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☆ Telenor tops Q3 profit expectations, narrows 2023 outlook
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsOSLO, Oct 25 (Reuters) - Norwegian telecoms operator Telenor (TEL.OL) on Wednesday reported third-quarter earnings above expectations, supported by growing mobile service revenue and lower energy prices in the Nordics, and narrowed its full-year projections. Telenor's Nordics service revenue grew 4% and EBITDA by 8% in the quarter. Similarly, it expects EBITDA to grow by 3-4% this year, which earlier was also seen at "low-to-mid single-digit growth". Telenor reiterated it expects capital expenditure in the Nordics to be around 17% of revenues for the period. ($1 = 11.1481 Norwegian crowns)Reporting by Victoria Klesty; Editing by Terje Solsvik and Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

Persons: Dado Ruvic, Sigve Brekke, Telenor's, Victoria Klesty, Terje Solsvik Organizations: Telenor, REUTERS, Rights, Thomson Locations: Rights OSLO, Norwegian, Asia, Nordic, Malaysia, Thailand

☆ Telenor Q3 gets surprise boost from one-off gain in Pakistan
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +2 min

Dented by soaring inflation and intense competition, the company's shares have lost 35% year-to-date, closing at a 10-year low on Tuesday. "However, the negative effects are, this quarter, countered by a reversal of SIM tax provision in Pakistan." The one-off gain could help Telenor meet its annual goal of unchanged profit versus last year, it said. The group maintained its investment forecast for the year, predicting capital expenditure would amount to 16-17% of sales, and reiterated that service revenue would see "low single-digit growth". "We see positive trends for mobile service revenue in the Nordic region, with a growth of 4% in the third quarter," Brekke said.

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