Telenor Group is a leading telecommunications company across the Nordics and Asia with 183 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.

Our business

Telenor Group has mobile operations in the Nordics, including Norway, Sweden, Denmark, Finland and in Asia, including Pakistan, Bangladesh, Thailand, Malaysia, Myanmar.

We have a leading Nordic position in mobile, broadband and TV services, as well as substantial activities in subsidiaries and joint venture operations, including mobile financial services and online classifieds in the Asia region. Worldwide, Telenor Group and our operations’ teams are more than 20,000 people strong.

Our purpose: Connecting you to what matters most. Empowering societies.

Connecting customers to what matters most has been the core of our business for more than 160 years. Today internet connectivity impacts nearly every part of our lives, and we believe in making it personalised and relevant for our customers. It’s about more than good business; it’s empowering societies. Our strategy towards 2020 is driven by the ambition to transform the customer experience. We create value by becoming even more efficient in how we operate, how we deliver our services and how customers experience us.

Our culture

Telenor’s culture is what binds us together as one company, across all the societies we serve. Our strategy spells out what we do; our behaviours explain how we deliver; and our purpose is our reason for existence. Being a part of or a partner to Telenor means sharing our commitment and passion for these key elements that shape our culture.

Key figures Telenor Group

Third quarter Third quarter First three quarters First three quarters                       Year First three quarters
Post IFRS 16
KEY FIGURES TELENOR GROUP 2019 2018 2019 2018 2018 2019
(NOK in millions)  
Revenues 29 530 27 566 85 267 82 219 110 362 85 069
Organic revenue growth (%) 0,1 0,6 0,4 -0,6 -0,6
Subscription and traffic revenues 22 762 21 356 65 731 63 709 84 825 65 731
Organic subscription and traffic revenue growth (%) -0,6 0,2 -0,4 0,5 0,2
EBITDA before other income and other expenses 12 092 12 410 34 354 35 087 45 451 38 185
Organic EBITDA growth (%) -7,3 5,6 -5,0 5,2 3,2
EBITDA before other income and other expenses/Revenues (%) 40,9 45,0 40,3 42,7 41,2 44,9
Net income attributable to equity holders of Telenor ASA (436) 5 881 6 541 13 518 14 731 6 044
Capex excl. licences and spectrum 3 738 4 219 11 883 10 707 16 776
Total Capex 3 816 4 274 11 967 12 626 31 245
Free cash flow before M&A 2 808 4 672 3 461 10 237 11 691
Total Free cash flow (11 642) 26 543 (10 080) 32 130 31 989
Mobile subscriptions – Change in quarter/Total (mill.) 5,2 0,7 183 173 174