Telenor Group’s subsidiary in Malaysia, Digi, has today announced its results for the first quarter 2021. Telenor’s consolidated figures in NOK million are as follows:
Q1 21 Q1 20
Revenues 3,244 3,538
EBITDA before other items 1,552 1,723
Operating profit 902 1,029
CAPEX excl. spectrum licences 317 314
Subscription and traffic revenues in local currency decreased by 3%, and EBITDA decreased by 2%. During the quarter the number of subscriptions decreased by 191 thousand to 10.25 million.
Outlook 2021
• Service Revenue: Low single digit decline
• EBITDA: Mid-single digit decline
• Capex to sales: 14-15%