Sony Pixel Power calrec Sony

Solid mobile growth

19/07/2022

5 minute read

Share

alt=Solid mobile growth class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10>

In the second quarter, we deliver performance in line with our expectations with a 2% growth in service revenues and stable EBITDA. The headwind from copper decommissioning in Norway, high energy prices globally and expenses related to the ongoing strategic projects are compensated by positive items this quarter.

Halfway into 2022, we see businesses and consumers increasingly wanting to protect their digital assets, driving demand for our security services in the Nordic region. I am pleased to see that Telenor continues to be an attractive partner in our customers' digitalisation journey. , says Sigve Brekke, President and CEO of Telenor Group.

The quarter demonstrated solid mobile performance. In the Nordics, this is driven by required price adjustments to compensate for the inflationary environment, and continued demand for services on top of connectivity. Our mobile network in Norway has once again been confirmed as the fastest network in the country.

In Asia, an important milestone was reached this quarter as we received regulatory approval for the merger between Celcom and Digi in Malaysia. , says Brekke.

Based on the performance in the first half of the year, for 2022 we expect low single digit growth in organic service revenues, organic EBITDA around 2021 level, and a capex to sales ratio of 16-17%.

KEY FIGURES TELENOR GROUP

Second quarter

First half year

Year

NOK in million

2022

2021

2022

2021

2021

Revenues

28 036

27 158

55 046

54 675

110 241

Organic revenue growth (%)

2.2

3.5

1.4

1.4

1.2

Service revenues

21 667

21 033

42 546

42 268

84 828

Organic service revenue growth (%)

1.5

1.9

0.9

(0.7)

(0.1)

EBITDA before other income and other expenses

12 501

12 353

24 161

24 562

49 162

Organic EBITDA growth (%)

0.3

3.6

(1.1)

1.4

(0.2)

EBITDA before other income and other expenses/Revenues (%)

44.6

45.5

43.9

44.9

44.6

Net income attributable to equity holders of Telenor ASA

(1 113)

2 188

5 457

(1 701)

1 528

Capex excl. licences and spectrum

4 742

4 377

8 925

8 063

17 942

Total Capex

6 413

6 073

11 681

10 298

22 345

Free cash flow before M&A

930

2 126

3 366

5 117

11 015

Total Free cash flow

856

2 121

4 448

5 955

12 668

Mobile subscriptions - Change in quarter/Total (millions)

2.0

1.7

175.0

170.3

172.2

Second quarter summary*

Total reported revenues were NOK 28.0 billion which is an increase of NOK 0.9 billion compared to the same period last year. Service revenues increased by 1.5% on an organic basis.

Reported opex increased by NOK 0.3 billion. Organic opex increased by NOK 0.2 billion, positively impacted by NOK 0.4 billion relating to items in Norway and Thailand.

Reported EBITDA before other items was NOK 12.5 billion which is an increase of 1.2%. Organic EBITDA increased by 0.3% including NOK 0.6 billion relating to three positive items in Norway, Thailand and Other units.

Capex excluding licences and spectrum fees was NOK 4.7 billion, yielding a capex to sales ratio of 17%.

An impairment loss of NOK 2.5 billion was recognised related to Pakistan as a consequence of deteriorating macro-economic situation and adverse ruling of Supreme Court in the licence renewal case, see note 2.

Net income attributable to equity holders of Telenor ASA was negative NOK 1.1 billion for the quarter. Net income was impacted by currency losses of NOK 2.3 billion and the impairment related to Pakistan.

Total free cash flow was NOK 0.9 billion for the quarter.

In May, Telenor ASA paid the first tranche of the dividend for 2021 of NOK 7.0 billion or NOK 5.0 per share

Leverage increased to 2.2x from 1.9x at the end of the previous quarter mainly as a result of dividend payment and negative currency effects.

*Please refer to page 30 for Definitions and descriptions of Alternative Performance Measures.

Media contact

David Fidjeland Director, Media Relations

Telenor Group
LINK: https://www.telenor.com/media/newsroom/press-releases/solid-mobile-gro...
See more stories from telenor

More from Telenor Digital Services and Broadcast

23/05/2023

Telenor publishes learning outcomes from Myanmar engagement

3 minute read Share Telenor has completed its internal learning process after the exit from Myanmar, yielding valuable lessons on responsible disengagemen...

10/05/2023

Election of members to the Board of Directors of Telenor ASA

5 minute read Share The Corporate Assembly for Telenor ASA has in its meeting on 10 May 2023 elected Jens Petter Olsen as Chair of the Board of Directors,...

