Thursday, 27 July 2017

Highs and lows in Telenor's Q2 numbers

By Mary Lennighan, Total Telecom
Tuesday 19 July 16

Norwegian telco reports strong performance in Pakistan, Bangladesh, Myanmar, but lowers full-year revenue growth guidance based on 1H results.

Telenor on Tuesday presented a mixed set of second-quarter financials with markets like Pakistan, Bangladesh and Myanmar turning in strong performances, while weaknesses elsewhere, including in its home market, took their toll. The Norwegian-based telecoms group adjusted its full-year outlook based on its performance in the first half, revising down its expectations for revenue growth, but increasing its earnings forecast. Organic revenue growth in Q2 came in at just 0.6%…

Telenor on Tuesday presented a mixed set of second-quarter financials with markets like Pakistan, Bangladesh and Myanmar turning in strong performances, while weaknesses elsewhere, including in its home market, took their toll. The Norwegian-based telecoms group adjusted its full-year outlook based on its performance in the first half, revising down its expectations for revenue growth, but increasing its earnings forecast. Organic revenue growth in Q2 came in at just 0.6%…

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