Telenor stock slides after small earnings miss, tightened guidance By Investing.com
Update: 2025-10-29
Description
Telenor, the Norwegian telecom giant, reported lower-than-expected earnings for Q3, with adjusted EBITDA at 9.54 billion crowns, missing analyst predictions. The company's shares dropped over 4% in Oslo due to higher costs in Malaysia, particularly in their 5G operations with Axiata. Despite steady growth in Nordic markets and strong performance in Bangladesh, increased spectrum and data costs in Asia are squeezing cash flow. Telenor has revised its 2023 targets, focusing on Nordic operations with expected organic growth of 2-3% in service revenues and 8-9% in adjusted EBITDA. The company's broader group growth projection has been slightly reduced to 5-6%.
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