Telenor ASA — Earnings Release 2021

Jul 16, 2021

Dtac – results for the second quarter 2021

Dtac – results for the second quarter 2021

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

Q2 21 Q2 20

Revenues 5,335 6,013

EBITDA before other items 2,158 2,540

Operating profit 670 856

CAPEX excl. spectrum licences 977 432

Subscription and traffic revenues in local currency decreased by 2%, and EBITDA decreased by 1%. During the quarter the number of subscriptions increased by 164 thousand to 19.249 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