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.

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 19,000 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

KEY FIGURES TELENOR GROUP	Second quarter		First half year		Year
NOK in million	2020	2019	2020	2019	2019
Revenues	30,903	26,917	61,856	53,505	113,666
Organic revenue growth (%)	-4.2	0.9	-1.4	0.7	1.2
Subscription and traffic revenues	23,753	20,480	47,620	40,867	85,954
Organic subscription and traffic revenue growth (%)	-3.6	-0.4	-0.9	-0.1	0.4
EBITDA before other income and other expenses	14,331	12,029	28,437	24,206	50,735
Organic EBITDA growth (%)	1.0	-3.5	1.8	-3.4	-2.7
EBITDA before other income and other expenses/Revenues (%)	46.4	44.7	46.0	45.2	44.6
Net income attributable to equity holders of Telenor ASA	4,428	2,856	5,125	6,678	7,773
Capex excl. licences and spectrum	3,815	4,087	6,894	8,116	17,415
Total Capex	3,861	4,093	6,985	8,122	18,075
Free cash flow before M&A	3,995	-1,092	6,659	495	3,831
Total Free cash flow	3,579	-1,147	7,353	1,404	-18,998
Mobile subscriptions – Change in quarter / Total (mill.)	-3.2	2.3	182.4	178.3	186.0