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Telenor public offering in doubt

On the assumption that a public stock offering would provide fresh capital by the end of the year, Telenor chief Tormod Hermansen has been on a buying spree abroad to expand market share. But demand for telecom stocks has been halved in recent months, leading analysts to speculate that the much-ballyhooed listing of Telenor on the Olso Stock Exchange will have to be delayed.