Telenor ASA — Earnings Release 2017

Apr 28, 2017

Digi Q1 2017 results

Digi Q1 2017 results

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

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

million are as follows:

Q1 17 Q1 16

Revenues 2,989 3,405

EBITDA before other items 1,353 1,431

EBITDA 1,354 1,431

Operating profit 1,019 1,110

Capex 368 351

During the quarter, the total number of subscriptions decreased by

524,000 to 11.776 million.

Outlook 2017 (maintained)

- Service revenues: Around 2016 level

- EBITDA margin: Around 2016 level

- Capex: 11-13 % of service revenues