Telenor ASA — Earnings Release 2023

Feb 6, 2024

Grameenphone – results for the fourth quarter 2023

Grameenphone – results for the fourth quarter 2023

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

Q4 23 Q4 22

Revenues 3.965 3.724

EBITDA before other items 2.428 2.443

Operating profit 1.571 1.528

CAPEX excl. leases 305 499

Service revenues in local currency increased by 6.9%, and EBITDA increased by 0.7%. During the quarter the number of subscriptions decreased by 55,000.