Telenor ASA (OTCPK:TELNY)
$ 11.6229 0.0329 (0.28%) Market Cap: 16.10 Bil Enterprise Value: 24.26 Bil PE Ratio: 24.38 PB Ratio: 2.23 GF Score: 72/100
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Q2 2019 Telenor ASA Earnings Call Transcript

Jul 16, 2019 / 07:00AM GMT
Release Date Price: $20.29 (-4.43%)
Sigve Brekke
Telenor ASA - President & CEO

Good morning to everyone and let me welcome you to the Q2 presentation for the Telenor Group. I will start off with some highlights, followed by our CFO, Jørgen, and then we will open up for a Q&A, and the whole session will take around 1 hour.

Okay. The result for the second quarter is confirming our effort and our ability to execute on our strategy, a strategy that is driven by modernizing our company. And it's a strategy where we are building value through our core business in the 2 geographical platforms we have in the Nordics and in Southeast Asia. Therefore, this quarter, we also took several steps on the M&A side, which I will talk about later.

But first, some operational highlights. We see a continued strong performance in Norway. The fiber growth momentum continues, 20% year-on-year growth on fiber for this quarter. I'm also pleased to see that we are continuing to drive growth through increased ARPU on our consumer business, 2% ARPU increased this quarter.

We also see that the recovery in Thailand and Myanmar

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