Friday, 18 August 2017

Telenor buoyed by Myanmar in Q2

By Mary Lennighan, Total Telecom
Wednesday 22 July 15

Norwegian incumbent posts revenue and EBITDA growth in second quarter, highlights contribution from new group operation.

Telenor posted strong quarterly revenue growth on Wednesday, but its earnings came in behind analysts' expectations, despite getting a boost from the telco's buoyant Myanmar operation. The Norwegian incumbent posted revenues of 30.18 billion kroner (€3.4 billion) in the three months to the end of June, up 17.5% year-on-year. It attributed the growth to positive currency effects of NOK5…

Telenor posted strong quarterly revenue growth on Wednesday, but its earnings came in behind analysts' expectations, despite getting a boost from the telco's buoyant Myanmar operation. The Norwegian incumbent posted revenues of 30.18 billion kroner (€3.4 billion) in the three months to the end of June, up 17.5% year-on-year. It attributed the growth to positive currency effects of NOK5…

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