Norway’s Telenor slightly lags earnings forecast, takes $50 million hit in Malaysia

Norwegian telecom operator Telenor on Wednesday posted quarterly earnings slightly below market expectations and flagged a negative adjustment of 500 million Norwegian crowns ($49.8 million) related to rising 5G costs in Malaysia.

Telenor’s adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 5.4% organically to 9.54 billion crowns in the third quarter, while analysts polled by it had expected 9.60 billion crowns on average.