Telenor ASA (OTCPK:TELNY)
$ 11.6229 0.0329 (0.28%) Market Cap: 16.12 Bil Enterprise Value: 24.31 Bil PE Ratio: 24.06 PB Ratio: 2.22 GF Score: 72/100

Q2 2021 Telenor ASA Earnings Call Transcript

Jul 20, 2021 / 07:00AM GMT
Release Date Price: $17.13 (+3.40%)
Sigve Brekke
Telenor ASA - President & Group CEO

Good morning, everyone, or should I say good afternoon because today I'm presenting our second quarter results from Bangkok. I'm here in Asia to discuss business opportunities and status with our Asian business units.

In the second quarter, I'm very pleased to see that both revenues and EBITDA growth is back. We see strong development in our Nordic portfolio and also good customer update -- customer additions and growth, especially in Bangladesh and in Pakistan. And this is resulting in a 2% organic subscription and traffic growth. I'm particularly happy to see that we are able to deliver such strong results despite the continued pandemic impact here in Asia.

The revenue and subscriber growth is also implying that part of the marketing activities, which were reduced to a minimum last year, is coming back. However, our focus on modernization and digitalization continues, resulting in an organic EBITDA growth of 4%.

As you all remember, in the beginning of July, we announced to sell our operation in Myanmar and exit the

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