Telenor ASA — Earnings Release 2020

Oct 19, 2020

Grameenphone – results for the third quarter 2020

Grameenphone – results for the third quarter 2020

Telenor Group’s subsidiary in Bangladesh, Grameenphone, has today announced its results for the third quarter 2020. Telenor’s consolidated figures in NOK million are as follows:

Q320 Q319

Revenues 3,820 3,840

EBITDA before other items 2,430 2,433

Operating profit 1,791 1,817

CAPEX excl. spectrum licences 353 221

Subscription and traffic revenues in local currency decreased by 1 %, and EBITDA decreased by 3 %. During the quarter the number of subscriptions increased by 3 million to 77.5 million.