Telenor plans to repurchase NOK 15 billion in shares. This strategic move follows the company's agreement to sell a 30% stake in Thailand's True, marking a significant shift. The Oslo-listed telecom operator is actively withdrawing from Asian markets to concentrate on its Nordic operations. The company is reshaping its portfolio, previously spanning nine Asian countries.

Telenor's decision to buy back shares comes as it pivots towards a Nordic-focused business strategy. The company is capitalizing on the proceeds from its Asian asset sales, including the completed disposal of its Pakistan operations. This is a common strategy for companies looking to return capital to shareholders while streamlining their operations.

Fourth-quarter adjusted EBITDA increased, especially in the Nordic region. For the full year, free cash flow neared its target. The board proposed a dividend of NOK 9.70 per share for 2025, alongside the buyback program. The program is subject to approval at the annual general meeting scheduled for May 19.

This capital allocation decision reflects Telenor's confidence in its core Nordic markets. Investors will be watching the success of this strategy, particularly how the company utilizes the capital generated from its Asian exits. Further developments in the True transaction and the performance of the Nordic segment will be key indicators.