Telenor ASA — Earnings Release 2022

Jan 31, 2023

Grameenphone – results for the fourth quarter 2022

Grameenphone – results for the fourth quarter 2022

Telenor Group’s subsidiary in Bangladesh, Grameenphone, has today announced its results for the fourth quarter 2022. Telenor’s consolidated figures in NOK million are as follows:

Q4 22 Q4 21

Revenues 3,724 3,689

EBITDA before other items 2,443 2,301

Operating profit 1,528 1,586

CAPEX excl. spectrum licences 499 663

Service revenues in local currency increased by 4%, and EBITDA increased by 8%, positively affected by an adjustment to intercompany charges for the period 2018 to 2022. During the quarter the number of subscriptions decreased by 2.7 million to 79.125 million.