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 16,000 people strong.

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

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 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	2021	2020	2021	2020	2020
Revenues	27 158	28 978	54 675	58 109	115 839
Organic revenue growth (%)	3.3	-4.8	1.3	-2.2	-2.7
Subscription and traffic revenues	20 327	22 005	40 844	44 228	87 147
Organic subscription and traffic revenue growth (%)	2.1	-4.5	-0.4	-2.1	-2.6
EBITDA before other income and other expenses	12 353	13 175	24 562	26 175	52 347
Organic EBITDA growth (%)	3.6	0.2	1.4	0.4	1
EBITDA before other income and other expenses/Revenues (%)	45.5	45.5	44.9	45	45.2
Net income attributable to equity holders of Telenor ASA	2 188	4 428	-1 701	5 125	17 341
Capex excl. licences and spectrum	4 377	3 688	8 063	6 680	15 811
Total Capex	6 073	3 721	10 298	7 019	21 152
Free cash flow before M&A	2 126	3 995	5 117	6 659	12 542
Total Free cash flow	2 121	3 579	5 955	7 353	20 855
Mobile subscriptions – Change in quarter/Total (mill.)	1.7	-3.4	170.3	158.9	165.5