Telenor ASA — Earnings Release 2017

Jan 30, 2018

dtac - fourth quarter 2017 results

dtac - fourth quarter 2017 results

Telenor Group's subsidiary in Thailand, dtac, has today reported its fourth quarter 2017 figures to the Stock Exchange of Thailand. Telenor's consolidated figures in NOK million are as follows:

Q417 Q416

Revenues 5,033 5,086

EBITDA before other items 1,938 1,599

EBITDA 1,881 1,548

Operating profit 229 129

CAPEX 1,088 1,413

During the quarter the number of subscriptions decreased by 0.46 million to 22.652 million.

dtac's subscription & traffic revenues returned to growth and increased 1% in local currency. Total revenues declined by 5%, mainly as a result of reduced sale of handsets and lower interconnect revenues. EBITDA before other items increased by 16% in local currency.

Outlook 2018

- Service revenues (excluding interconnect) around previous year level

- EBITDA around previous year level (excl. payment to TOT on 2.3 GHz deal)

- CAPEX THB 15-18 billion