Reported 28 days ago
Norwegian telecom company Telenor has raised its full-year outlook following third-quarter earnings that exceeded market expectations, which resulted in a 6% increase in its shares. The company reported EBITDA of 9.21 billion Norwegian crowns, slightly above forecasts. Telenor anticipates 3% to 4% organic growth in Nordic service revenues and approximately 6% growth in Nordic EBITDA, despite challenges in Bangladesh due to recent socio-political unrest. CEO Sigve Brekke expresses optimism for stability in Bangladesh and aims to support dividends while reducing capital expenditures in the Nordic region.
Source: YAHOO