telecommunications

The frauds that have emerged so far, which involve small to midsize companies in sectors such as autos and telecommunications, haven’t sparked widespread trouble in the market or economy.

They point to comments by Keppel, the current owner of the M1 telecommunications provider, hoping to complete a sale by the end of the year.

“The result is driven by strong returns in the stock market, particularly in basic materials, telecommunications and the financial sector,” said Norges Bank Investment Management Deputy Chief Executive Trond Grande.

The chip maker will have a 2.9% ownership stake in the Finnish telecommunications company.

The telecommunications company added a record 2.3 million post-paid subscribers over the quarter.