Telenor ASA — Earnings Release 2021

Jan 28, 2022

Dtac – results for the fourth quarter 2021

Dtac – results for the fourth quarter 2021

Telenor Group’s subsidiary in Thailand, dtac, has today announced its results for the fourth quarter 2021. Telenor’s consolidated figures in NOK million are as follows:

Q4 21 Q4 20

Revenues 5,665 6,044

EBITDA before other items 1,829 1,951

Operating profit 222 255

CAPEX excl. spectrum licences 1,009 1,607

Subscription and traffic revenues in local currency decreased by 1%, and EBITDA increased by 5%. During the quarter the number of subscriptions increased by 286k to 19.561 million.

Outlook 2022

• Service revenues (excl. interconnect): Flat to low single-digit growth

• EBITDA: Flat to low single-digit growth

• Capex: THB 12-14 billion