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Telenor writes off NOK 2.1 bln on Danish operations

Wednesday 10 February 2016 | 13:33 CET | News
Telenor wrote down the value of its Danish business by NOK 2.1 billion in the fourth quarter of 2015, after its proposed merger with Telia Denmark was blocked by regulators last year. Telenor said the outlook for the Danish market remains challenging, and it has started a "turnaround process" since the joint venture talks ended. Its revenues in local currency were down 3 percent year-on-year in the fourth quarter to the equivalent of NOK 1.43 billion, driven by a 10 percent fall in fixed revenues and 8 percent drop in mobile ARPU. The latter was hurt by reduced interconnect prices and the

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Categories: Mobile & Wireless
Companies: Telenor / Telia Denmark
Countries: Denmark
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