Norway's Telenor flags lower earnings on dismal Asian businesses

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Norway's Telenor flags lower earnings on dismal Asian businesses
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Norwegian telecoms group Telenor said on Tuesday the company expects a decline i...

FILE PHOTO: Telenor flag flutters next to the company's headquarters in Fornebu, Norway, June 1, 2017. REUTERS/Ints Kalnins/File Photo

The new guidance includes an “adjusted outlook” at its Malaysian operations, Digi, as well as a provision from its Grameenphone business in Bangladesh, Telenor said. “Based on this and on the results so far this year, we expect subscription and traffic revenues at about the 2018 level and a low single-digit EBITDA decline,” the telco said in a statement.

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