Telenor ASA — Earnings Release 2020

Oct 16, 2020

Digi – results for the third quarter 2020

Digi – results for the third quarter 2020

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

Q320 Q319

Revenues 3,435 3,322

EBITDA before other items 1,735 1,788

Operating profit 1,051 1,162

CAPEX excl. spectrum licences 279 255

Subscription and traffic revenues in local currency decreased by 1%, and EBITDA decreased by 5%. During the quarter, the total number of subscriptions increased by 57,000 to 10.680 million.

Outlook 2020

• Service Revenue: Low to medium single digit percentage decline

• EBITDA: Medium to high single digit percentage decline

• Capex: Similar to 2019 level