Euro Sales Slipping Away

3:45 PM The latest financials from KPN, Telenor, and TeliaSonera

July 24, 2009

1 Min Read
Euro Sales Slipping Away

3:45 PM -- In a flurry of European national operator earnings reports, three of the continent's mid-tier incumbents have delivered their latest financial health checks, and all have revised their sales forecasts. (See KPN Reports Q2, Telenor Reports Q2, and TeliaSonera Reports Q2.)

  • Dutch carrier KPN Telecom NV (NYSE: KPN) has cut its revenue forecast for 2009 and 2010 following a downturn in its German mobile operations and at iBasis, its majority-owned international wholesale VoIP operator. Check out this Bloomberg report for more details.

  • Norway's Telenor Group (Nasdaq: TELN) also adjusted its full year sales forecast, saying that the "outlook for 2009 is affected by uncertainty in terms of future global growth." It now expects revenues to be slightly below, instead of in line with, 2008's sales of 110 billion Norwegian Kroner (US$17.65 billion). For more on Telenor's results, read this Bloomberg story.

  • Telia Company reported increased second-quarter sales and profits, much to the delight of investors, who piled into the stock and sent it up by nearly 7.5 percent to 47.40 Swedish Kronor. And while full year revenues might dip slightly following an expected tough second half of the year, TeliaSonera expects its margins to be higher than in 2008. Find out more in this Bloomberg report.

    — Ray Le Maistre, International News Editor, Light Reading

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