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General

Telenor cuts FY outlook as underlying revenues turn lower in Q2

Thursday 16 July 2020 | 09:19 CET | News
Telenor has lowered its outlook for full-year results, after the Covid-19 outbreak led to a slowdown in the second quarter. Organic growth in subscription and traffic revenues turned negative in the quarter, down 3.6 percent, and Telenor now expects a low single-digit decline over the full year. Cost reductions helped the company lift EBITDA in the quarter, and Telenor targets a stable result in the full year. 

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Categories: General
Companies: Digi / DNA / DTAC / GrameenPhone / Telenor
Countries: Asia / Scandinavia
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