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 2018: NOK 110 billion

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

Key figures Telenor Group

NOK (in millions)	Q4 2018	Q4 2017	FY 2018	FY 2017	FY 2018 (IFRS 15)
Revenues	28 171	28 678	110 396	112 069	110 362
Organic revenue growth (%)	(0.4)	(1.0)	(0.6)	0.5
Subscription and traffic revenues	21 263	21 711	85 362	86 314	84 825
Organic subscription and traffic revenue growth (%)	(0.7)	2.8	0.2	2.4
EBITDA before other income and other expenses	10 338	10 813	45 319	44 694	45 451
Organic EBITDA growth (%)	(2.9)	11.1	3.2	9.0
EBITDA before other income and other expenses/Revenues (%)	36.7	37.7	41.1	39.9	41.2
Net income attributable to equity holders of Telenor ASA	1 177	2 226	14 626	11 983	14 731
Capex excl. licences and spectrum	6 069	5 162	16 776	17 255	16 776
Total Capex	18 619	5 830	31 245	20 307	31 245
Free cash flow	( 141)	3 327	31 989	24 867	31 989
Mobile subscriptions – Change in quarter/Total (mill.)	0.8	2.2	174	168	174

Revenue distribution Q4 2018