Telenor Group’s subsidiary in Malaysia, Digi, has today reported its second quarter 2020 results. Telenor’s consolidated figures in NOK million are as follows:
Q2 20 Q2 19
Revenues 3,364 3,228
EBITDA before other items 1,786 1,774
Operating profit 1,029 1,128
Capex (excl. spectrum) 412 538
Subscription and traffic revenues in local currency decreased by 3.8%, and reported EBITDA decreased by 9%.During the quarter, the total number of subscriptions decreased by 385,000 to 10.623 million.
Outlook 2020
• Service Revenue: Low single digit decline
• EBITDA: Medium single digit decline
• Capex: Similar to 2019 level