May 05, 2022 / 07:00AM GMT
Sigve Brekke - Telenor ASA - President & Group CEO
Good morning to everyone, and welcome to the first quarter presentation and a sunny day here in Norway.
In the quarter, we continue to execute on our strategic agenda, focusing on value creation across the Nordics and in Asia. The mobile business performed well, and we see mobile service revenue growth in all the Nordic operations. However, the financial performance this quarter was impacted by copper decommissioning in Norway, higher energy prices, and project costs mainly related to the structural transactions we have ongoing in Asia.
When it comes to revenues, this was held back by lower volumes in the Norwegian fixed line business and intensified competition in Thailand. But if we exclude for the copper legacy effects and also the businesses in scope for the 2 mergers in Asia, the underlying portfolio revenue growth was around 2%.
There are several ongoing strategic alternate initiatives now in Telenor. We continue to build a stronger portfolio with our 2 large merger processes in Thailand and in Malaysia. We also
Q1 2022 Telenor ASA Earnings Call Transcript
Feb 15, 2024
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