Why did Telenor fall on 6 October?
Written after the close on
Telenor −2.19%
Telenor fell sharply in the last session, likely on a wave of negative operational news. Over the last five trading days Telenor fell sharply, more than a slightly lower Oslo Børs benchmark, with the weakness concentrated in the latest session. The most likely drivers were a large SIM-card failure that hit tens of thousands of customers and drew a regulatory supervision notice, plus a critical major shareholder over risk assessments in Myanmar. A share buyback (the company buying its own shares) continued, but it did not offset the negative news. Watch the late-October earnings report for how these issues affect costs and customer numbers.
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