Promising start to the year as digital transformation drive continues

"Entering 2018, I am pleased to see that we continue to grow and renew ourselves. We added close to two million customers in the first quarter; subscription and traffic revenues increased by 1% and EBITDA grew by 10%. Our digital transformation and focused efforts on efficiency improvements...

London, 24/04/2018 (informazione.it - comunicati stampa - telecomunicazioni)

"Entering 2018, I am pleased to see that we continue to grow and renew ourselves. We added close to two million customers in the first quarter; subscription and traffic revenues increased by 1% and EBITDA grew by 10%. Our digital transformation and focused efforts on efficiency improvements continue to deliver significant results. Our performance in Scandinavia was robust, and we continue to see improving trends in developed Asia. After a soft start to the year in Bangladesh and Pakistan, growth picked up during the quarter and we expect revenue growth in those markets to improve going forward.

During the first quarter, we took two important steps in developing Telenor. We announced the disposal of our mobile operations in Central and Eastern Europe, which enables us to focus on developing our businesses in Scandinavia and Asia. We also strengthened digital positions by entering a strategic partnership to develop our financial services business in Pakistan. In Thailand, an important milestone was reached yesterday with the signing of the 2.3 GHz spectrum agreement.

In summary, another solid quarter and we continue our consistent execution of the strategy,'' said Telenor Group Chief Executive Officer Sigve Brekke.

Meera Bhatia (+47) 46 84 49 59, meera.bhatia@telenor.com

Marianne Moe  (+47) 91 61 76 31, marianne.moe@telenor.com
Helge Øien  (+47) 91 31 92 42, helge.oien@telenor.com

In connection with the publication of the financial results, a press and analyst conference will be held on Tuesday 24 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 2100 2610 (local Norway)
+46 (0)8 5033 6574 (local Sweden)
+44 (0)330 336 9105 (local UK)
+1 929-477-0353 (local US)

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The quarterly report and the presentation are available here. https://www.telenor.com/investors/reports/2018/telenor-groups-results-for-the-1st-quarter-2018/