Telenor Group's subsidiary in Bangladesh, Grameenphone, has today announced its
results for the fourth quarter 2020. Telenor's consolidated figures in NOK
million are as follows:

                               Q420    Q419    
Revenues                      3,693   3,887   
EBITDA before other items     2,341   2,464   	
Operating profit              1,662   1,771   
 
CAPEX excl. spectrum licences   429     419    

Subscription and traffic revenues in local currency decreased by 3%, and EBITDA
decreased by 4%. During the quarter the number of subscriptions increased by
1.445 million to 79.037 million.

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