Telenor ASA (OSL:TEL) reported Q2 core earnings that missed estimates after tougher year‑on‑year comps, higher infrastructure and transformation costs, and adverse macro conditions in Bangladesh, but it still forecasts roughly NOK 10bn free cash flow before M&A and expects transformation gains toward year‑end.
Previous Week Recap
- Telenor Q2 Core Earnings Missed: Telenor ASA (TEL) Q2 core earnings missed estimates due to tougher year‑on‑year comps, higher infrastructure and transformation costs, and adverse macro conditions in Bangladesh affecting operations.
- Telenor Free Cash Flow Outlook: Telenor ASA (TEL) forecasts ~NOK 10 billion free cash flow before M&A (excl. dividends from associates). Transformation program gains expected to appear toward year-end.
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