Telenor shares slumps on 2026 outlook cut, Q2 adj. EBITDA miss

Telenor ASA

16/07/2026 08:11

  ** Shares in Norwegian telecom Telenor TEL.OL fell 8.5% after company has cut its 2026 outlook, second quarter in the row
** Telenor now expects flat to slightly negative organic growth in the group adjusted EBITDA, down from flat to low-single-digit growth, and free cash flow of around NOK 10 billion  ($1.04 billion), compared with NOK 10 billion to NOK 11 billion previously
** Company reported miss on Q2 adj. EBITDA of NOK 7.99 billion, which fell 9% year-on-year and missed company consensus of NOK 8.30 billion 
**  Citi notes the firm missed core profit estimates due to heightened market competition and promotions in Norway that pressured average revenue per user
** The brokerage adds that challenging macroeconomic conditions in Bangladesh and a provision for a value-added tax dispute in Norway further weighed on the results
** Shares lowest since January 27, 2025


($1 = 9.6607 Norwegian crowns)

 (Reporting by Agnieszka Olenska)
 ((Agnieszka.Olenska@thomsonreuters.com;))