Telenor Group at a Glance

Telenor Group

• Strong footprint in Scandinavia and Asia (Global Impact Report 2016)
• Leading Nordic position in mobile, broadband and TV services
• Substantial activities in subsidiaries and joint venture operations
• Approximately 20,000 employees worldwide
• Revenues 2018: NOK 110 billion

Telenor was founded in 1855 and builds on over a 160 years of telecom experience.

Key figures Telenor Group

Key figures (NOK in millions)	First quarter 2019	First quarter 2018	Year 2018	First quarter 2019 IFRS16
Revenues	27 709	27 150	110 362	27 644
Organic revenue growth (%)	0.3	(1.5)	(0.6)
Subscription and traffic revenues	21 443	21 015	84 825	21 443
Organic subscription and traffic revenues growth (%)	0.0	1.0	0.2
EBITDA before other income and expenses	11 175	11 340	45 451	12 425
Organic EBITDA growth (%)	(3.5)	10.0	3.2
EBITDA before other income and expenses/Revenues (%)	40.3	41.8	41.2	44.9
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)	2.3	1.7	174

Revenue distribution Q1 2019