Telenor Lowers Sales Targets

Telenor, which has operations in Europe and Asia, lowered its sales growth target for 2016 to between 1% and 2% on an organic basis, from its previous target of 2% to 4%. It also said its capex/sales ratio would be about 17%, at the low end of its original forecast of 17%-19%.

For the second quarter, Telenor reported organic sales growth of 0.6% to 32.5 billion Norwegian krone (3.82 billion US dollars). source: Telenor presentation