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TELNY Telenor ASA (QX)

11.66
0.09 (0.78%)
22 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Telenor ASA (QX) USOTC:TELNY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.09 0.78% 11.66 11.61 11.66 11.66 11.54 11.57 16,419 22:20:00

Telenor Adjusts 2013 Results to Account for VimpelCom Impairments

19/03/2014 10:39am

Dow Jones News


Telenor ASA (QX) (USOTC:TELNY)
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   By Dominic Chopping 
 

Norwegian telecommunciations company Telenor ASA (TEL.OS) said Tuesday that it has adjusted its previously announced 2013 results to account for its 4.45 billion Norwegian kroner ($746.5 million) share of impairments booked by Russian company VimpelCom Ltd. (VIP), in which it owns a 33% stake.

Telenor's total share of the impairment losses was NOK5.54 billion, which related to Kyivstar in Ukraine and Wind Mobile in Canada, but that total was partially offset by a NOK1.09 billion gain from Telenor's transfer of Kyivstar shares to VimpelCom Ltd.

At 0842 GMT Telenor shares traded 0.8% higher at NOK128.40.

Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter: @WSJNordics

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