0
General

Telenor writes off Myanmar business as unrest sends Q1 results lower

Tuesday 4 May 2021 | 09:11 CET | News
Telenor reported a fall in first-quarter results, hurt by the unrest in Myanmar. Revenues fell 1.6 percent year-on-year on an organic basis to NOK 28.9 billion, and adjusted EBITDA dropped 2.2 percent to NOK 13.0 billion. After writing off the entire value of its Myanmar business, at NOK 6.5 billion, the company was left with a net loss of NOK 3.9 billion, versus a profit of NOK 698 million a year ago. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Telenor
Countries: Asia / Scandinavia
::: add a comment
This article is part of dossier

5G

,

Coronavirus


Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Telenor returns to organic growth in Q2 after exit from Myanmar market

Published 20 Jul 2021 09:07 CET | Scandinavia
Telenor reported a return to organic revenue and EBITDA growth in the second quarter, following its decision to exit the Myanmar ...

MPT extends validity of unconsumed data balance to 30 additional days

Published 25 May 2021 12:20 CET | Myanmar
Myanmar operator MPT has announced it has extended the validity of customers' unconsumed data balance up to 30 additional days to ...

Globe inks 5G roaming agreements with Telia, Telecom Italia, AT&T

Published 07 May 2021 09:26 CET | Philippines
Philippines operator Globe Telecom has expanded its 5G roaming service to Denmark, Estonia, Finland, Norway, and Sweden, in ...

Telenor Pakistan underlying revenues up 4% in Q1

Published 05 May 2021 08:48 CET | Pakistan
Telenor Pakistan said total revenues decreased in the first quarter to NOK 1.4 billion from 1.55 billion. Subscription and ...

Telenor Myanmar's underlying revenues down 19% in Q1

Published 04 May 2021 17:01 CET | Myanmar
Telenor reported revenues of NOK 1.39 billion from its Myanmar business in Q1, down from NOK 1.85 billion a year earlier. The ...

DNA loses 11,000 mobile subscribers in Q1, claims leading position in Finnish fixed broadband

Published 04 May 2021 11:48 CET | Finland
Telenor reported a rise in total first quarter revenues for its Finnish operation, DNA, to NOK 2.42 billion from NOK 2.40 billion ...

Telenor Sweden adds 39,000 mobile subscribers in Q1, revenues shrink and EBITDA drops 9%

Published 04 May 2021 10:53 CET | Sweden
Telenor Sweden reported a 39,000 subscriber expansion of its mobile customer base in the first quarter to 2.79 million, driven by ...

Telenor Denmark lifts Q1 EBITDA by 14%, adds mobile and fixed internet subscribers

Published 04 May 2021 10:24 CET | Denmark
Telenor Denmark attracted another 5,000 mobile customers and 4,000 more internet subscribers in the first quarter of 2021, and a ...

Telenor Norway sheds 28,000 mobile subscribers in Q1, revenue drops 4% but EBITDA steady

Published 04 May 2021 09:55 CET | Norway
Telenor Norway reported the loss of 28,000 mobile subscribers in the first quarter of 2021 and a decline in average ARPU from Q4 ...

Telenor commits to adopting Sustainability Accounting Standards Board norms

Published 27 Apr 2021 13:11 CET | World
Telenor said that interest is in growing in how sustainability factors influence its business activities and financial position, ...

Telenor runs 5G SA trial of multi-vendor core on Red Hat

Published 20 Apr 2021 13:34 CET | World
Telenor said that it has established a 5G standalone core environment using a vendor-neutral platform, with network functions ...

Telenor, Axiata plan merger of Malaysian operations Celcom, Digi

Published 08 Apr 2021 09:51 CET | Malaysia
Telenor Group and Axiata are in advanced talks regarding a potential merger of their respective Malaysian mobile operations Digi ...

Telenor unifies global, Nordic IoT services under new Telenor IoT brand

Published 25 Mar 2021 14:06 CET | World
Telenor Group said it is unifying its Nordic IoT portfolio and its global Telenor Connexion under the brand Telenor IoT with ...

Telenor raises dividend after divestments boost Q4 profits, targets stable results in 2021

Published 02 Feb 2021 09:39 CET | Scandinavia
Telenor increased its annual dividend to NOK 9.0 per share from NOK 8.7 in 2020, after a strong improvement in profits, supported ...

Telenor predicts holograms to combat loneliness, robotic farmhands among 2021 technology trends

Published 22 Jan 2021 13:36 CET | World
Telenor Research has predicted five technology trends in 2021 following increased digitisation brought about by Covid-19. They ...

Telenor raises FY forecast for growth in underlying EBITDA thanks to cost cuts

Published 21 Oct 2020 09:25 CET | Scandinavia
Telenor said it now expects to report a small increase in underlying EBITDA this year, after a return to growth in the third ...





Calendar   /   Industry Events

28 Jul Telefonica Deutschland Q2 2021
28 Jul Facebook Q2
28 Jul Equinix Q2
28 Jul Spotify Q2 2021
28 Jul Cirrus Logic Q1
28 Jul Ribbon Communications Q2 2021
28 Jul Extreme Networks fiscal Q4
28 Jul Altice USA Q2
28 Jul Qualcomm fiscal Q3
28 Jul Ooredoo Q2 2021
29 Jul T-Mobile US Q2 2021
29 Jul Cellnex Q2
29 Jul Comcast Q2 2021
29 Jul Nokia Q2 2021
29 Jul Cellnex Q2 2021
29 Jul Hrvatski Telekom Q2 2021
29 Jul Airtel Africa Q2 2021
29 Jul Skyworks fiscal Q3
29 Jul Casa Systems Q2
29 Jul Citrix Systems Q2
29 Jul Amazon Q2
29 Jul BT fiscal Q1
29 Jul CyrusOne Q2 2021
29 Jul CoreSite Q2 2021
29 Jul American Tower Corp Q2 2021
29 Jul Fortinet Q2
29 Jul STMicroelectronics Q2 2021
29 Jul Millicom Q2 2021
29 Jul Samsung Electronics Q2 2021
29 Jul Poly fiscal Q1
29 Jul Telenet Q2 2021
29 Jul Liberty Global Q2 2021
29 Jul Consolidated Communications Q2
29 Jul Telefonica Q2 2021
29 Jul Orange Q2 2021
29 Jul Digital Realty Q2 2021
29 Jul Limelight Networks Q2 2021
29 Jul Vodacom fiscal Q1
::: More Calendar Items