Telenor cuts 2026 outlook after Q2 earnings miss

Norway’s leading telecom operator Telenor cut its 2026 outlook on Thursday after reporting weaker-than-expected second-quarter earnings, citing slower revenue growth ‌in ⁠Norway and ⁠Finland, higher operating expenses and macroeconomic challenges in Bangladesh.

Telenor’s adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) fell 9% to 7.99 billion Norwegian crowns ($826.48 million) in the quarter. Analysts polled by Telenor ⁠had expected ‌8.30 billion crowns on average.