Norwegian telecom operator Telenor raised its full-year outlook on Wednesday after it reported third-quarter earnings slightly ahead of market expectations. <\/p>\n
The company said in a statement that its earnings before interest, tax, depreciation and amortisation (EBITDA) before other items fell to 9.21 billion crowns ($840.08 million) in the July to September quarter, from 9.25 billion a year earlier. <\/p>\n
That was slightly above analysts’ expectations in a consensus poll provided by the company. <\/p>\n
It now expects 3%-4% organic growth in Nordic service revenues, up from low-to-mid single digits earlier, around 6% Nordic EBITDA growth from mid-single digit earlier, and free cash flow of NOK 9.5-10 billion from the previous NOK 9-10 billion. <\/p>\n
Telenor said the outlook reflects confidence in Nordic growth, driven by upselling strategies and enhanced services, despite macroeconomic setbacks in Bangladesh. <\/p>\n
“Following social unrest that led to the toppling of the (Bangladesh) government, we were forced to close our mobile data network,” Telenor CEO Sigve Brekke said in a statement. <\/p>\n
Although the network reopened after the new government took over, key economic sectors remain partially closed, and recovery in Bangladesh will take time, he added. <\/p>\n
Telenor’s operations in Bangladesh, under the brand Grameenphone, have been significant contributors to the company’s total revenues, at nearly 18% in the third quarter. <\/p>\n
Meanwhile, Telenor’s Nordics business area saw strong organic service revenue growth, driven by a “more-for-more” pricing strategy that enabled the company to enhance service offerings while justifying higher prices. <\/p>\n
It added net mobile subscribers across the Nordic region, which contributed to revenue growth despite competitive pressures, particularly in the large and medium enterprise segments.<\/p>\n","protected":false},"excerpt":{"rendered":"
Norwegian telecom operator Telenor raised its full-year outlook on Wednesday after it reported third-quarter earnings slightly ahead of market expectations. The company said in a statement that its earnings before interest, tax, depreciation and amortisation (EBITDA) before other items fell to 9.21 billion crowns ($840.08 million) in the July to September quarter, from 9.25 billion a year earlier. That was slightly above analysts’ expectations in a consensus poll provided by the company. It now expects 3%-4% organic growth in Nordic service revenues, up from low-to-mid single digits earlier, around 6% Nordic EBITDA growth from mid-single digit earlier, and free cash […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-872023","post","type-post","status-publish","format-standard","hentry","category-telecom"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/872023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=872023"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/872023\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=872023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=872023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=872023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}