Norway GPFG Communication Services holdings
Norway's Government Pension Fund Global holds 62 communication services companies worth $ 93.3B — 9.0% of its listed equity value — as of 8 September 2026.
Every position in this sector, largest first. Values are the fund's holding; ownership is the share of the company held.
| Company | Ticker | Country | Fund value (USD) | Fund value (NOK) | Ownership | Voting | Price | P/E | Market cap | Analyst rec |
|---|---|---|---|---|---|---|---|---|---|---|
| Alphabet Inc | GOOGL | United States | $ 50.5B | kr 499.4B | 1.17% | 0.52% | 338.41 | 16.97 | $ 4.1T | Strong Buy |
| Meta Platforms Inc | META | United States | $ 17.0B | kr 168.7B | 1.19% | 0.54% | 618.73 | 23.33 | $ 1.6T | Strong Buy |
| Netflix Inc | NFLX | United States | $ 4.0B | kr 40.0B | 1.36% | 1.36% | 76.61 | 24.09 | $ 319.0B | Buy |
| Verizon Communications Inc | VZ | United States | $ 2.2B | kr 21.4B | 1.23% | 1.23% | 50.11 | 13.05 | $ 208.2B | Buy |
| Deutsche Telekom AG | DTE.DE | Germany | $ 2.0B | kr 20.0B | 1.53% | 1.53% | 28.25 | 15.87 | $ 135.1B | Strong Buy |
| Walt Disney Co/The | DIS | United States | $ 1.9B | kr 18.7B | 1.13% | 1.13% | 104.53 | 21.55 | $ 180.5B | Strong Buy |
| Comcast Corp | CMCSA | United States | $ 1.8B | kr 18.2B | 2.10% | 1.36% | 26.16 | 8.38 | $ 92.8B | None |
| AT&T Inc | T | United States | $ 1.6B | kr 15.6B | 1.10% | 1.1% | 25.49 | 8.41 | $ 174.7B | Buy |
| AppLovin Corp | APP | United States | $ 1.4B | kr 14.3B | 0.83% | 0.31% | 313.19 | 24.07 | $ 105.2B | Buy |
| T-Mobile US Inc | TMUS | United States | $ 1.3B | kr 12.6B | 0.70% | 0.7% | 180.02 | 18.81 | $ 193.1B | Buy |
| Bharti Airtel Ltd | BHARTIARTL.NS | India | $ 1.2B | kr 11.8B | 0.98% | 0.98% | 1844.00 | 38.55 | $ 11.5T | Strong Buy |
| Take-Two Interactive Software Inc | TTWO | United States | $ 824.4M | kr 8.2B | 1.78% | 1.78% | 215.17 | — | $ 40.2B | Strong Buy |
| Warner Bros Discovery Inc | WBD | United States | $ 820.9M | kr 8.1B | 1.23% | 1.23% | 28.09 | — | $ 70.4B | Hold |
| Informa PLC | INF.L | United Kingdom | $ 639.5M | kr 6.3B | 4.22% | 4.22% | 895.20 | 52.66 | $ 11.2B | Buy |
| Spotify Technology SA | SPOT | United States | $ 624.4M | kr 6.2B | 0.26% | 0.26% | 529.58 | 28.72 | $ 108.9B | Buy |
| Electronic Arts Inc | EA | United States | $ 610.2M | kr 6.0B | 1.19% | 1.19% | 209.70 | 59.74 | $ 52.9B | Hold |
| Vodafone Group PLC | VOD.L | United Kingdom | $ 473.8M | kr 4.7B | 1.56% | 1.56% | 128.25 | — | $ 29.6B | Buy |
