Telenor ASA

TEL: XOSL (NOR)
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Telenor Earnings: Improving Momentum, but Recovery Remains Uncertain

Telenor’s third-quarter results showed improving momentum after two quarters of guidance cuts. Organic EBITDA growth recovered to 1.5% from a 4.8% decline in the second quarter, while Finland showed some signs of stabilization. Management maintained its revised outlook for the year.

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