Telenor ASA (OTCPK:TELNY)
$ 11.59 0.1924 (1.69%) Market Cap: 16.05 Bil Enterprise Value: 24.26 Bil PE Ratio: 24.00 PB Ratio: 2.22 GF Score: 74/100

Q2 2022 Telenor ASA Earnings Call Transcript

Jul 19, 2022 / 07:00AM GMT
Release Date Price: $12.72 (-3.31%)
Sigve Brekke
Telenor ASA - President & Group CEO

Good morning, everyone, and welcome to this second quarter presentation. In this quarter, Telenor is back with organic service revenue growth of 2%. The growth is driven by solid mobile performance actually across our portfolio. And I want to especially mention Bangladesh that grew 6% in the quarter. In the Nordics, the mobile revenue is positively impacted by the increase we have done in prices and continued demand for the services we deliver on top of data connectivity. And our mobile network in Norway has once again been confirmed as the fastest network in the country, both on 4G and now also on 5G.

We have, over the past years, executed on our structural programs to drive modernization but also to improve efficiency. In this inflationary environment we have today, we have -- we believe that this provides us with the protection from cost increases. Towards the end of the quarter, we received a regulatory clearance from the merger in Malaysia. And as expected, it took some time. And we will now move on with the final approvals from the stock

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