In the second quarter of 2009, Telenor's revenues were almost flat at 26.92 billion Norwegian krone (4.29 billion US dollars) compared with the same period of 2008. The company, which now has 168 million mobile connections in Europe and Asia, said its capital spending was just 3.25 billion krone in the quarter, down 49% year-on-year.
Telenor said it expects its organic revenues in 2009 to be in line with 2008, while capital expenditure, excluding licences and spectrum, is expected to be in the range of 16% to 19% of revenues. source: Telenor statement
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