OSLO May 4 Norwegian telecoms firm Telenor
slightly raised its profit margin forecast for this
year as it posted core earnings in line with expectations on
Its adjusted earnings before interest, tax, depreciation and
amortisation (EBITDA) were 11.5 billion crowns ($1.33 billion),
against expectations in a Reuters poll for 11.5 billion crowns
and against 11.7 billion at the same time a year ago.
Telenor raised its EBITDA margin forecast for 2017 to 37
percent from an earlier view of 36 percent. Its outlook was
adjusted to reflect the sale of its struggling Indian unit to
Indian telecoms giant Bharti Airtel.
($1 = 8.6532 Norwegian crowns)
(Reporting by Ole Petter Skonnord and Joachim Dagenborg,
writing by Gwladys Fouche, editing by Terje Solsvik)