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Q4 adjusted EBITDA NOK 13.5 bln vs forecast NOK 13.8 bln Eyes Asia market recovery in H2 Dividend to rise as expected to NOK 9 per share Shares rise 1.8% in early trade (Adds share price, detail)
OSLO, Feb 2 (Reuters) - Norway’s Telenor expects its large Asian operations to gradually recover from the COVID-19 pandemic in the second half of 2021, and anticipates largely unchanged revenues and profit this year compared to 2020, it said on Tuesday.
Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for October-December rose 0.9% year-on-year to 13.5 billion Norwegian crowns ($1.6 billion). Analysts in a poll had, on average, expected 13.8 billion crowns.