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Q1 2020 Telenor ASA Earnings Call Transcript
Good morning to everyone, and thanks for joining this call in very extraordinary times. It's an empty audience here at Fornebu today, and I really, really hope that we soon can welcome some of you back when we have our quarterly presentations.
It is a difficult time, both for companies and for societies. And Telenor, being a telecom company, I think our services and our purpose have never been more important. As we say it in our vision, connecting you to what matter most, empowering societies. And we see that coming through in our first quarter, but we also see uncertainties going into the second quarter.
Some highlights from the first quarter. I think we believe we deliver a strong set of financials. Organic subscription and traffic growth of 2%, and together with a continued modernization and efficiency program, it's resulting in a 3% EBITDA growth. We also have a low CapEx in the quarter, giving us a solid cash flow generation.
In Norway, we are pleased to see a continued strong ARPU growth of 4%. We also see that, that ARPU
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