Norway's Telenor eyes Asia recovery in H2, sees flat 2021 earnings


Telenor Group president and CEO Sigve Brekke

OSLO: Norway's Telenor said on Tuesday it expects its revenues and profit to be largely unchanged in 2021 from 2020 and that its large Asian operations will see a gradual market recovery from the pandemic in the second half of the year.

Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for October-December rose 0.9% year-on-year to 13.5 billion Norwegian crowns ($1.58 billion), while analysts in a poll on average had expected 13.8 billion crowns.

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Telenor , Sigve Brekke

   

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