Telenor Eyes Medium-Term Subscription, Traffic Revenue Growth of Up to 2%
March 03 2020 - 2:55AM
Dow Jones News
By Adria Calatayud
Telenor ASA said Tuesday that it targets subscription and
traffic revenue growth of up to 2% over the 2020-22 period, along
with net operating-expenditure reductions.
The Norwegian telecommunications company said it will aim to
maintain a healthy balance sheet and have a normalized free cash
flow generation covering ordinary dividends, which are expected to
increase year on year.
"Solid growth opportunities in Emerging Asia, and the strong
customers demand for adjacent services in the Nordics is expected
to be supportive for the revenue growth," President and Chief
Executive Sigve Brekke said.
The company said it targets having a carbon-neutral operation in
Nordic markets and a 50% reduction in Asia by 2030.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
March 03, 2020 02:40 ET (07:40 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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