Quarterly report 2002
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> TELENOR ASA THIRD QUARTER 2002
> Key points of the third quarter compared to the third quarter 2001
  • Adjusted for special items:
    - 22% growth in revenues, to NOK 12,209 million.
    - 53% growth in EBITDA, to NOK 3,891 million.
    - Improved operating profit by NOK 530 million to NOK 1,226 million.
  • Loss before taxes and minority interests in the third quarter this year was NOK 105 million. This includes write-downs of NOK 738 million, particularly related to restructuring of managed services in Business Solutions.
  • In Mobile EBITDA increased by 83% to NOK 2,107 million. The growth excluding DiGi. Com, Pannon GSM and Kyivstar was 24%.
  • The EBITDA margin in mNorway was 44.1%, representing a growth of 3.0 percentage points.
  • ARPU in mNorway in the quarter increased to NOK 359 from NOK 357. ARPU in Pannon GSM was NOK 177, in DiGi. Com NOK 138, in Grameen Phone NOK 167 and in Kyivstar NOK 113.
  • The EBITDA margin excluding gains and losses in Networks was 36.6%, representing a growth of 1.6 percentage points.
  • Net interest-bearing liabilities were NOK 27.6 billion at the end of the quarter. This includes current taxes of NOK 2.4 billion regard- ing Sonofon.
Telenor’s continued strong focus on the rationalization of operations contributed to improved margins and a reduction in capital expenditure in both mobile and fixed telephony in Norway. The international mobile operations continue to show strong growth, and Telenor’s pro rata share of total subscriptions including Norway was 11.6 million at the end of the third quarter this year. For Business Solutions the weak market for IT-related activities continues. In Plus, Broadcast shows a positive development compared to the third quarter last year, while costs mainly linked to ADSL have affected the result. Canal Digital was consolidated from 30 June 2002.


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