Telenor Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

OB:TEL Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
07 Feb 25	BuyNOK 208,500	Pieter Knook	Individual	1,500	NOK 139.00
02 Jan 25	BuyNOK 512,800	Torbjorn Wist	Individual	4,000	NOK 128.20
19 Nov 24	BuyNOK 103,982	Amol Phadke	Individual	783	NOK 132.80

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of TEL?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	40,863	0.00299%
Individual Insiders	325,578	0.0238%
Institutions	327,343,881	23.9%
General Public	1,039,537,737	76%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 18.77% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
4.42%	Folketrygdfondet	60,444,622	NOK 9.3b	0%	6.43%
1.84%	The Vanguard Group, Inc.	25,218,544	NOK 3.9b	1.44%	0.01%
1.62%	Deutsche Asset & Wealth Management	22,126,724	NOK 3.4b	0.28%	0.08%
1.61%	BlackRock, Inc.	22,065,686	NOK 3.4b	1.3%	no data
1.18%	Caisse de dépôt et placement du Québec	16,083,406	NOK 2.5b	0%	0.22%
1.01%	DBS Asset Management (United States) PTE Ltd.	13,786,374	NOK 2.1b	0%	32.9%
0.86%	Amundi Asset Management SAS	11,791,091	NOK 1.8b	0%	0.03%
0.61%	SIX Group AG, Asset Management Arm	8,281,335	NOK 1.3b	0%	21.57%
0.51%	KLP Kapitalforvaltning AS	6,904,755	NOK 1.1b	0%	0.3%
0.48%	DNB Asset Management AS	6,517,071	NOK 1.0b	0%	0.3%
0.45%	Storebrand Asset Management AS	6,135,709	NOK 944.9m	0%	0.55%
0.42%	Nordea Investment Management, AB	5,734,916	NOK 883.2m	0%	0.05%
0.39%	JP Morgan Asset Management	5,325,284	NOK 820.1m	0.66%	0.01%
0.38%	UBS Asset Management AG	5,248,389	NOK 808.3m	-0.02%	0.01%
0.37%	Union Asset Management Holding AG	5,055,075	NOK 778.5m	0%	0.05%
0.37%	Aberdeen Group Plc	5,003,113	NOK 770.5m	9.28%	0.04%
0.33%	Deka Investment GmbH	4,463,209	NOK 687.3m	0%	0.05%
0.32%	Handelsbanken Asset Management	4,383,484	NOK 675.1m	0%	0.09%
0.32%	Geode Capital Management, LLC	4,350,041	NOK 669.9m	0.44%	no data
0.28%	Skagen AS	3,872,780	NOK 596.4m	0%	0.67%
0.23%	Charles Schwab Investment Management, Inc.	3,165,932	NOK 487.6m	2.49%	0.01%
0.23%	E. Öhman J:or Wealth Management	3,126,074	NOK 481.4m	0%	0.24%
0.22%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	2,983,807	NOK 459.5m	0.05%	0.01%
0.17%	Royal London Asset Management Ltd.	2,324,340	NOK 357.9m	0%	0.04%
0.17%	Janus Henderson Group plc	2,299,728	NOK 354.2m	0%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/18 14:05
End of Day Share Price	2025/05/16 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Telenor ASA is covered by 48 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	ABG Sundal Collier
Jean-Michel Salvador	AlphaValue
Markus Bjerke	Arctic Securities ASA