Telenor ASA — Earnings Release 2016

Oct 19, 2016

Digi Q3 2016 results

Digi Q3 2016 results

Telenor Group's subsidiary in Malaysia, Digi, has today

reported its third quarter 2016 results. Telenor's

consolidated figures in NOK million are as follows:

Q316 Q315

Revenues 3,324 3,390

EBITDA before other items 1,592 1,507

EBITDA 1,592 1,507

Operating profit 1,234 1,162

Capex 416 454

During the quarter, the total number of subscriptions

decreased by 98,000 to 12.249 million.

Outlook 2016 (revised):

- Service revenue growth: Low single digit decline

- EBITDA margin: Slightly below 45%

- Capex: Around 13% of service revenue