Telenor ASA — Earnings Release 2024

Apr 25, 2024

Grameenphone - results for the first quarter 2024

Grameenphone - results for the first quarter 2024

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

Q1 24 Q1 23

- Revenues 3,764 3,620

- EBITDA before other income and expenses 2 290 2 208

- Operating profit 1,491 1,472

- CAPEX excl. leases 686 670

Organic service revenues increased by 5%, and EBITDA before other income and expenses increased by 5%. During the quarter the number of subscriptions increased by 1 million.