04/05/2023

Telenor's Q1 results: Solid strategy execution

5 minute read Share Presentation & report Webcast Today, Telenor reports its results for the first quarter of 2023. I'm pleased to see that we ...

28/04/2023

Telenor Asia in action: Aiming for Zero

5 minute read Share Everyone should be able to perform their jobs safely. Telenor Asia's Head of Health, Safety and People Security shares how he tack...

11/04/2023

Frank Maa appointed new Head of Capital Markets and Investor Relations at Telenor Group

1 minute read Share Frank Maa has been appointed Senior Vice President Ca...

28/03/2023

Annual Report 2022

2 minute read Share Annual Report 2022 Telenor's Annual Report for 2022 covers financial statements, sustainability reporting, an overview of 20...

08/03/2023

Telenor Asia in action: Three strong women leaders paving the path in Asia

7 minute read Share Three women who are working on some of the most important priorities for Telenor Asia tell us how they have stepped into leadership ro...

08/03/2023

Three strong women leaders paving the path in Asia

7 minute read Share Three women who are working on some of the most important priorities for Telenor Asia tell us how they have stepped into leadership ro...

08/03/2023

Joining hands to create safe digital spaces for girls and young people

7 minute read Share Empowering Societies Digital skills Include Inclusion Grameenphone Grameenphone and Plan International Bangladesh join hands...

07/03/2023

Telenor Asia seeks to strengthen market position after completing two mega telco mergers (The Business Times)

9 minute read Share Writer: Mindy Tan View original article on The Busine...

01/03/2023

Unveiling Thailand's new telecom-tech champion

11 minute read Share dtac Telenor Asia When Telenor made its foray into Thailand in 2003 through its investment in dtac, the company's vision was ...

01/03/2023

Telenor completes the amalgamation of dtac and True in Thailand

5 minute read Share Today, Telenor Asia announces the completion of the amalgamation of the telco operations of True and dtac in Thailand. The transaction...

14/02/2023

Telenor Asia: Our Year in Review - 2022

7 minute read Share Download the full Year in Review - 2022 Message from Head of Telenor Asia, J rgen C. Arentz Rostrup: 2022 marked a significant turn...

02/02/2023

Executing on the strategy

7 minute read Share The quarter represents significant progress on our new strategic roadmap towards 2025. Mobile service revenues in Telenor Nordics inc...

01/02/2023

Sale of 30% of the Norwegian Fibre business completed

2 minute read Share (Fornebu, 1 February 2023) Telenor today closes the transaction to divest 30 percent of newly established Telenor Fiber AS, in Norway ...

30/01/2023

Telenor Asia Digital Lives Decoded (Play)

9 minute read Share Download full report PDF Survey Findings (Infographics) PDF Read the press release From virtual worlds to real-life communitie...

12/01/2023

Dtac and True are moving into the final phase of the merger

3 minute read Share Dtac and True have today held separate board meetings regarding the ongoing merger process between the companies. The boards of direct...

23/12/2022

Arus Academy co-founder Alina Amir shares her top tips on growing fast and well

5 minute read Share What can time spent with schoolchildren teach entrepreneurs? A lot, it turns out. Alina Amir co-founded Malaysia's fast-rising Aru...

21/12/2022

Fear "Cyber Grinches" this Christmas? You are not alone, new security survey finds

8 minute read Share People feel less safe about online shopping, but lucki...

16/12/2022

Digital security is a significant concern in the Nordics

6 minute read Share A recent survey Telenor conducted in the Nordics has shown that digital security is a significant concern for individuals across the r...

30/11/2022

Axiata and Telenor Announce the Successful Completion of the Celcom and Digi Merger

9 minute read Share New Company Well-Placed to Serve the Nation and Consum...

30/11/2022

Historic merger marks new chapter in Malaysia's digitalisation journey: We are in pole position.

11 minute read Share Digi Telenor Asia For over 20 years, Digi has emp...

25/11/2022

5 underrated life skills from the co-founder of Safe Internet metaverse bootcamp

6 minute read Share What are some essential life skills for the digital age? We asked Kalaya Kovidvisith, a co-founder of Thailand's Safe Internet met...

25/11/2022

Startup founder Sayem Faruk is connecting tech talents globally

5 minute read Share Sayem Faruk is transforming how global companies can connect with tech talent in Bangladesh. He founded Airwrk, a game changer for his...

25/11/2022

Globally recognized startup founder and activist Tanzila Khan shares her top tips for entrepreneurs

5 minute read Share Last June, Pakistani entrepreneur and Telenor alumnus ...

