Nordic Growth
Telenor reported a 4% mobile service revenue growth and 5% EBITDA growth in the Nordics, driven by more-for-more pricing and net subscriber additions.
True Corporation Performance
True Corporation in Thailand, where Telenor holds a 30.3% stake, reported a 17% EBITDA growth and is on track with debt reduction, with leverage below target levels.
Free Cash Flow Generation
Telenor generated NOK 2.8 billion in free cash flow for the quarter, totaling NOK 8.3 billion year-to-date, with guidance narrowed to the upper half of the previous range.
Nordic Market Leadership
Telenor's superior network and security offerings have resulted in decreased churn and positive net subscriber additions across the Nordics.
Transformation Program Impact
Operational efficiencies and cost reductions are expected from Telenor's transformation program, with a focus on reducing OpEx and leveraging technology across the Nordics.