Predicting a revenue rebound in south east Asia, Telenor forecast that its organic revenues will grow by a low single digit percentage in 2010 after falling 1% in 2009. The Oslo-based telecoms company, which has operations in Europe and Asia, also expects capital spending to fall to between 14% and 16% of revenues in 2010 compared with 16.5% in 2009.
In the fourth quarter of 2009, Telenor's organic revenues fell 1% year-on-year to 26.26 billion Norwegian (4.44 billion US dollars) as the operator continued to grapple with "challenging" conditions in central and eastern Europe. source: Telenor presentation
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