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Reuters UK
Reuters UK
OSLO (Reuters) – Norway’s Telenor said on Wednesday it expects its earnings to be largely flat or slightly higher in 2022 compared to last year, as it posted quarterly profits below forecasts. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for October-December fell 6.5% year-on-year to 11.7 billion Norwegian crowns ($1.33 billion), while analysts in a poll on average had expected 12.2 billion. The company’s overall revenue declined by 4.8% in 2021, reflecting the pending sale of its Myanmar operation, while adjusted for this it increased by 1.2%, it added. “Ente…