Telenor reports lower Q1 revenue and cuts full-year guidance as shares drop
Updated
Updated · The Wall Street Journal · Apr 28
Telenor reports lower Q1 revenue and cuts full-year guidance as shares drop
11 articles · Updated · The Wall Street Journal · Apr 28
Telenor's shares fell 7.3% to 150.30 Norwegian kroner after reporting Q1 revenue of 18.20 billion kroner and revising its outlook.
The Norwegian telecom now expects flat-to-low-single-digit organic adjusted Ebitda growth, down from previous mid-single-digit expectations, citing slower Nordic growth.
Despite the downgrade, ING remains positive on Telenor’s credit quality. The company’s revised guidance reflects ongoing challenges in its core Nordic markets.
Telenor's profits are soaring but revenues are falling. Is this smart strategy or a managed decline?
Telenor’s outlook is cut, yet a massive share buyback is planned. Who truly benefits?
With mixed analyst ratings and a falling stock price, has Telenor become a value trap?
Why is Telenor abandoning its 25-year Asian presence for a saturated Nordic market?
Is selling off assets and buying back shares the only way for European telcos to win?