Telenor ASA — Earnings Release 2018

Oct 22, 2018

Grameenphone third quarter 2018 results

Grameenphone third quarter 2018 results

Telenor Group's subsidiary in Bangladesh, Grameenphone, has today announced its results for the third quarter 2018. Telenor's consolidated figures in NOK million for the third quarter 2018 are as follows:

Q318 Q317

Revenues 3,367 3,257

EBITDA before other items 2,082 1,910

EBITDA 2,067 1,805

Operating profit 1,522 1,232

CAPEX 473 191

CAPEX excl spectrum licences 454 191

Total revenues in local currency increased by 3%, while subscription and traffic revenues increased by 8%.

During the quarter the number of subscriptions increased by 2.243 million to 71.413 million.

According to the new accounting standard IFRS 15, the figures in NOK million for the third quarter 2018 are as follows:

Q318

Revenues 3,367

EBITDA before other items 2,078

EBITDA 2,063

Operating profit 1,518