Telenor ASA — Earnings Release 2020

Jan 28, 2021

Grameenphone – results for the fourth quarter 2020

Grameenphone – results for the fourth quarter 2020

Telenor Group’s subsidiary in Bangladesh, Grameenphone, has today announced its results for the fourth quarter 2020. Telenor’s consolidated figures in NOK million are as follows:

Q420 Q419

Revenues 3,693 3,887

EBITDA before other items 2,341 2,464

Operating profit 1,662 1,771

CAPEX excl. spectrum licences 429 419

Subscription and traffic revenues in local currency decreased by 3%, and EBITDA decreased by 4%. During the quarter the number of subscriptions increased by 1.445 million to 79.037 million.