Telenor ASA — Earnings Release 2024

Oct 29, 2024

Grameenphone - results for the third quarter 2024

Grameenphone - results for the third quarter 2024

Telenor Group’s subsidiary in Bangladesh, Grameenphone, has today announced its results for the third quarter of 2024. Telenor’s consolidated figures in NOK million are as follows:

Q3 24 Q3 23

-Revenues 3,568 3,941

-EBITDA before other income and expenses 2,093 2 440

-Operating profit 1,318 1,629

-CAPEX excl. leases 346 259

Organic service revenues decreased by 3%, and organic EBITDA before other income and expenses decreased by 9%. During the quarter the number of subscriptions decreased by 0.7 millions.