Q4 2019 Telenor ASA Earnings Call Transcript

Jan 29, 2020 / 08:00AM GMT
Sigve Brekke - Telenor ASA - President & CEO

Okay. Good morning to everyone here at Fornebu, and also good morning and good afternoon to those of you that are following us on the video streaming.

I'm satisfied with the first (sic) [fourth] quarter. It's a quarter that reflects a solid financial performance. And it's another quarter where we show that we are able to execute on the strategy that we laid out, now 3 years ago. It also show our ability to stay focused on growth, on efficiency and on simplification.

Subs and traffic growth is up 2%. That's coming from a very solid performance in Norway, both on fixed and mobile, and I'm going to come back to that more in detail. The ARPU in Norway, mobile ARPU, is up 4%. And we see now in Norway that the fixed and the fixed wireless access 4G application we have is able to offset the decline in the copper-related businesses.

In addition, Thailand and Myanmar continues the positive trend that we saw in the third quarter. In Myanmar, we added 5 million new subscribers in 2019. And we see then a very impressive 15% revenue growth in

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