Telenor tops Q3 profit expectations, narrows 2023 outlook

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Telenor tops Q3 profit expectations, narrows 2023 outlook
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Remembering Harley: Graveside memorial service honours homeless Hantsport man’s life | SaltWireOSLO - 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.

"The third quarter was strong ... We delivered solid growth and earnings momentum in the Nordics and saw firm traction for synergy realisation in Asia," CEO Sigve Brekke said in a statement. Similarly, it expects EBITDA to grow by 3-4% this year, which earlier was also seen at"low-to-mid single-digit growth".

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