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
• About 22,000 employees worldwide
• Revenues 2017: NOK 112 billion

* With effect from Q1 2018, Telenor’s operations in Montenegro, Serbia, Hungary and Bulgaria are treated as assets held for sale and discontinued operations in Telenor’s financial reporting.

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

Key figures Telenor Group

NOK (in millions)	Q1 2018	Q1 2017	Year 2017	Q1 2018 (IFRS 15)
Revenues	27 113	27 596	112 069	27 138
Organic revenue growth (%)	-1.5	0.3	0.5
Subscription and traffic revenues	21 157	21 177	86 314	21 027
Organic subscription and traffic revenue growth (%)	1.0	1.2	2.4
EBITDA before other income and other expenses	11 309	10 504	44 694	11 330
EBITDA before other income and other expenses/Revenues (%)	41.7	38.1	39.9	41.8
Net income attributable to equity holders of Telenor ASA	4 987	4 168	11 983	4 983
Capex excl. licences and spectrum/Revenues (%)	11.3	15.9	15.4	11.3
Capex/Revenues (%)	17.3	15.9	18.1	17.3
Free cash flow	2 575	2 166	24 867	2 575
Mobile subscriptions – Change in quarter/Total (mill.)	1.7	2.4	170	1.7

Discontinued operations: Telenor India, Hungary, Montenegro & Serbia and Bulgaria, Telenor Common Operation, Telenor Microfinance Bank and Telenor Banka. 

Revenue distribution Q1 2018

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