“I’m pleased to see Telenor continuing to deliver organic EBITDA growth, while revenues were stable in the first quarter,” said CEO Sigve Brekke.
“As previously communicated, simplification and efficiency improvements are on top of our agenda. Our announcement to exit India, the continued sell-down in Veon [previously VimpelCom] and the launch of our cluster organisation are all examples of these efforts. Together with the company-wide initiatives to improve profitability, we believe that we are laying a solid foundation for Telenor's future.”
He identified highlights as “the strong data consumption in emerging Asia and the solid fibre momentum in Norway as well as Sweden”.
He said there was “encouraging customer reception” of new and improved mobile offers. “In Thailand and Malaysia, this supported double-digit postpaid growth, and we are actively working to mitigate the continued intense competition in the prepaid market.”