The Norwegian telecom giant Telenor reported on Thursday, 4 May 2023 that its first-quarter earnings are in line with expectations.
As the Analysts polled in a Refinitiv survey on average had expected 8.2 billion crowns.
The company’s earnings for January-March were flat year-on-year at 8.1 billion Norwegian crowns ($755.92 million) before interest, tax, depreciation and amortization (EBITDA).
This amount still included profits from its Thai unit, according to Reuters.
Previously in March, Telenor completed a $8.6 billion deal in Thailand and completed a $15 billion merger with Malaysia’s telecom firm in 2022.
Now, both its Malaysian and Thai units are listed under discontinued operations.
Source: https://www.reuters.com/business/media-telecom/telenor-q1-earnings-lag-forecasts-2023-05-04/
