Telenor ASA — Earnings Release 2017

Oct 17, 2017

Digi Q3 2017 results

Digi Q3 2017 results

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

third quarter 2017 results. Telenor's consolidated figures in NOK

million are as follows:

Q3 17 Q3 16

Revenues 2,927 3,324

EBITDA before other items 1,360 1,592

EBITDA 1,360 1,592

Operating profit 975 1,234

Capex (excl. spectrum) 281 416

In local currency, total revenues decreased by 3%, while

subscription & traffic revenues declined by 5%.

During the quarter, the total number of subscriptions decreased by

178,000 to 11.852 million.

Outlook 2017 (unchanged)

- Service revenues: Low - mid single digit decline

- EBITDA margin: Around 2016 level (unchanged)

- Capex: 11-13 % of service revenues (unchanged)