Asia Drives Growth at Telenor

Lifted by 13% organic revenue growth in its Asian operations, Telenor said that its revenues grew 4.7% year-on-year in the second-quarter on an organic basis to 25.18 Norwegian krone (4.03 billion US dollars). Capex was down very slightly to 2.98 krone.

Telenor said that it now expects organic revenues to grow between 3% and 5% in 2010 and capex to be between 12% and 13% of sales, compared with its previous forecast of between 13% and 14%. source: Telenor presentation