{"id":310621,"date":"2021-10-28T10:35:29","date_gmt":"2021-10-28T10:35:29","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=331631"},"modified":"2021-10-28T10:35:29","modified_gmt":"2021-10-28T10:35:29","slug":"asia-pandemic-woes-weigh-on-telenor","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2021\/10\/28\/asia-pandemic-woes-weigh-on-telenor\/","title":{"rendered":"Asia pandemic woes weigh on Telenor"},"content":{"rendered":"

<\/p>\n

\tTelenor\u2019s net income and revenue slipped in Q3 as ongoing Covid-19 (coronavirus) impacts in its Asian markets offset a stronger performance in the Nordics.<\/p>\n

Revenue of NOK27.4 billion ($3.2 billion) was down from NOK28.4 billion in Q3 2020, while net income dropped from NOK4.5 billion to NOK2.6 billion.<\/p>\n

In a statament, Telenor highlighted a solid performance in the Nordics, with demand for value added services in Norway driving a 3 per cent rise in mobile ARPU, and 5G fuelling a 4 per cent rise in subscription and traffic revenue in Finland and Norway.<\/p>\n

Other positives included a 1.8 million increase in the group\u2019s overall subscriber base to 172 million.<\/p>\n

Telenor maintained its full-year outlook as CEO Sigve Brekke hailed progress with its strategic ambitions including modernisation and digitalisation initiatives.<\/p>\n

Asia hit
\nTelenor generates half of its overall revenue in Asia, making the ongoing Covid-19 woes a major issue.<\/p>\n

It noted early signs of gradual recovery from the impact, but explained Q3 was hit by lockdowns in Thailand and Bangladesh.<\/p>\n

The situation in Malaysia was beginning to ease.<\/p>\n

Telenor predicted low-levels of international travel and the associated hit to roaming revenue “will likely remain until restrictions are eased and mass-vaccination has gained traction”.<\/p>\n

“The duration and modality of restrictions, and the timing of economic recovery in Asia remains uncertain.”<\/p>\n

It did not include its Myanmar [1] operation in the Q3 figures.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/telenor-pledges-to-see-myanmar-sale-through<\/p>\n\n

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<\/p>","protected":false},"excerpt":{"rendered":"

Telenor\u2019s net income and revenue slipped in Q3 as ongoing Covid-19 (coronavirus) impacts in its …<\/p>\n

The post Asia pandemic woes weigh on Telenor<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":247,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Asia pandemic woes weigh on Telenor - ITTeacherITFreelance.hk","description":"Telenor\u2019s net income and revenue slipped in Q3 as ongoing Covid-19 (coronavirus) impacts in its ... The post Asia pandemic woes weigh on Telenor appeared first"},"footnotes":""},"categories":[11,8],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/310621"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/247"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=310621"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/310621\/revisions"}],"predecessor-version":[{"id":310622,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/310621\/revisions\/310622"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=310621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=310621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=310621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}