Telenor promises dividends with renewed focus on cash flow

(Telecompaper) Telenor announced an increased focus on cash flow, with modest revenue growth and cost reductions expected to support continued growth in dividends. At its capital markets day, the operator said it expects organic service revenue growth of 1-2 percent in 2017, after a 1.1 percent increase last year, and an EBITDA margin rising to around 36 percent, from 35.4 in 2016. Capital expenditure is expected to drop to 15-16 percent of revenue, excluding licences, from 20.0 percent last yea