Telenor is being pressured by slow growth in its mature markets in the Nordic region and competition at its businesses across Asia.
The company’s earnings before interest depreciation and amortisation fell 2% to 11.1 billion kroner , missing an estimate of 11.3 billion kroner. Revenue was in line with estimates at 28 billion kroner. Telenor is being pressured by slow growth in its mature markets in the Nordic region and competition at its businesses across Asia.
It’s also in talks with Axiata Group to merge operations in Asia, combining their telecom and infrastructure assets to create a company with 300 million customers in nine countries.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: malaymail - 🏆 1. / 86 Read more »