Telenor ASA — Earnings Release 2020

Jan 27, 2021

Digi – results for the fourth quarter 2020

Digi – results for the fourth quarter 2020

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

Q420 Q419

Revenues 3,429 3,663

EBITDA before other items 1,694 1,784

Operating profit 976 1,130

CAPEX excl. spectrum licences 600 451

Subscription and traffic revenues in local currency decreased by 4% and EBITDA decreased by 5%. During the quarter, the total number of subscriptions decreased by 239,000 to 10.441 million.

Outlook 2021

• Service Revenue: Low single digit decline

• EBITDA: Mid-single digit decline

• Capex to sales: 14-15%