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Telenor Forecasts Steady Nordic Growth Until 2030
11 Nov
Summary
- Telenor expects low-to-mid single-digit organic EBITDA growth in Nordics until 2030
- Nordics service revenue to grow by low single-digit percentage on average until 2030
- Telenor's Nordic EBITDA guidance for 2026 is mid-single-digit organic growth
As of November 11, 2025, the Norwegian telecom company Telenor has outlined its growth plans for the Nordic region, which forms its core business. The company expects its organic core earnings from the Nordic countries to grow by a low-to-mid single-digit percentage per year until 2030. This growth in earnings before interest, taxes, depreciation and amortization (EBITDA) will be supported by stable or declining operating costs, Telenor stated.
Additionally, Telenor anticipates its yearly organic service revenue in the Nordic countries to grow by a low single-digit percentage on average until 2030. For the year 2026 specifically, the company has estimated mid-single-digit organic EBITDA growth for the Nordic region. Telenor plans to provide a full annual guidance when it reports its fourth-quarter results in February 2026.
Telenor's policy of annually increasing dividends per share remains unchanged, the company confirmed. As of the end of September 2025, Telenor had recorded organic core profit growth of 8.8% in the Nordics, and it has guided for 8-9% growth for the full year 2025.
