Telenor Group Outlook for 2019

Last updated 30 January 2019.

2019 2018
Organic growth in subscription & traffic revenues 0-2% 0.9% Excluding Thailand
Organic EBITDA growth 1-3% 5.5% Excluding Thailand
Capex (NOK bn) 16-17 bn 16.8 bn Including Thailand

In Thailand, dtac aims to get back to growth in 2019, and will provide an updated outlook in Q2

Subscription & traffic revenues from mobile, fixed and TV services, incl. Canal Digital DTH. Org. revenue growth in fixed currency, adj. for acquisitions and disposals. EBITDA before other items. Current Group structure and accounting standards as of 31 December 2018.