Telenor ASA — Earnings Release 2017

Jul 12, 2017

Grameenphone Q2 2017 results

Grameenphone Q2 2017 results

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

announced its second quarter 2017 results. Telenor's consolidated

figures in NOK million are as follows:

Q2 17 Q2 16

Revenues 3,432 2,965

EBITDA before other items 2,102 1,609

EBITDA 2,100 1,507

Operating profit 1,475 948

CAPEX 343 462

Adjusted for positive one-time adjustment of accruals in Q2 2017,

the normalised EBITDA margin would be 58%.

During the quarter the number of subscriptions increased by 1.713

million to 61.581 million. The subscription base was 8 % higher than

at the end of second quarter last year.