Telenor seeks triple listing in Oslo, London, New York

Telenor seeks to sell shares for the first time in Oslo, London and New York.

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Telenor AS, Norway's biggest telecommunications company, plans simultaneous first time listings of its shares on three markets Oslo, London and Nasdaq at the beginning of December, the company said.

The company declined to reveal how much it plans to raise, but it could eventually be as much as 25%. Analysts estimate that Telenor could be worth between NKr60 billion $6.4 billion and NKr100 million $10.7 billion. Goldman Sachs will be underwriting the deal. One banker said BNP Paribas would be advising the Koos Group. BNP declined to comment.

State-owned Telenor has 11.1 million mobile phone customers...

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