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OSLO, April 27 (Reuters) - Norwegian telecoms firm Telenor reported first-quarter earnings that beat forecasts on Wednesday and repeated its guidance for 2016.
Telenor’s adjusted quarterly earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to 11.69 billion crowns ($1.43 billion) from 10.59 billion a year ago, slightly ahead of expectations for 11.28 billion crowns seen in a Reuters poll.
The company said its 33-percent stake in Vimpelcom, which it hopes to sell, will continue to be accounted for as an associated company.
$1 = 8.1665 Norwegian crowns Reporting by Joachim Dagenborg, writing by Gwladys Fouche, editing by Terje Solsvik