Telenor ASA — Earnings Release 2022

Oct 20, 2022

Digi – results for the third quarter 2022

Digi – results for the third quarter 2022

Telenor Group’s subsidiary in Malaysia, Digi, has today announced its results for the third quarter 2022. Telenor’s consolidated figures in NOK million are as follows:

Q3 22 Q3 21

Revenues 3,410 3,308

EBITDA before other items 1,655 1,670

Operating profit 944 993

CAPEX excl. spectrum licences 375 346

Service revenues in local currency decreased by 1%, while EBITDA decreased by 7%. During the quarter, the number of subscriptions increased by 210k to 10.722 million.

Outlook 2022 (unchanged)

• Service Revenue: Return to growth

• Normalised EBITDA: Low single digit decline

• Capex to Total revenue: Around 2021 level