Norway’s Telenor maintains outlook, Q1 in line with forecast, Telecom News, ET Telecom

OSLO: Norwegian telecoms company Telenor maintained its outlook for 2024 as it reported first-quarter earnings in line with expectations on Tuesday.

Earnings before interest, tax, depreciation and amortisation (EBITDA) before other items for January-March rose to 8.5 billion crowns ($771.56 million) from 8.1 billion a year earlier, as expected by analysts in a company-provided poll.

The company said it would accelerate the application of artificial intelligence in its business in the Nordic region.

“Everything that can be improved with AI will be improved with AI,” CEO Sigve Brekke said in a statement.

The Telenor group has 209 million subscribers in the Nordic countries and Asia.