Telenor ASA — Earnings Release 2021

Apr 20, 2021

Grameenphone – results for the first quarter 2021

Grameenphone – results for the first quarter 2021

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

Q1 21 Q1 20

Revenues 3,499 4,057

EBITDA before other items 2,192 2,563

Operating profit 1,628 1,911

CAPEX excl. spectrum licences 364 44

Subscription and traffic revenues in local currency decreased by 3%, and EBITDA decreased by 5%. During the quarter the number of subscriptions increased by 1.71 million to 80.747 million.