Telenor warns on 2022 profit amid massive restructuring plans


OSLO: Norway's Telenor warned on Tuesday that spiralling energy prices made it increasingly difficult to achieve its profit target and announced a restructuring of its Nordic business and a potential listing of its Asian unit.

Hit by soaring inflation and intense competition in many markets, the telecom operator's share price lost 27% year-to-date, while the stock closed at a 10-year low on Monday.

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