Telenor ASA — Earnings Release 2023

Jul 18, 2023

Grameenphone – results for the second quarter 2023

Grameenphone – results for the second quarter 2023

Telenor Group’s subsidiary in Bangladesh, Grameenphone, has today announced its results for the second quarter of 2023. Telenor’s consolidated figures in NOK million are as follows:

Q2 23 Q2 22

Revenues 4.006 4.024

EBITDA before other items 2.447 2.456

Operating profit 1.633 1.741

CAPEX excl. leases 711 593

Service revenues in local currency increased by 5.3%, and EBITDA increased by 5.7%. During the quarter the number of subscriptions increased by 1.1 million.