Report
TMT : Telenor: further solid performances
Telenor ( MW ) published its H1-18 results at the start of last week . On th e whole, the Scandinavian operator’s results were solid . Telenor is pressing ahead with efforts to streamline its operations, expand the digitaliz ation of its businesses, and downsize payroll costs . Given the strong balance sheet, with unadjusted net debt-to-EBITDA ratio of 1.1x at 30 June 2018 compared with 1.2x at 30 June 2017, Telenor passed a resolution at the last AGM authorising a new share buyback programme .
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Benoît Maynard
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