Telenor ASA — Earnings Release 2017

Jul 12, 2017

Digi - Q2 2017 results

Digi - Q2 2017 results

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

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

million are as follows:

Q2 17 Q2 16

Revenues 3,049 3,411

EBITDA before other items 1,408 1,541

EBITDA 1,408 1,541

Operating profit 1,027 1,245

Capex 455 344

During the quarter, the total number of subscriptions increased by

254,000 to 12.030 million.

Outlook 2017

- Service revenues: Low - mid single digit decline (previously

"Around 2016 level")

- EBITDA margin: Around 2016 level (unchanged)

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