Telenor ASA — Earnings Release 2021

Oct 25, 2021

Dtac – results for the third quarter 2021

Dtac – results for the third quarter 2021

Telenor Group’s subsidiary in Thailand, dtac, has today announced its results for the third quarter 2021. Telenor’s consolidated figures in NOK million are as follows:

Q3 21 Q3 20

Revenues 5,110 5,550

EBITDA before other items 1,978 2,256

Operating profit 463 701

CAPEX excl. spectrum licences 928 624

Subscription and traffic revenues in local currency decreased by 3%, and EBITDA decreased by 4%. During the quarter the number of subscriptions increased by 26,000 to 19.274 million.

Outlook 2021 (reiterated)

• Service revenues (excl. interconnect): Flat to low single-digit decline

• EBITDA: Flat to low single-digit growth

• Capex: THB 13-15 billion