In the first quarter, the mobile business performed well while the overall quarter was impacted by our strategic journey of investing in modern networks and structural transactions inAsia . The growth was held back by the Norwegian fixed line business and intensified competition inThailand . Service revenues were stable, and EBITDA was negatively affected by the copper decommissioning inNorway which is in its final year. In addition, higher energy prices, and activities related to the planned mergers inThailand andMalaysia impacted EBITDA negatively. This resulted in an organic EBITDA development of -2%. Free cash flow remained robust atNOK 3.6 billion in the quarter, further strengthening our financial position. I am especially pleased with the growth in mobile service revenues and ARPU across the Nordic operations. This confirms that providing quality networks and services in the world's most advanced telecom markets creates growth opportunities. InAsia , we see solid growth inBangladesh andPakistan and the M&A transactions inThailand andMalaysia are progressing through the necessary steps. The sale of Telenor Myanmar was closed during the final days of the quarter, concluding a challenging process in a very difficult situation.Telenor will host a capital markets day on 20 September. Investor relations Øystein Myrvold, +47 99230460Håkon Hatlevik , +47 90146070 Media contactDavid Fidjeland , +47 93467224
Click here for more information
© Oslo Bors ASA, source