| Singapore Telecommunications Ltd | Z74.SI | Singapore | $ 439.0M | kr 4.3B | 0.79% | 0.79% | 4.54 | 13.35 | $ 74.0B | Buy |
| Live Nation Entertainment Inc | LYV | United States | $ 365.2M | kr 3.6B | 0.85% | 0.85% | 170.78 | — | $ 39.8B | None |
| BT Group PLC | BT-A.L | United Kingdom | $ 364.4M | kr 3.6B | 1.45% | 1.45% | 199.10 | 18.10 | $ 19.6B | Hold |
| Charter Communications Inc | CHTR | United States | $ 361.2M | kr 3.6B | 1.87% | 1.62% | 145.89 | 3.80 | $ 19.7B | Hold |
| Liberty Media Corp-Liberty Formula One | FWONA | United States | $ 317.9M | kr 3.1B | 1.38% | 2.7% | 87.49 | 108.01 | $ 21.9B | None |
| ROBLOX Corp | RBLX | United States | $ 283.4M | kr 2.8B | 0.73% | 0.32% | 45.51 | — | $ 32.5B | Buy |
| Pinterest Inc | PINS | United States | $ 217.8M | kr 2.2B | 1.84% | 0.5% | 20.20 | 59.43 | $ 11.4B | Buy |
| EchoStar Corp | SATS | United States | $ 172.5M | kr 1.7B | 0.59% | 0.12% | — | — | — | — |
| Globalstar Inc | GSAT | United States | $ 169.5M | kr 1.7B | 1.62% | 1.62% | 82.24 | — | $ 10.7B | None |
| Autotrader Group PLC | AUTO.L | United Kingdom | $ 160.4M | kr 1.6B | 3.07% | 3.07% | 513.00 | 15.09 | $ 4.0B | Hold |
| Versant Media Group Inc | VSNT | United States | $ 159.5M | kr 1.6B | 3.13% | 3.13% | 38.47 | 7.06 | $ 5.4B | Buy |
| Scout24 SE | G24.DE | Germany | $ 118.5M | kr 1.2B | 1.95% | 1.95% | 74.55 | 18.78 | $ 5.2B | None |
| Info Edge India Ltd | NAUKRI.NS | India | $ 106.9M | kr 1.1B | 1.60% | 1.6% | 1292.00 | 52.48 | $ 836.9B | None |
| Millicom International Cellular SA | TIGO | United States | $ 105.1M | kr 1.0B | 0.69% | 0.69% | 94.14 | 23.54 | $ 15.8B | Hold |
| Lumen Technologies Inc | LUMN | United States | $ 93.0M | kr 920.4M | 1.18% | 1.18% | 6.68 | — | $ 6.9B | Hold |
| Rightmove PLC | RMV.L | United Kingdom | $ 89.5M | kr 885.3M | 2.06% | 2.06% | 491.90 | 16.96 | $ 3.6B | None |
| Tata Communications Ltd | TATACOMM.NS | India | $ 86.6M | kr 856.5M | 1.46% | 1.46% | 1752.80 | 52.78 | $ 499.7B | Buy |
| Liberty Broadband Corp | LBRDA | United States | $ 72.3M | kr 715.1M | 1.51% | 0.96% | 35.99 | — | $ 5.2B | None |
| TELUS Corp | T.TO | Canada | $ 68.7M | kr 680.2M | 0.41% | 0.41% | 13.28 | — | $ 20.9B | Hold |
| Zegona Communications plc | ZEG.L | United Kingdom | $ 60.5M | kr 598.9M | 1.27% | 1.27% | 1638.00 | — | $ 3.7B | Strong Buy |
| Airtel Africa PLC | AAF.L | United Kingdom | $ 56.9M | kr 563.1M | 0.36% | 0.36% | 351.20 | 25.09 | $ 12.7B | Hold |
| Indus Towers Ltd | INDUSTOWER.NS | India | $ 50.3M | kr 497.7M | 0.46% | 0.46% | 373.05 | 13.77 | $ 983.8B | Hold |
