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Tuesday, 20 July 2021

Norway's Telenor raises annual outlook despite quarterly profit slump

Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) for the April-June quarter fell to 12.35 billion Norwegian crowns ($1.38 billion), from 13.18 billion crowns a year earlier, and missed forecasts of 12.7 billion crowns in a company-compiled poll.

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