Kawundo.com
(Corrects to say earnings fell, not rose, in paragraph 2)
(Reuters) -Norwegian telecom operator Telenor raised its full-year outlook after it reported third-quarter earnings slightly more than market expectations on Wednesday.
The company said in a statement its earnings before interest, tax, depreciation and amortisation (EBITDA) before other items fell to 9.21 billion crowns ($840.08 million) in the July to September quarter, from 9.25 billion a year earlier.
That was slightly above analysts’ expectations in a consensus poll provided by the company.
It now expects 3%-4% organic growth in Nordic service revenues, up from low-to-mid single digits earlier, around 6% Nordic EBITDA growth from mid-single-digit earlier, and free cash flow of NOK 9.5-10 billion ($8.68 billion) from the previous NOK 9-10 billion.
($1 = 10.9469 Norwegian crowns)
(By Jesus Calero; Editing by Mrigank Dhaniwala)
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