telenor’s largest acquisition to date was in 2013, when it acquired Cosmo Bulgaria Mobile EAD for $808M. It’s largest disclosed sale occurred in 2020, when it sold Tapad to Experian for $280M. Telenor has acquired in 1 US state, and 7 countries. The Company’s most targeted sectors include communications (59%) and internet software and services (25%).

Telenor Business Overview

Where is Telenor headquartered?

Telenor is headquartered in Fornebu, Norway.

What is Telenor’s revenue?

Telenor disclosed revenue of 110,240M NOK for 2021 and 122,811M NOK for 2020.

How many employees does Telenor have?

Telenor has 16,000 employees.

What sector is Telenor in?

Telenor is a communications company.

When was Telenor founded?

Telenor was founded in 1855.

M&A Summary

  • M&A Total Activity23
    • M&A Buy Activity12
    • M&A Sell Activity11
  • Total Sectors Invested 4
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 15
  • M&A Advisors 1

Telenor

Telenor ASA

Snarøyveien 30,
Fornebu, 1360
Norway,
+47 81 07 70 00
www.telenor.com

Telenor is a Norwegian multinational telecommunications company headquartered at Fornebu in Bærum, close to Oslo. It is one of the world's largest mobile telecommunications companies with operations in Scandinavia, Eastern Europe and Asia. Telenor was founded in 1855 and is based in Fornebu, Norway.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 12 - - - - - 12
vol $1.3B $1.3B
Sell (0.6/yr) # 8 1 1 - 1 - 11
vol $208M $280M $105M $593M
  23

Most Recent M&A

Company Date Value Type
Liquid Barcodes AS 2023-07-10 - Divestiture
Lysaker, Norway · www.liquidbarcodes.com
Telenor Myanmar 2021-07-08 105M USD Divestiture
, Myanmar
Tapad, Inc. 2020-11-19 280M USD Divestiture
New York, New York · www.tapad.com
DNA Finland Oy 2019-04-09 - Stake Purchase
Vantaa, Finland · www.dna.fi
Yettel doo Belgrade 2018-07-31 - Divestiture
Belgrade, Serbia · www.yettel.rs
Yettel Bulgaria 2018-07-31 - Divestiture
Sofia, Bulgaria · www.yettel.bg
Yettel Magyarorszag Zrt. 2018-07-31 - Divestiture
Torokbalint, Hungary · www.yettel.hu
Mobi Banka AD 2018-06-15 - Divestiture
Belehrad, Serbia · www.mobibanka.rs
appear.in 2017-12-14 - Divestiture
Oslo, Norway · www.appear.in
Working Group Two AS 2017-10-04 - Venture
Oslo, Norway · www.wgtwo.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Communications 7 (58%) 808M (63%) 4 (36%) 105M (18%)
Internet Software and Services 3 (25%) 109M (9%) 2 (18%) -
Marketing 1 (8%) 360M (28%) 1 (9%) 280M (47%)
Media 1 (8%) - 1 (9%) -
Business Services - - 1 (9%) -
Financial Services - - 1 (9%) -
Technology Hardware - - 1 (9%) 208M (35%)
Total 12 $1.3B 11 $593M

By Geo

State/Country Buy Value Sell Value
Norway 3 - 4 208M
Sweden 3 - 1 -
Bulgaria 2 808M 1 -
Serbia 1 - 2 -
United States 1 360M 1 280M
  New York 1 360M 1 280M
Finland 1 - - -
Hungary - - 1 -
Myanmar - - 1 105M
Singapore 1 109M - -
Domestic 3 (25%) - 4 (36%) 208M (35%)
Cross-border 9 (75%) 1.3B (100%) 7 (64%) 385M (65%)
Total 12 $1.3B 11 $593M

Top M&A Advisors

Legal Deals
Wikborg Rein & Co.
 1

Deal Values

buy # Total
$100M to $1B 3 $1.3B
TOTAL $1.3B
Largest Cosmo Bulgaria Mobile EAD
$808M (2013-04-29)
sell # Total
$100M to $1B 3 $593M
TOTAL $593M
Largest Tapad, Inc.
$280M (2020-11-19)

M&A Connections

Deals
Acquired from
Investor(s)
17%
2 (17%)
Strategic(s)
8%
1 (8%)
Divested to
Investor(s)
18%
2 (18%)
Strategic(s)
82%
9 (82%)

Company Summary

SECTOR

Communications

Revenue

110,240   11% 2021
122,811   9% 2020
113,665   3% 2019
110,362   12% 2018
124,757   2017
(millions of NOK) Show More Show Less

Employees

16,000

Established

1855

Public

Euronext: TEL

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