Telenor ASA — Earnings Release 2020

Apr 22, 2020

Grameenphone first quarter 2020 results

Grameenphone first quarter 2020 results

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

Q120 Q119

Revenues 4,057 3,570

EBITDA before other items 2,563 2,246

Operating profit 1,911 1,605

CAPEX excl. spectrum licences 44 425

Subscription and traffic revenues in local currency increased by 4%, and reported EBITDA increased by 4%. During the quarter the number of subscriptions decreased by 1.129 million to 75.333 million.