| Liberty Global Ltd | LBTYA | United States | $ 46.5M | kr 460.4M | 1.23% | 0.67% | 10.75 | — | $ 3.7B | None |
| Freenet AG | FNTN.DE | Germany | $ 46.4M | kr 459.1M | 1.51% | 1.51% | 24.68 | 12.10 | $ 2.9B | Hold |
| United Internet AG | UTDI.DE | Germany | $ 39.0M | kr 385.8M | 0.77% | 0.77% | 27.92 | 15.86 | $ 4.8B | Buy |
| NETLINK NBN TRUST | CJLU.SI | Singapore | $ 37.1M | kr 367.5M | 1.26% | 1.26% | 0.97 | 48.75 | $ 3.8B | None |
| Helios Towers PLC | HTWS.L | United Kingdom | $ 34.3M | kr 339.0M | 1.24% | 1.24% | 203.40 | 101.70 | $ 2.1B | None |
| Vodafone Idea Ltd | IDEA.NS | India | $ 30.9M | kr 305.5M | 0.19% | 0.19% | 15.42 | 4.42 | $ 1.7T | Hold |
| BCE Inc | BCE.TO | Canada | $ 30.6M | kr 302.4M | 0.15% | 0.15% | 32.48 | 4.82 | $ 30.3B | Buy |
| Zee Entertainment Enterprises Ltd | ZEEL.NS | India | $ 30.3M | kr 299.7M | 2.88% | 2.88% | 86.31 | 40.91 | $ 82.9B | None |
| Quebecor Inc | QBR-B.TO | Canada | $ 23.2M | kr 229.3M | 0.22% | 0.05% | 63.08 | 15.46 | $ 14.2B | Buy |
| Bharti Hexacom Ltd | BHARTIHEXA.NS | India | $ 11.5M | kr 114.2M | 0.15% | 0.15% | 1549.30 | 42.40 | $ 774.7B | None |
| 1&1 AG | 1U1.DE | Germany | $ 11.5M | kr 113.5M | 0.30% | 0.3% | 23.90 | 35.15 | — | Buy |
| Vantage Towers AG | VTWR.DE | Germany | $ 9.9M | kr 97.9M | 0.04% | 0.04% | — | — | — | — |
| Roku Inc | ROKU | United States | $ 9.8M | kr 97.0M | 0.05% | 0.02% | 154.82 | 65.60 | $ 23.0B | Hold |
| Affle 3i Ltd | AFFLE.NS | India | $ 9.3M | kr 92.5M | 0.44% | 0.44% | 1609.40 | 47.67 | $ 226.5B | Strong Buy |
| StarHub Ltd | CC3.SI | Singapore | $ 7.8M | kr 76.7M | 0.56% | 0.56% | 1.11 | 6.94 | $ 1.9B | Hold |
| PVR Inox Ltd | PVRINOX.NS | India | $ 6.7M | kr 66.5M | 0.67% | 0.67% | 1231.30 | 43.28 | $ 120.9B | Strong Buy |
| Auction Technology Group PLC | ATG.L | United Kingdom | $ 6.4M | kr 63.5M | 0.96% | 0.96% | 415.80 | — | $ 503.5M | None |
| Rogers Communications Inc | RCI-B.TO | Canada | $ 5.9M | kr 58.7M | 0.03% | 0% | 50.46 | 4.43 | $ 27.3B | Buy |
| Railtel Corp of India Ltd | RAILTEL.NS | India | $ 2.1M | kr 20.4M | 0.20% | 0.2% | 266.30 | 24.73 | $ 85.5B | None |
| Cable One Inc | CABO | United States | $ 1.6M | kr 15.3M | 0.51% | 0.51% | 22.60 | — | $ 128.2M | None |
| Just Dial Ltd | JUSTDIAL.NS | India | $ 1.2M | kr 11.7M | 0.25% | 0.25% | 694.25 | 11.73 | $ 59.0B | Buy |
| GTPL Hathway Ltd | GTPL.NS | India | $ 911.9K | kr 9.0M | 1.26% | 1.26% | 58.08 | 86.69 | $ 6.5B | None |
| Route Mobile Ltd | ROUTE.NS | India | $ 541.2K | kr 5.4M | 0.16% | 0.16% | 502.55 | 12.75 | $ 31.7B | None |