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Telenor Rises as Nordea Cites Asia Phone-Market Expansion

Telenor ASA gained the most in eight months in Oslo trading as Nordea AB advised investors to buy shares in the Nordic region’s largest mobile-phone operator as growth in Norway, Thailand and Pakistan improves earnings.

Telenor rose as much as 4.1 percent to 119.7 kroner, the biggest intraday jump since Oct. 24, and traded up 3.7 percent as of 12:31 p.m. in the steepest gain on the OBX index of Norway’s 25 most-traded stocks. Volume was 78 percent of the three-month daily average.