Telenor Group is a leading telecommunications company across the Nordics and Asia with 186 million customers and annual sales of around USD 12 billion (2019).

We hold #1 or #2 positions in most of our markets. 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.

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 more than 20,000 people strong.

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

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 strategy towards 2020 is driven by the ambition to transform the customer experience. We create value by becoming even more efficient in how we operate, how we deliver our services and how customers experience us.

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

         Fourth quarter          Fourth quarter                     Year                      Year                       Year
Post IFRS 16
KEY FIGURES TELENOR GROUP
(NOK in millions)
2019 2018 2019 2018 2019
Revenues 31 808 27 070 113 935 105 923 113 666
Organic revenue growth (%) 2.9 (0.4) 1.2 (0.6)
Subscription and traffic revenues 23 363 20 043 85 954 80 386 85 954
Organic subscription and traffic revenue growth (%) 1.8 (1.2) 0.4 (0.4)
EBITDA before other income and other expenses 11 882 10 124 45 358 44 220 50 735
Organic EBITDA growth (%) 4.6 (2.4) (2.6) 3.7
EBITDA before other income and other expenses/Revenues (%) 37.4 37.4 39.8 41.7 44.6
Net income attributable to equity holders of Telenor ASA 1 948 1 212 8 489 14 731 7 773
Capex excl. licences and spectrum 5 574 6 055 17 415 16 713
Total Capex 6 194 18 605 18 075 31 182
Free cash flow before M&A 555 579 4 015 11 691
Total free cash flow (8 734) (141) (18 814) 31 989
Mobile subscriptions – Change in quarter/Total (mill.) 2.6 0.8 186 174