Telenor Group is a leading telecommunications company across the Nordics and Asia with 187 million customers and annual sales of around USD 14 billion (2020).

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 17,000 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 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

NOK in million 2021 2020 2020
Revenues   28,873   30,953   122,811
Organic revenue growth (%)  -1.6 1.5 -2.3
Subscription and traffic revenues   21,715   23,867   93,439
Organic subscription and traffic revenue growth (%) -4.0  1.8 -1.9
EBITDA before other income and other expenses   13,015   14,106   56,520
Organic EBITDA growth (%) -2.2  2.6  1.7
EBITDA before other income and other expenses/Revenues (%)  45.1  45.6  46.0
Net income attributable to equity holders of Telenor ASA   -3,889   698   17,341
Capex excl. licences and spectrum   3,745   3,079   16,351
Total Capex   4,284   3,385   21,692
Free cash flow before M&A   2,992   2,664   12,542
Total Free cash flow   3,834   3,775   20,855
Mobile subscriptions – Change in quarter/Total (mill.)  5.0  -0.4  181.8