Telenor ASA — Earnings Release 2020

Jan 29, 2021

dtac - results for the fourth quarter 2020

dtac - results for the fourth quarter 2020

Telenor Group’s subsidiary in Thailand, dtac, has today reported its fourth quarter 2020 results. Telenor’s consolidated figures in NOK million are as follows:

Q420 Q419

Revenues 6,044 6,429

EBITDA before other items 1,951 2,218

Operating profit 255 524

CAPEX excl. spectrum licences 1,607 1,146

Subscription and traffic revenues in local currency decreased by 9%, and EBITDA decreased by 9%.During the quarter, the total number of subscriptions increased by 173,000 to 18.856 million.

Outlook 2021

• Service revenues (excl. interconnect): Low-single digit decline

• EBITDA: Low single digit decline

• Capex: THB 13-15 billion