DOW JONES NEWSWIRES
Telenor ASA (TEL.OS), the Norwegian telecom carrier, Wednesday
said it is likely to boost its investments this year in a bid to
capture market positions, as it expects revenue to continue grow
and margins to improve in 2013.
MAIN FACTS:
-Higher investments implies that Telenor sees its capital
expenditure as a proportion of revenue, excluding licences and
spectrum, at between 12%-14% in 2013.
-Capex to sales excluding licences and spectrum were at 12.1% in
2012.
-Telenor expects revenue growth in the range of 3%-5% and an
Ebitda-margin of around 34% in 2013.
-Telenor's revenue grew by 3% in 2012, while its full-year
Ebitda-margin was at 31%.
-4Q revenue was NOK25.99 billion, up from NOK25.43 billion the
same quarter a year ago.
-4Q Ebitda was NOK7.90 billion, up from NOK7.08 billion the same
quarter a year ago.
-4Q net profit was NOK3.19 billion, up from a NOK2.71 billion
net loss the same quarter a year ago when results were hit by a
goodwill writedown in India.
-Telenor proposes a dividend per share of NOK6 for 2012, an
increase of 20% compared to 2011.
-Telenor said it that now that its position in VimpelCom Ltd.
(VIP) has been restored, it will "support and contribute to the
company's value agenda going forward."
-Telenor shares closed at NOK119.10 on Tuesday.
Write to Sven Grundberg at sven.grundberg@dowjones.com; Twitter:
@svengrundberg
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