Norway's Telenor lags first-quarter core earnings expectations
Norwegian telecom operator Telenor reported first-quarter earnings slightly below analysts' expectations on Tuesday but said it had continued to grow service revenues above inflation on an organic basis in the Nordics.
Telenor's earnings before interest, tax, depreciation and amortisation (EBITDA) before other items rose to 8.64 billion Norwegian crowns ($832.82 million) in the January-March quarter, from 8.51 billion a year earlier.
Telenor's and Orion's acquisition: CCP decision delay threatens pact, PTCL chief says
Analysts, on average, had expected 8.67 billion crowns in a company-compiled poll.
'In Asia, we were encouraged by Grameenphone's quarter-on-quarter improvement, although it is premature to determine if this represents a trend,' CEO Benedicte Schilbred Fasmer said in a statement.
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