Q3 2020 Telenor ASA Earnings Call Transcript
Good morning to everyone, and welcome to our third quarter presentation.
I'm very pleased with this quarter. It's a strong quarter. As expected, we have impact of the COVID situation, and we therefore have a 2% decline in our S&T revenues. That's due to roaming shortfall and lower sales in Asia, but our modernization journey continues. And I'm pleased to see that that's taking down our OpEx with 8%, resulting in a very good EBITDA growth of 4% and a free cash flow generation of NOK 4 billion.
I'm especially pleased with the strong performance in all our 4 Nordic operations. Telenor Norway continues to deliver on both modernization and in combination with innovation. It gives us revenue growth. It gives us network modernization. And on top of that, it also gives us efficiency, cost efficiency. Finland delivers on plan, the plans we had when we acquired the company more than a year ago. And in Sweden and Denmark we have been focusing over the last quarters on a turnaround, and I'm pleased to see now that, that is also resulting in some
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