Telenor ASA — Earnings Release 2021

Oct 21, 2021

Grameenphone – results for the third quarter 2021

Grameenphone – results for the third quarter 2021

Telenor Group’s subsidiary in Bangladesh, Grameenphone, 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 3,745 3,820

EBITDA before other items 2,369 2,430

Operating profit 1,631 1,791

CAPEX excl. spectrum licences 205 353

Subscription and traffic revenues in local currency increased by 2%, and EBITDA increased by 1%. During the quarter the number of subscriptions increased by 1.6 million to 83.6 million.