Telenor Misses Profit Estimates and Cuts Targets
The Norwegian telecom operator reported quarterly core earnings of 8.05 billion crowns on Tuesday. Growth concerns in Finland and Bangladesh led the firm to trim its organic EBITDA targets for the 2026 fiscal year.
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TELENOR ASA reported first-quarter core earnings that fell short of market expectations on Tuesday, as the company faced headwinds in both its Nordic operations and international markets. The telecom giant, headquartered in Norway, recorded adjusted earnings before interest, taxes, depreciation, and amortisation (EBITDA) of 8.05 billion Norwegian crowns ($864.6 million) for the period. This result trailed the 8.25 billion crowns average forecast previously compiled by analysts.
