Norway's Telenor
However, it still added some 2 million users in Myanmar during the quarter as call volumes rose, increasing its local customer base to 18.2 million. "We still believe we are making a difference when keeping our operations running," he told an earnings presentation. "We strive to continue to do so to the best of our ability."
As a result of the writedown, the Telenor group's net earnings slumped to a loss of 3.9 billion Norwegian crowns in the first quarter from a year-ago profit of 698 million crowns.Adjusted earnings before interest, tax, depreciation and amortisation fell 8% year-on-year to 13 billion crowns, in line with an analyst forecast of 13.1 billion crowns.
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