TEL Stock Slightly Up, Telenor Reports Strong Q4 Performance
Feb 2 2021 · 12:55 UTC | Updated
Feb 3 2021 · 07:47 by Kofi Ansah · 3 min read
Photo: Telenor Group
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Telenor attributed the economic impact of the COVID-19 pandemic primarily to the decline in tourism and business travels.
Telenor ASA (OSE: TEL) has announced that it expects its Asian operations to make a recovery from the COVID-19 pandemic in the second half of 2021 and have revealed their expectations for revenues and profits, which is to remain unchanged this year, compared to 2020. The February 1 announcement also revealed the Telenor Q4 net income attributable to equity holders rose to 7.69 billion Norwegian kroner ($893,662,590) from last year’s 1.77 billion kroner ($205,658,070).