Telenor ASA — Earnings Release 2021

Jan 27, 2022

Grameenphone – results for the fourth quarter 2021

Grameenphone – results for the fourth quarter 2021

Telenor Group’s subsidiary in Bangladesh, Grameenphone, 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 3,689 3,693

EBITDA before other items 2,301 2,341

Operating profit 1,586 1,662

CAPEX excl. spectrum licences 663 429

Subscription and traffic revenues in local currency increased by 4%, and EBITDA increased by 3%. During the quarter the number of subscriptions decreased by 0.3 million to 83.263 million.