Norway’s Telenor warns on Q2 profit after error at Grameenphone

OSLO: Norwegian telecoms group Telenor said its second-quarter earnings would take a hit from “errors” discovered at Grameenphone, its Bangladeshi telecoms division.

“Grameenphone has discovered some errors related to regular commission payments for prior years. Due to the materiality of this effect, Grameenphone has chosen to restate their historical financials,” Telenor said in a statement late on Friday.