The Norwegian Communications Authority (Nkom) has launched a formal investigation into Telia following a serious security breach, according to a statement released by the regulator.
The vulnerability made it possible to track the location of certain customers through simple phone calls. While Telia reports that the flaw has now been rectified, Nkom views the incident with gravity and intends to investigate the circumstances of the breach and how similar occurrences can be prevented in the future.
The regulator has also requested that Telenor and Ice disclose whether they are susceptible to similar vulnerabilities.
Nkom emphasized that the incident risks undermining public confidence in digital communications.
Telia Company AB is the leading Scandinavian telecommunications operator. Net sales (including intragroup) break down by activity as follows:
- telecommunications services (85.2%): mobile telephony (19 million subscribers at year-end 2024), fixed-line telephony (0.2 million), cable television transmission (1.1 million), broadband Internet access (3.2 million), etc.;
- media services (9.3%): production and broadcasting of audiovisual content (TV4, C More and MTV channels);
- other (5.5%).
Net sales are distributed geographically as follows: Sweden (48.7%), Finland (20.4%), Norway (16.1%), Lithuania (6.5%), Estonia (4.6%), Denmark (0.1%) and other (3.6%).
This super rating is the result of a weighted average of the rankings based on the following ratings: Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite) and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be carried out. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of rankings based on the following ratings: Returns (Composite), Profitability (Composite) and Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully read the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
