Nasdaq CopenhagenIFRS · DKK

TELENOR DANMARK HOLDING A/S

TELENOR DANMARK HOLDING A/S is a Danish telecom holding company within the Telenor group structure. It holds and supports telecommunications operations, network services, and related digital offerings in Denmark through its operating subsidiaries and brands.

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Revenue0.0m DKK
Operating profit (EBIT)0.0m DKK
Net income1,227m DKK
−45.4 %y/y

Fiscal year 2025 · change from previous year

Development 2024–2025

01m DKK2024: 0.00 m DKK2024: EBIT 0.00 m DKK20242025: 0.00 m DKK2025: EBIT 0.00 m DKK20250.000.00
RevenueOperating profit (EBIT)
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Business

Share of revenue
Mobile services45 %

Consumer and business mobile subscriptions, including postpaid and prepaid offers.

Fixed connectivity20 %

Broadband, fixed telephony, and related access services for homes and enterprises.

Business solutions18 %

Connectivity, IoT, network solutions, and managed services for enterprise customers.

Wholesale and operator revenue10 %

Interconnect, termination, and other operator-related wholesale services.

Equipment and devices7 %

Handsets, routers, TV devices, and other customer-premises equipment.

Customers

The company serves Danish consumers who buy mobile, broadband, and bundled communication services for everyday connectivity. It also serves businesses and public-sector customers that need mobile lines, fixed connections, IoT, network solutions, and managed services. In addition, it sells wholesale services to other telecom operators and related communications providers.

Consumer households

Buy mobile, broadband, and bundled home connectivity services for daily use

Business customers

Buy mobile, fixed, IoT, and network solutions to support operations

Wholesale operators

Buy operator and interconnect services to route and terminate traffic

Public-sector and large enterprises

Buy managed connectivity and secure communications services

Strategy

The strategic emphasis is on strengthening customer loyalty, improving execution, and using network quality to support commercial performance. The company is also focused on business connectivity and cloud/AI-enabled offerings, while maintaining disciplined cost and capital allocation.

Customer loyalty and retentionShort term

Telecom economics depend on low churn and higher lifetime value across mobile and broadband subscriptions.

B2B growthMedium term

Enterprise solutions can deepen customer relationships and expand recurring revenue beyond consumer mobile services.

Network quality differentiationMedium term

Superior network performance supports pricing power, customer acquisition, and lower churn.

Geography

The business is anchored in Denmark, where it serves the domestic consumer and enterprise telecom market. The report content also references broader Nordic operating context through group disclosures, but the company itself is primarily tied to the Danish market. Geography matters because telecom demand, spectrum, regulation, and network competition are largely local.

Risks

The company faces classic telecom risks tied to competition, pricing pressure, spectrum and network investment, and the need to keep pace with technology upgrades. Reported risks also include inflationary pressure, cautious customer sentiment, and geopolitical uncertainty, which can affect demand, costs, and investment timing.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Macroeconomic pressure on demand1Telecom pricing competition2Capital intensity of network upgrades3Technology execution risk4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Macroeconomic pressure on demandImpact: HighLikelihood: High

    Inflation and cautious customer sentiment can reduce willingness to upgrade, add services, or pay premium tariffs.

    Exposure: Consumer and SME segments

  2. Telecom pricing competitionImpact: HighLikelihood: High

    Mobile and broadband markets are mature and competitive, which can force price concessions and higher churn.

    Exposure: Denmark telecom market

  3. Capital intensity of network upgradesImpact: HighLikelihood: High

    5G rollout, spectrum, and fixed-network investments require sustained spending to stay competitive.

    Exposure: Mobile and fixed networks

  4. Technology execution riskImpact: MediumLikelihood: Medium

    Cloud, AI, and automation initiatives need successful execution to convert into commercial benefit.

    Exposure: B2B digital offerings

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Accounting

Judgemental items
Revenue split between services and equipment

Mobile and device sales are recognized differently and can change revenue mix by quarter.

Impact: Affects reported growth and margin mix

IFRS 16 lease accounting

Network sites, stores, and other leases change depreciation, interest, and lease expense presentation.

Impact: Affects EBITDA, EBITDAaL, and leverage metrics

Non-IFRS adjustments

Underlying EBITDAaL excludes items such as LTIP and comparability items, changing performance interpretation.

Impact: Affects trend analysis and comparability

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Last updated: 24/10/2026