OSLO (Reuters) – Norway’s Telenor will see revenue growth of up to 2% annually until 2022, as it cuts costs further, rolls out 5G telecoms networks and increases dividends every year, the company said on Tuesday.
FILE PHOTO: Telenor’s logo is seen in central Belgrade, Serbia, March 21, 2018. REUTERS/Marko Djurica/File Photo
Telenor has cut 22% of jobs since 2015, not counting acquisitions and divestment, and could cut a further 15% in the next three years, equivalent to around 3,000 full-time positions, the company said.
“Solid growth opportunities in emerging Asia, and the strong customer demand for adjacent services in the Nordics is expected to be supportive of revenue growth,” Chief Executive Officer Sigve Brekke said as Telenor laid out its 2020-2022 strategy.
The company’s shares rose 2.9% by 0815 GMT, in line with the Oslo benchmark stock index.
Job cuts, automation, shutting old copper networks and improving the efficiency of other technology will lead to a savings…
Source Reuters Tech News
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