Telenor Trims 2026 Outlook as Q2 EBITDA Drops 4.8%

Telenor's Q2 adjusted EBITDA — a profit measure stripping out interest, taxes, depreciation, and amortisation — fell 4.8% year-on-year, with service revenues down 0.7%. Norway and Finland weakened. Management cut 2026 guidance to flat-to-low-single-digit revenue growth. Meanwhile, buybacks, a Bahnhof acquisition, and a reorganisation continue even as Nordic earnings shrink.