Guest Post | Advt. | Query:

Solid start to the year, attracting 2.3 million new customers

(Fornebu, 30 April 2019) “The results for the first quarter 2019 reaffirm our efforts and ability to attract new customers, create value and modernise Telenor. The operational and financial performance was in line with our expectations.

In Norway, we continue to roll out fibre to our customers resulting in 20 per cent growth in fibre revenues, and mobile subscription and traffic revenues increased by two per cent. In Emerging Asia, we see improvements across all our markets as the appetite for data keeps increasing. The growth momentum in Bangladesh and Pakistan continued, and I’m pleased to see that we have stabilised revenues, and returned to solid subscriber growth in Myanmar, adding more than one million customers during the quarter. In Developed Asia, the prepaid segment remained under pressure. However, we are improving our network position in Thailand, which will enable us to deliver top data services to our customers going forward.

Over the past two years we have step-by-step executed on our ambitions of modernisation and value creation through digital transformation, which has resulted in a simpler and more efficient Telenor. This month, we announced another step towards executing on our strategic agenda, by entering the Finnish market, and thereby strengthening our position in the Nordic region,” said Sigve Brekke, Telenor Group Chief Executive Officer.


Key figures
(NOK in millions)

First quarter 2019

First quarter 2018

Year 2018

First quarter 2019


27 709

27 150

110 362

27 644

Organic revenue growth (%)





Subscription and traffic revenues

21 443

21 015

84 825

21 443

Organic subscription and traffic revenues growth (%)





EBITDA before other income and expenses

11 175

11 340

45 451

12 425

Organic EBITDA growth (%)





EBITDA before other income and expenses/Revenues (%)





Net income attributable to equity holders of Telenor ASA

3 882

4 992

14 731

3 833

Capex excluding licenses and spectrum

4 043

3 068

16 776


Total capex

4 043

4 687

31 245


Free cash flow

2 453

2 575

31 989


Mobile subscriptions – change in quarter /total (mill)





 First quarter 2019 summary

  • Subscription and traffic revenues remained stable in the first quarter on an organic basis. Total reported revenues were NOK 27.7 billion, which is an increase of 2%.
  • Currency adjusted gross profit declined by NOK 0.5 billion in the quarter, while reported gross profit declined by NOK 0.1 billion.
  • On a currency adjusted basis, opex decreased by NOK 0.1 billion, or 1%. Reported opex increased by NOK 0.1 billion or 1%.
  • EBITDA before other items was NOK 11.2 billion with an EBITDA margin of 40%, 1 percentage point below last year. EBITDA declined by 3% on an organic basis.
  • Net income attributable to equity holders of Telenor ASA was NOK 3.9 billion, or NOK 2.66 per share in the quarter.
  • Capex excluding licences and spectrum was NOK 4.0 billion, resulting in a capex to sales ratio of 15%.
  • Free cash flow for the quarter was NOK 2.5 billion.

Outlook for 2019

  • For the Group excluding our Thai operation dtac, we maintain our guiding of an organic subscription and traffic revenue growth of 0-2% and organic EBITDA growth of 1-3%. Capex excluding licences and spectrum is expected to be in the range of NOK 16-17 billion, including the operation in Thailand. Dtac will provide an outlook for 2019 in June, and Thailand will be included in the Group’s revenue and EBITDA guiding from the second quarter onwards.

Media Contact

Meera Bhatia, mobile: (+47) 468 44 959,

Investor Relations Contacts

Marianne Moe, mobile: (+47) 916 17 631,

Håkon Hatlevik, mobile (+47) 901 46 070,


Press and analyst presentation

In connection with the publication of the financial results, a press and analyst conference will be held on Tuesday 30 April at 09:00 hrs Norwegian time/CET. The presentation, which will also be broadcast live via webcast, will be held in Auditorium Voice, Telenor Expo Visitor Centre at Fornebu near Oslo. CEO Sigve Brekke and CFO Jørgen C. Arentz Rostrup will present the results. The presentation will be held in English.

You may also call in and listen to the presentation over the phone. This service allows you to ask questions during the Q&A session at the end of the presentation. To participate in the conference call, please register before the conference starts by calling:

+ 47 2350 0296 (local Norway)

+46 (0)8 5065 3942 (local Sweden)

+44 (0)330 336 9411 (local UK)

+1 929-477-0402  (local US)

Please state confirmation code 2788295, your name and company to the operator. For the Q&A session: to queue up for questions please press *1


The quarterly report and the presentation are available here



Telenor Group is a leading telecommunications company across Scandinavia and Asia with 176 million customers and annual sales of around USD 13 billion (2018). We hold #1 or #2 positions in most of our markets. We are committed to responsible business conduct and driven by the ambition of empowering societies. Connectivity has been Telenor’s domain for more than 160 years, and our purpose is to connect our customers to what matters most.  Telenor is listed at Oslo Stock Exchange under the ticker TEL. For more information, see

Have any Question or Comment?

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

…… ……. … …

……… …. …….

….. …… ………



For the 2012 MLB period, we found an totals forecast Joao’s Renowned Over/Under João Zorro Gonçalves, Zcode Totals Pro, System of the time with progressions that have been successful over 98 98% ... We eventually perfected our over/under program ( Zcodesystemexclusive ), although it h-AS has brought years of investigation. Five Steps to Making a Winning MLB Method: 1. Execute appropriate cash management tools. 2. MLB rules that are comprehend. 3.Extensive testing back to make sure successful longterm results ...


There is always a challenge when you're dealing with the Foreign Exchange Market. That's just the nature of the beast. The best thing you can do is to learn about how the market operates as a whole so that you will be ready to meet these challenges. iq option penipu Never be misled by any profit gains in binary options. This is the number-one way traders end up losing their money and ultimately failing. Remember that the same things that make you laugh can make you cry in this market, and you can lose that $700.


Learning Polish has never been this fun and easy as with our podcasts Learn Polish with Polishpod101 Start today and become conversational in Polish in no time


The Best Website Agen Poker Resmi Terpercaya come join


Do you need edmonton phone systems service ? Call complete communications today!

……… ……… .


High-tech solutions for easy start-up of your IPTV/OTT-business



Twitter @TechRecur