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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: