Norway's Telenor flags lower earnings on dismal Asian businesses

  • 📰 Reuters
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Norwegian telecoms group Telenor said on Tuesday the company expects a decline i...

FILE PHOTO: Telenor flag flutters next to the company's headquarters in Fornebu, Norway, June 1, 2017. REUTERS/Ints Kalnins/File Photo

The new guidance includes an “adjusted outlook” at its Malaysian operations, Digi, as well as a provision from its Grameenphone business in Bangladesh, Telenor said. “Based on this and on the results so far this year, we expect subscription and traffic revenues at about the 2018 level and a low single-digit EBITDA decline,” the telco said in a statement.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 2. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian shares tick up, U.S. data, earnings in focus ahead of FedAsian shares inched up on Tuesday as traders awaited U.S. retail sales data and ...
Source: Reuters - 🏆 2. / 97 Read more »

Asian shares inch up as cautious investors await U.S. data, earningsMajor Asian equity indicators nudged higher on Monday as investors awaited U.S. ... 😉 Follow = Follow Back 😋 ....
Source: Reuters - 🏆 2. / 97 Read more »

China GDP fallout; Bank earnings; Prime DayToday’s top business headlines: - Major averages hit new records - China's economy slows as trade war continues - Secret deodorant to contribute $529,000 to US women's soccer
Source: CNN - 🏆 4. / 95 Read more »

U.S. corporate earnings lose their tax-cut mojoForecasts now show S&P 500 profit declining in the second quarter, a sharp turnaround from a year ago, as revenue gains slow. Prognosticators see earnings growth back in double digits in 2020, but they could be wrong again – a possibility record stock prices may not reflect.
Source: Breakingviews - 🏆 470. / 51 Read more »