Telenor ASA — Earnings Release 2022

Oct 20, 2022

Grameenphone – results for the third quarter 2022

Grameenphone – results for the third quarter 2022

Telenor Group’s subsidiary in Bangladesh, Grameenphone, 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 4,024 3,745

EBITDA before other items 2,505 2,369

Operating profit 1,783 1,631

CAPEX excl. spectrum licences 293 205

Service revenues in local currency increased by 7%, and EBITDA increased by 5%. During the quarter the number of subscriptions decreased by 2.9 million to 81.792 million.