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7/20/2021, 4:26 PM (Source: TeleTrader)
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Telenor increases revenue outlook on expansion in Asia

Telenor ASA upgraded its 2021 revenue outlook on Tuesday after announcing expectations of its recovery on the Asian market following the coronavirus pandemic.

The Norway telecommunications company added 1.3 million users in Bangladesh and 300,000 users in Pakistan, prompting positive sentiment related to the full-year earnings results.

"A lot of these customers are coming to data use for the first time and in markets like Pakistan and Bangladesh still only 50% of the customers are using data... In our Asian markets our data revenue has increased 20% over that the last one and half years and this is because people now are really starting to use data," CEO Sigve Brekke explained.

Baha Breaking News (BBN) / ND