ELMUF - Elisa Oyj: Defensive But Expensive
Introduction
Image courtesy of Elisa Oyj
Elisa Oyj (OTCPK:ELMUF) is a Finnish ICT-company that offers its telecommunications services in Finland and Estonia and it currently is the market leader for telecommunications services in Finland. Elisa was founded already in 1882 under the name Helsinki Telephone Association and the company is listed on the Helsinki Stock Exchange with a market cap of 7.8bn euros. The company's global alliance partners are Vodafone (NASDAQ:VOD) and Telenor (OTCPK:TELNF) and its main competitors are other Nordic telecommunication corporations such as Telia (OTCPK:TLSNF).
The company operates within two business