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 Scandinavia, including Norway, Sweden, Denmark, 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 19,000 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

Key figures (NOK in millions)	Second quarter 2019	Second quarter 2018	First half year 2019	First half year 2018	Year 2018	First half year 2019 IFRS16
Revenues	28 027	27 503	55 737	54 653	110 362	55 607
Organic revenue growth (%)	0.6	-1.0	0.5	-1.2	-0.6
Subscription and traffic revenues	21 526	21 337	42 969	42 353	84 825	42 969
Organic subscription and traffic revenues growth (%)	-0.7	0.4	-0.4	0.7	0.2
EBITDA before other income and expenses	11 087	11 337	22 262	22 677	45 451	24 736
Organic EBITDA growth (%)	-3.8	0.5	-3.7	5.0	3.2
EBITDA before other income and expenses/Revenues (%)	39.6	41.2	39.9	41.5	41.2	44.5
Net income attributable to equity holders of Telenor ASA	3 095	2 645	6 977	7 637	14 731	6 705
Capex excluding licenses and spectrum	4 102	3 420	8 145	6 489	16 776
Total capex	4 109	3 666	8 151	8 352	31 245
Free cash flow	(891)	3 012	1 562	5 587	31 989
Mobile subscriptions – change in quarter /total (mill)	2.3	2.1	178	172	174