Telenor sees margins improving after tough Q4
OSLO (Reuters) – Mobile telecoms firm Telenor expects steady growth and improving margins in 2013, after its fourth-quarter profit missed forecasts and it made an unexpected impairment charge on its Danish operations. Telenor, which has around 150 million customers in Europe and Asia, expects organic revenue growth of 3 to 5 percent this year after last year’s 5 percent, and it sees its earnings before interest, taxes, depreciation and amortization (EBITDA) margin widening to 34 percent from 32 percent, it said on Wednesday. . . .
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