Finance
Norway's Telenor lags first-quarter core earnings expectations
Published by Global Banking & Finance Review®
Posted on May 6, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 6, 2025
1 min readLast updated: January 24, 2026
Telenor's Q1 earnings missed expectations, with EBITDA at 8.64 billion crowns. However, service revenue grew above inflation in the Nordics.
(Reuters) -Norwegian telecom operator Telenor reported first-quarter earnings slightly below analysts' expectations on Tuesday but said it had continued to grow service revenues above inflation on an organic basis in the Nordics.
Telenor's earnings before interest, tax, depreciation and amortisation (EBITDA) before other items rose to 8.64 billion Norwegian crowns ($832.82 million) in the January-March quarter, from 8.51 billion a year earlier.
Analysts, on average, had expected 8.67 billion crowns in a company-compiled poll.
"In Asia, we were encouraged by Grameenphone's quarter-on-quarter improvement, although it is premature to determine if this represents a trend," CEO Benedicte Schilbred Fasmer said in a statement.
($1 = 10.3744 Norwegian crowns)
(Reporting by Elviira Luoma; Editing by Nivedita Bhattacharjee)
The article discusses Telenor's first-quarter earnings, which slightly missed analysts' expectations, and their service revenue growth in the Nordics.
Telenor's EBITDA rose to 8.64 billion crowns, slightly below the expected 8.67 billion crowns, but service revenue grew above inflation.
Grameenphone showed a quarter-on-quarter improvement, though it's too early to determine if this is a trend.
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