Telenor ASA — Earnings Release 2017

Jan 23, 2018

Digi - Q4 2017 results

Digi - Q4 2017 results

Telenor Group's subsidiary in Malaysia, Digi, has today reported its fourth quarter 2017 results. Telenor's consolidated figures in NOK million are as follows:

Q4 17 Q4 16

Revenues 3,223 3,233

EBITDA before other items 1,435 1,440

EBITDA 1,423 1,438

Operating profit 1,013 1,092

Capex (excl. spectrum) 323 469

During the quarter, the total number of subscriptions decreased by 106,000 to 11.747 million.

Outlook 2018

- Service revenue growth: Flat to low single digit decline

- EBITDA margin: Around 2017 level (46% in 2017)

- Capex: 10-12 % of service revenues