Telenor expects momentum to last for rest of 2013

OSLO, July 23 Tue Jul 23, 2013 3:11am EDT

OSLO, July 23 (Reuters) - Norway's Telenor is picking up momentum after a slow first quarter and expects continued improvement for the remainder of the year, its chief executive said on Tuesday.

"We see growth picking up and margins improving," Chief Executive Jon Fredrik Baksaas said after the firm reported better-than-expected second quarter figures. "We had a slow start at the beginning of the year but as expected, we've seen an improvement... and we expect this to last." (Reporting by Balazs Koranyi)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

How to get out of debt

Financial adviser Eric Brotman offers strategies for cutting debt from student loans and elder care -- and how to avoid money woes in the first place.  Video