Telenor ASA — Earnings Release 2021

Jan 28, 2022

Digi – results for the fourth quarter 2021

Digi – results for the fourth quarter 2021

Telenor Group’s subsidiary in Malaysia, Digi, 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 3,300 3,429

EBITDA before other items 1,552 1,694

Operating profit 883 976

CAPEX excl. spectrum licences 608 600

Subscription and traffic revenues in local currency decreased by 3%, and EBITDA decreased by 3%. During the quarter, the number of subscriptions decreased by 46k to 10.318 million.

Outlook 2022

• Service Revenue: Return to growth

• EBITDA: Around 2021 level

• Capex to sales: Around 2021 level