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General

Telenor increases dividend 20% after solid 2012

Wednesday 13 February 2013 | 09:12 CET | News
Telenor announced a 20 percent increase in its dividend and plans to boost capex in 2013. The Norway-based operator will pay a dividend of NOK 6 per share for 2012, up 20 percent after a strong set of annual results. The company's organic sales growth for the year came in at 5 percent, better than the forecast 4 percent, driven by subscriber growth in Asia and demand for smartphones and mobile data services in the Nordic markets. The adjusted EBITDA margin fell slightly short at 32 percent, versus a target of 35-36 percent. Telenor forecast revenue growth of 3-5 percent this year and an

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Categories: General
Companies: Telenor / Vimpelcom
Countries: Asia / Eastern Europe / Scandinavia
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