Reported about 18 hours ago
Norwegian telecom company Telenor's quarterly earnings fell short of expectations, reporting an adjustment of approximately $50 million due to rising 5G costs in Malaysia. While Telenor's core Nordic markets showed strong growth, its overall results were slightly below analyst forecasts, causing shares to drop by 5%. The company anticipates organic growth for the year, despite challenges in the Asian market, particularly in Bangladesh where political instability has affected performance.
Source: YAHOO