Telenor ASA — Earnings Release 2024

Feb 4, 2025

Grameenphone - results for the fourth quarter 2024

Grameenphone - results for the fourth quarter 2024

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

Q4 24 Q4 23

-Revenues 3,808 3,964

-EBITDA before other income and expenses 2,184 2,428

-Operating profit 1,239 1,571

-CAPEX excl. leases 282 305

Organic service revenues decreased by 7.0%, and organic EBITDA before other income and expenses decreased by 13.5%. During the quarter the number of subscriptions decreased by NOK 0.3 millions. Adjusted for a one-off item of NOK 90 millions on revenues, service revenue growth was -4.6% and Ebitda growth was -9.7%.