OSLO : Norwegian telecoms operator Telenor on Wednesday reported third-quarter earnings above expectations, supported by growing mobile service revenue and lower energy prices in the Nordics, and narrowed its full-year projections.
Adjusted earnings before interest, tax, depreciation and amortisation for July-September rose 1.5 per cent on an organic basis to 9.3 billion Norwegian crowns , while analysts on average had expected 9.1 billion.
Telenor's Nordics service revenue grew 4 per cent and EBITDA by 8 per cent in the quarter. The operator now expects this business to show organic growth of above 3 per cent in service revenues this year against a previous guidance for"low-to-mid single-digit growth". Telenor reiterated it expects capital expenditure in the Nordics to be around 17 per cent of revenues for the period.