Føroya Tele Due Diligence

Run due diligence on Føroya Tele: check compliance and get alerts when suppliers or ownership change.

Faroe Islands · owned by Føroya Landsstýri (Government of the Faroe Islands) (Faroe Islands) · www.ft.fo · 7 vendors

Føroya Tele is the primary telecommunications provider in the Faroe Islands, offering mobile phone plans, broadband internet, and related services to both private consumers and businesses under its 'Ver' consumer brand. The company has operated for over 110 years and is owned by the Faroese government (Føroya Landsstýri), connecting residents and businesses across the islands with 5G, fixed broadband, and maritime connectivity solutions.

Resilience scores

Digital Sovereignty: 14
Digital Resilience: 8
Financial Resilience: 8

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Insights

Last updated 2026-09-08 · revision 2

7 direct vendors, 92 subvendors

Direct vendors by controlling owner country (sample)

United States: 3
Faroe Islands: 1
Australia: 1

Subvendors by controlling owner country (sample)

New Zealand: 1
Singapore: 1
Ireland: 1

Compliance

9 in-scope frameworks identified; showing 3.

Financials

Three-year financials

2025: revenue DKK 426M, EBIT DKK 46M, equity DKK 519M
2024: revenue DKK 425M, EBIT DKK 41M, equity DKK 516M
2023: revenue DKK 421M, EBIT DKK 26M, equity DKK 513M

Financial Resilience Score: 8/10

Føroya Tele demonstrates strong financial resilience as the 100% state-owned incumbent telecommunications operator of the Faroe Islands. The company enjoys implicit sovereign support, a dominant market position, and control over critical national infrastructure including fiber-to-home, mobile core networks, and the Shefa international submarine cable. Its balance sheet is solid with a solvency ratio of 53.6% at year-end 2025 and an equity base of DKK 519M, providing substantial cushion against operational shocks. Profitability has recovered strongly from a 2022 trough, with EBIT nearly tripling from DKK 13M in 2022 to DKK 46M in 2025. Free cash flow swung from –DKK 83M in 2022 to +DKK 50M in 2025 as heavy fiber capex tapered off. Liquidity is sound with DKK 70M cash at YE 2025 and DKK 130M operating cash flow that easily covers capex (DKK 80M) and dividends (DKK 35–50M annually to the government). The debt profile is long-term, with DKK 89M of DKK 151M in bank loans maturing after 5 years. Key risks include the small, mature domestic market (population ~54,000) that caps revenue growth at ~0–1% annually, competitive pricing pressure from rivals like Nema and Hey, regulatory oversight from the Faroese telecom regulator, and geographic isolation with dependency on just two submarine cables. Cumulative Shefa cable damage of DKK 28M from 2022–2025, a DKK 15.1M disputed creditor claim, and an unquantified royalty withholding tax contingent liability represent additional risk factors.

Key strengths: 100% Faroese Government ownership with implicit sovereign support, Incumbent dominant market position controlling critical national telecom infrastructure, Strong solvency ratio of 53.6% and equity base of DKK 519M, Recovering profitability with EBIT tripling from 2022 to 2025, Robust cash generation: DKK 130M operating cash flow in 2025, Diversified subsidiary portfolio (retail, wholesale, TV, international cable, IT), Long-term debt structure with DKK 89M maturing after 5 years, Over 110 years of operating history in the Faroe Islands

Risk factors: Small, mature domestic market limiting revenue growth to ~0–1% annually, Intense pricing competition from Nema, Hey and other operators, Regulatory oversight and DKK 3M competition-authority fine in 2024, Geographic isolation with dependency on only two submarine cables, DKK 28M cumulative Shefa cable damage 2022–2025 (DKK 8.3M outstanding), Rising cyber-security threats and upcoming NIS-style legislation, Unquantified royalty withholding tax contingent liability, DKK 15.1M disputed creditor claim booked under other liabilities, Low return on assets of only 4.8% in 2025 following heavy fiber capex

Revenue by geography

Faroe Islands: 87.6%
Abroad: 12.4%

Workforce by country

Faroe Islands: 177

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