Telenor organic growth slows in Q2, maintains FY outlook

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(Telecompaper) Telenor said its underlying sales growth slow in the second quarter but maintained its full-year outlook for growth. On an organic basis, subscription and traffic revenues increased by 0.4 percent in Q2, compared to 1 percent growth in Q1 and a full-year forecast for 1-2 percent growth. Total reported revenues were still down 3 percent to NOK 27.485 billion, hurt by negative currency effects.
Source: Industry News (syndicated from Telecompaper.com)

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