22/11/2022

Update on the transaction between dtac and True in Thailand

1 minute read Share On 22 November 2021, Telenor and CP Group announced their intention to support the amalgamation of dtac and True in Thailand. As part...

08/11/2022

When every second counts: Mobile 5G solution could be a game changer in emergency situations

9 minute read Share A new mobile 5G Network on Wheels from Telenor demonst...

07/11/2022

Telenor Group elected to the 2023-24 GSMA Board

4 minute read Share Sigve Brekke, President and CEO of Telenor Group, is re-elected for a seat in the GSMA Board and will, from 1 January 2023, commence h...

03/11/2022

Slow AI adoption: How businesses can accelerate the uptake of AI (no, the answers in not more tech)

9 minute read Share Advance Artificial Intelligence Research Advance...

01/11/2022

Ieva Martinkenaite appointed Head of Telenor Research and Innovation

5 minute read Share Research The new head will drive Telenor's research involvement in innovation with strategic partners and customers as part of T...

31/10/2022

New global unit Telenor Linx connects telcos to digital players worldwide

2 minute read Share By merging Telenor Digital AS (TD) and Telenor Global Services AS (TGS), Telenor establishes a global unit that combines traditional c...

28/10/2022

Update on the ongoing OECD complaint lodged against Telenor regarding its sale of Telenor Myanmar

1 minute read Share Telenor and 474 civil society organizations in Myanmar...

27/10/2022

Telenor Asia: Digital Lives Decoded (Work)

7 minute read Share Download full report PDF Read the press release Decoding changing attitudes towards mobile connectivity in South and Southeast As...

27/10/2022

Mobile connectivity can supercharge careers, but employers need to do better - Telenor Asia study

8 minute read Share Flexible Work Digital skills Inclusion Include ...

26/10/2022

Improved Nordic mobile revenue trends

6 minute read Share We see positive trends for mobile service revenues in the Nordic region, with a growth of 4 percent in the third quarter , says Sigve ...

11/10/2022

Telenor Asia Expands Presence in Singapore to Capture Regional Opportunities

5 minute read Share Telenor Group, a leading global telecommunications company serving 175 million customers in the Nordics and Asia, announced the format...

07/10/2022

Telenor establishes fibre company in Norway

7 minute read Share alt=Women walking in Lofoten, Norway. class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10> (Fornebu 7 October 2022...

20/09/2022

Building Telenor for the future

4 minute read Share (Fornebu, 20 September 2022) Today, at its Capital Markets Day, Telenor presents significant changes to ensure growth and reshape the ...

08/09/2022

Girl in Red awarded the Telenor Culture Prize 2022

6 minute read Share Marie Ulven's music has brought the young artist into the global charts and created a worldwide fan base. The talented Norwegian, ...

05/09/2022

Telenor Asia: Digital Lives Decoded (Live)

9 minute read Share Part One: Live Download full report PDF Read the press release Survey Findings (Infographics) PDF Decoding changing attitudes...

05/09/2022

Telenor Asia: Digital Lives Decoded

9 minute read Share Part One: Live Download full report PDF Read the press release Survey Findings (Infographics) PDF Decoding changing attitudes...

05/09/2022

Telenor Asia Study Reveals 5 Key Trends for Continued Surge in Time Spent on Mobile Devices

9 minute read Share Report highlights Downloads Report pdf Survey Fin...

24/08/2022

Endringer i Telenors konsernledelse

7 minute read Share Telenor gjennomf rer endringer i konsernledelsen for styrke regionene i Norden og Asia, og oppretter i tillegg nye enheter innen inf...

24/08/2022

Changes in Telenor Groups Executive Management

8 minute read Share Telenor is implementing changes to the Group Executive Management team to strengthen the regions in the Nordics and Asia, as well as c...

19/07/2022

Solid mobile growth

5 minute read Share alt=Solid mobile growth class=lazyload main main-lazyloaded responsive-image data-v-1a5ebb10> In the second quarter, we deliver per...

18/07/2022

Together for a safer internet: A partnership set for the future

8 minute read Share Sustainability Empowering Societies Include Child Online Safety Grameenphone Include Enabling participation for all Inclu...

30/06/2022

Ensuring Future Skills for All

12 minute read Share Sustainability Empowering Societies Inclusion Include Digital skills Include Enabling participation for all Include mean...

29/06/2022

Celcom-Digi receives regulatory clearance to move forward with merger in Malaysia

4 minute read Share Telenor Group's Malaysian subsidiary Digi.Com Berh...