Telenor lowers 2024 guidance after weaker second-quarter results

TL;DR: Telenor lowered its 2024 financial guidance after reporting weaker-than-expected second-quarter results, including softer performance in its Nordic markets. The company said this was the second guidance cut in two quarters.

Telenor lowered its full-year 2024 guidance after its second-quarter results came in below expectations, according to telecoms.com. The report said this was Telenor’s second guidance reduction in two quarters.

The weaker second-quarter performance included Telenor’s Nordic markets, which are central to the group’s business. The source did not provide specific revised guidance figures in the excerpt.

Telecoms.com reported the guidance cut as part of Telenor’s second-quarter update. The available source text did not include further detail on individual country performance, revenue, earnings, or subscriber metrics.

Related questions

• What revised 2024 guidance did Telenor provide after its second-quarter results?
• Which Nordic markets contributed to Telenor’s weaker second-quarter performance?
• How does this second guidance cut compare with Telenor’s previous 2024 outlook revision?