Telenor's strategy execution continues to yield results

"Halfway into 2018, Telenor continues to attract customers and deliver solid performance. In the second quarter we saw robust operations in Scandinavia, particularly in the mobile market in Norway. In Malaysia, we achieved revenue growth for a second consecutive quarter as a result of our...

London, 17/07/2018 (informazione.it - comunicati stampa - telecomunicazioni)

"Halfway into 2018, Telenor continues to attract customers and deliver solid performance. In the second quarter we saw robust operations in Scandinavia, particularly in the mobile market in Norway. In Malaysia, we achieved revenue growth for a second consecutive quarter as a result of our determined repositioning efforts. In Pakistan and Bangladesh, we grew the subscriber base and strengthened our positions in rapidly developing markets. Telenor added two million mobile subscriptions in the quarter, and now connects 172 million customers.

Our operation in Thailand continues to deliver robust results, while transforming the business and building a solid platform for the future.

Across our operations, we continue to execute on simplification and increasing efficiency, while maintaining market positions. These efforts are generating good results, with savings now of a more structural nature. Year to date, opex has been reduced by close to NOK 1 billion.

Going forward, we will build on the good momentum and continue to create value by focusing on growth, efficiency and simplification," said Telenor Group President & CEO Sigve Brekke.

Atle Lessum, mobile (+47) 415 05 645, atle.lessum@telenor.com

Marianne Moe, mobile: (+47) 916 17 631, marianne.moe@telenor.com
Håkon Hatlevik, mobile (+47) 901 46 070, hakon.hatlevik@telenor.com

In connection with the publication of the financial results, a press and analyst conference will be held on Tuesday 17 July 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)
+1 929-477-0448 (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-2nd-quarter-2018/