Summary Box: Telenor says Q3 profit rose by 52 pct

    THE BOTTOM LINE: Norwegian telecommunications company Telenor says third-quarter net income rose by 52 percent amid higher revenues, trimmed costs and a lower tax rate.

    BETTER GUIDANCE: The company raised its outlook for full-year organic revenue growth to 6 percent to 7 percent from its previous 5 percent forecast, but reiterated its expectation for operating margin before other income and expenses to be around 31 percent.

    MOBILE SUBSCRIPTIONS: The number of total mobile subscriptions increased by 31,000 during the quarter due to strong growth in mobile broadband and voice subscriptions following the launch of a new consumer mobile product portfolio.