Telenor ASA — Earnings Release 2017

Oct 19, 2017

Grameenphone Q3 2017 results

Grameenphone Q3 2017 results

Telenor Group's subsidiary in Bangladesh, Grameenphone, has on today

announced its third quarter 2017 results. Telenor's consolidated

figures in NOK million are as follows:

Q317 Q316

Revenues 3,257 3,134

EBITDA before other items 1,910 1,784

EBITDA 1,805 1,787

Operating profit 1,232 1,236

CAPEX 191 226

In local currency, total revenues increased by 13%, while

subscription and traffic revenues grew 15%.

The number of subscriptions increased by 2.3 million during the

quarter. The total number of subscriptions was 63.883 million at the

end of the quarter.