(Reuters) -Norwegian telecom operator Telenor raised its 2024 sales expectations on Thursday after its second-quarter earnings met market expectations.
The company hiked its full-year forecast for Nordic service revenues to low- to mid-single-digit organic growth, compared with the previous forecast of low single-digit growth.
Earnings before interest, tax, depreciation and amortisation (EBITDA) before other items rose to 8.79 billion Norwegian crowns ($820 million) in the April to June quarter from 8.77 billion crown a year earlier, matching analysts’ expectations in a consensus poll provided by the company.
Telenor said it benefited from growth in the Nordic and Asian markets, backed by strategic investments in technology and cybersecurity.
($1 = 10.7241 Norwegian crowns)
(Reporting by Jesus Calero in Gdansk; editing by Milla Nissi)
