Telenor sees 30% revenue growth in 2006

24 May 2006

Norwegian telecoms group Telenor said it expects to see revenue growth of around 30% in 2006, reports Dow Jones Newswires. The company predicts its full year EBITDA margin at more than 34%, with capital expenditure above 20% of sales. Telenor has highlighted the improvement of its position and profitability in Sweden, where it operates via its Glocalnet subsidiary, and continued cost reductions in its domestic market, as its priorities for the year.

Norway, Telenor Group