Telenor ASA — Earnings Release 2021

Oct 21, 2021

Digi – results for the third quarter 2021

Digi – results for the third quarter 2021

Telenor Group’s subsidiary in Malaysia, Digi, 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 3,308 3,435

EBITDA before other items 1,670 1,735

Operating profit 993 1,051

CAPEX excl. spectrum licences 346 279

Subscription and traffic revenues in local currency decreased by 3%, and EBITDA remained stable. During the quarter the number of subscriptions increased by 148,000 to 10.365 million.

Outlook 2021 (updated)

• Service Revenue: Low single digit decline

• EBITDA: Low to mid-single digit decline (from mid-single digit decline)

• Capex to sales: 13-14% (from 14-15%)