Telenor ASA (OTCPK:TELNY)
$ 11.6229 0.0329 (0.28%) Market Cap: 16.10 Bil Enterprise Value: 24.31 Bil PE Ratio: 24.06 PB Ratio: 2.22 GF Score: 72/100

Q3 2019 Telenor ASA Earnings Call Transcript

Oct 23, 2019 / 07:00AM GMT
Release Date Price: $19.9 (-0.70%)
Sigve Brekke
Telenor ASA - President & CEO

Good morning, everybody, and welcome to Telenor Group's Third Quarter Results Presentation. The third quarter was another quarter where we delivered on the strategy we have followed the last 3 years.

Let me give you some highlights. We continue to modernize our operation in Norway. And from that, we see a good customer response from both the modernization of infrastructure but also what we do on our services. This resulted in -- resulting in 5% ARPU growth coming from both continuous up-sell into data packages but also introduction of new services. With this, we see that we have been able to continue to grow the customer ARPU in Norway.

In Thailand, after 6 quarters with revenue decline, we now finally see some growth. And as we said in the beginning of the year, this is what we had planned for. This growth is now coming from our network investments but also the turnaround we have had in our distribution.

Myanmar, pretty much the same picture. Also now coming back to growth, 2% S&T growth in this quarter on the back of

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