“Entering 2020, we will continue to focus on growth, efficiency and simplification, ” Telenor said in a statement.
OSLO: Norway’s Telenor posted higher-than-expected fourth-quarter operating profits and said it expects its underlying earnings to rise in 2020 after last year’s decline.
The company’s October-December profit before interest, tax, depreciation and amortisation (adjusted EBITDA) rose 17% year-on-year to 11.88 billion Norwegian crowns (US$1.33bil), while analysts on average had expected profits of 11.68 billion.
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