Telenor Lowers Financial Outlook After Difficult Second Quarter
The telecommunications company cited challenging market conditions and internal transformation costs for its revised guidance.
Business & Markets • 3 months ago
Telenor reported a challenging second quarter, leading the telecommunications company to cut its financial guidance. The company attributed its performance to difficult year-on-year comparisons, the timing of commercial initiatives, and costs associated with its ongoing transformation.
A particularly challenging macroeconomic environment in Bangladesh also impacted the company's results. These factors collectively contributed to a performance that necessitated a downward revision of Telenor's financial outlook for the period.