Telenor dropped below my average price before reporting quarterly results. As I didn’t anticipate any significant changes going forward, I decided to buy additional 80 shares for 133,40 NOK per share. My position in telecom sector is mainly based on the assumption that the sector will continue to grow due to IoT, connected cars and other similar drivers and on rather bold assumption that regulation will effectively block disruptive competition. I also believe that eventually there will be some consolidation taking place but in reality I can not predict the companies involved in such action.
It remains to be seen if my short term thesis was correct. Eventually the results can be found from here: http://www.telenor.com/investors/reports/2016/telenor-groups-results-for-the-3rd-quarter-2016/