Norwegian telecom operator Telenor raised 2024 sales expectations and increased Nordic service revenue forecast after Q2 earnings met expectations.
Norwegian telecom operator Telenor raised its 2024 sales expectations after Q2 earnings met expectations. Nordic service revenues forecast increased to low-to-mid single-digit organic growth, up from low single-digit growth. Q2 EBITDA was 8.79bn NOK ($820m), with a 3.8% increase in EBITDA at 8.8bn NOK, and a 4.5% rise in service revenues to 16.3bn NOK. Telenor attributes growth to Nordic and Asian markets, boosted by tech and cybersecurity investments.
July 18, 2024
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