Telenor ASA — Earnings Release 2020

Jul 15, 2020

Grameenphone second quarter 2020 results

Grameenphone second quarter 2020 results

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

Q220 Q219

Revenues 3,913 3,683

EBITDA before other items 2,441 2,075

Operating profit 1,672 1,475

CAPEX excl. spectrum licences 288 384

Subscription and traffic revenues in local currency decreased by 8.1%, and reported EBITDA increased by 1.7%. During the quarter the number of subscriptions decreased by 802,000 to 74.531 million.