Telenor ASA — Earnings Release 2021

Jul 15, 2021

Grameenphone – results for the second quarter 2021

Grameenphone – results for the second quarter 2021

Telenor Group’s subsidiary in Bangladesh, Grameenphone, 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 3,531 3,913

EBITDA before other items 2,189 2,441

Operating profit 1,558 1,672

CAPEX excl. spectrum licences 513 288

Subscription and traffic revenues in local currency increased by 8%, and EBITDA increased by 8%. During the quarter the number of subscriptions increased by 1.28 million to 82.025 million.