Norway's Telenor slightly lags earnings forecast, takes $50 million hit in Malaysia
Update: 2025-10-29
Description
Telenor, the Norwegian telecom giant, released its quarterly financial results, revealing mixed performance. While core earnings fell short of analyst expectations and a $500 million adjustment was made due to escalating 5G costs in Malaysia, the company saw growth in its Nordic regions. Telenor's CEO, Benedicte Schilbred Fasmer, expressed optimism about Bangladesh's economic recovery, despite political turmoil. Looking ahead, Telenor anticipates 5-6% organic growth for the group and 8-9% growth in the Nordic business, but faces challenges in managing 5G costs in Malaysia.
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