Telenor ASA (OSL:TEL)
kr 126.3 0.8 (0.64%) Market Cap: 171.65 Bil Enterprise Value: 257.92 Bil PE Ratio: 18.03 PB Ratio: 2.33 GF Score: 76/100

Q3 2021 Telenor ASA Earnings Call Transcript

Oct 28, 2021 / 07:00AM GMT
Release Date Price: kr135.3 (-1.60%)
Sigve Brekke
Telenor ASA - President & Group CEO

Good morning to everyone and to some of you also good afternoon, and welcome to our third quarter presentation. This quarter is another steady quarter in how we are operating the Telenor business. And I'm pleased to see that our growth ambition is delivering solid results in all our Nordic operations. The pandemic continues to affect our operations in Asia, but we now see sign of improvements and normalization of societies and the economies that we are operating in.

This was a strong quarter with respect to subscriber growth across almost all our operations. We added almost 2 million new subscribers in the quarter. And year-to-date, we have added 7 million new subscribers in our operations. In my view, this is a proof of the strength of Telenor's operating model, also in the special circumstances that we have had in the last -- in the past quarters. And to further underscore the strength of our operations, we delivered a cash flow of NOK 7 billion in this quarter.

Then let me go through some of the results and starting with Norway.

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