Norwegian telecom provider Telenor Group reports revenues of NOK 24,4 billion for the second quarter of 2011, representing an organic revenue growth of 7%, which was better than expected. “Half-way into 2011, we have captured growth opportunities and delivered another quarter with 7 percent organic revenue growth combined with steady customer growth and healthy margins. The Telenor Group achieved an operating cash flow margin of 20 percent in a period with heavy investments in networks to meet the strong growth in data,” said Jon Fredrik Baksaas, President and CEO of Telenor Group. Read More
