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
• More than 20,000 employees worldwide
• Revenues 2017: NOK 112 billion

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

Key figures Telenor Group

NOK (in millions)	Q3 2018	Q3 2017	First 3 quarters 2018	First 3 quarters 2017	Year 2017	First 3 quarters 2018 (IFRS 15)
Revenues	27 628	27 463	82 225	83 390	112 069	82 219
Organic revenue growth (%)	0.6	0.8	-0.6	0.9	0.5
Subscription and traffic revenues	21 497	21 460	64 099	64 603	86 314	63 709
Organic subscription and traffic revenue growth (%)	0.2	2.9	0.5	2.3	2.4
EBITDA before other income and other expenses	12 373	11 771	34 981	33 881	44 694	35 087
Organic EBITDA growth (%)	5.6	10.1	5.2	8.4	9.0
EBITDA before other income and other expenses/Revenues (%)	44.8	42.9	42.5	40.6	39.9	42.7
Net income attributable to equity holders of Telenor ASA	5 807	5 756	13 448	9 758	11 983	13 518
Capex excl. licences and spectrum/Revenues (%)	15.3	13.0	13.0	14.5	15.4	13.0
Capex/Revenues (%)	15.5	17.2	15.4	17.4	18.1	15.4
Free cash flow	26 543	9 426	32 130	21 539	24 867	32 130
Mobile subscriptions – Change in quarter/Total (mill.)	0.7	1.9	173	166	168	173

Revenue distribution Q3 2018