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Stock market saps Telenor prospects

International brokerage firms have advised Telenor to delay its plan to list its shares on public stock exchanges.

Technology stocks - particularly in the telecommunications sector - have plunged throughout the world in recent months as a result of earnings worries. Uncertainty over the American presidential election results has added to the volatility. "Any company that goes public now must count on selling its shares at a considerable discount," Lennart Söderberg of Handelsbanken Markets told Dagens Næringsliv.