Q1 revenues have increased by 1.5% yoy at constant currency (vs +7% in H1 15 and +3% in H2). This clearly reflects the expected growth slowdown for 2016. In 2015, Telenor had already posted a pretty marked growth slowdown in Malaysia, Bangladesh and Thailand (40% of Telenor’s revenues). Adjusted for the currency effects, the group had recorded only stable revenues in these countries whereas they had been growth engines in the past. This is quite a big question mark for the future. In Q1
03 May 2016
Confirmation of slower growth
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Confirmation of slower growth
Q1 revenues have increased by 1.5% yoy at constant currency (vs +7% in H1 15 and +3% in H2). This clearly reflects the expected growth slowdown for 2016. In 2015, Telenor had already posted a pretty marked growth slowdown in Malaysia, Bangladesh and Thailand (40% of Telenor’s revenues). Adjusted for the currency effects, the group had recorded only stable revenues in these countries whereas they had been growth engines in the past. This is quite a big question mark for the future. In Q1