Telenor Q3 earnings lag forecasts as pandemic in Asia weighs

OSLO: Telenor on Thursday posted quarterly earnings that lagged estimates, citing the unexpected persistence of the COVID-19 pandemic in Asia, and said it was still awaiting authorities’ approval for the sale of its Myanmar business.

Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) for July-September fell 2% to 12.86 billion crowns ($1.52 billion), below the 13.19 billion analysts expected in a poll compiled by Telenor.