TELNY Telenor ASA (QX)

   By Adria Calatayud 
 

Telenor ASA said Tuesday that it targets subscription and traffic revenue growth of up to 2% over the 2020-22 period, along with net operating-expenditure reductions.

The Norwegian telecommunications company said it will aim to maintain a healthy balance sheet and have a normalized free cash flow generation covering ordinary dividends, which are expected to increase year on year.

"Solid growth opportunities in Emerging Asia, and the strong customers demand for adjacent services in the Nordics is expected to be supportive for the revenue growth," President and Chief Executive Sigve Brekke said.

The company said it targets having a carbon-neutral operation in Nordic markets and a 50% reduction in Asia by 2030.

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

March 03, 2020 02:40 ET (07:40 GMT)

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