Telenor ASA — Earnings Release 2020

Oct 16, 2020

dtac - results for the third quarter 2020

dtac - results for the third quarter 2020

Telenor Group’s subsidiary in Thailand, dtac, has today reported its third quarter 2020 results. Telenor’s consolidated figures in NOK million are as follows:

Q320 Q319

Revenues 5,550 5,857

EBITDA before other items 2,256 2,306

Operating profit 701 842

CAPEX excl. spectrum licences 624 717

Subscription and traffic revenues in local currency decreased by 8%, and EBITDA decreased by 3%. During the quarter, the total number of subscriptions decreased by 107,000 to 18.683 million.

Outlook 2020

• Service revenues (excl. interconnect): Mid-single digit decline (previous low single digit decline)

• EBITDA: At 2019 Level

• Capex: THB 8-10 billion