Telenor ASA (TELNF) Q3 2024 Earnings Name Transcript

Telenor ASA (OTCQX:TELNF) Q3 2024 Earnings Convention Name October 30, 2024 4:00 AM ET

Firm Individuals

Frank Maao – Head of IR and SVP of Capital Markets
Sigve Brekke – President and CEO
Kasper Kaarbo – Performing EVP and CFO

Convention Name Individuals

Ondrej Cabejsek – UBS
Christoffer Wang Bjornsen – DNB
Andrew Lee – Goldman Sachs
Siyi He – Citigroup, Inc.
Keval Khiroya – Deutsche Financial institution
Ajay Soni – JPMorgan
Adam Fox-Rumley – HSBC
Felix Henriksson – Nordea Securities
Oystein Lodgaard – ABG Sundal Collier
Usman Ghazi – Berenberg
Jørgen Weidemann – Pareto Securities

Frank Maao

Good morning, and welcome to Telenor’s Third Quarter Outcomes Name. I am Frank Maao, Head of Investor Relations. And becoming a member of me at this time, I’ve Sigve Brekke, our CEO; in addition to appearing CFO, Kasper Kaarbo. As at all times, within the presentation at this time, all development charges are referred to on an natural like-for-like foundation. We have now a brief and candy agenda at this time alongside the identical traces as typical. And utilizing a brand new format for our Q&A this time, we’d admire if analysts would flip cameras on when asking a query.

And with that, Sigve, the ground is yours.

Sigve Brekke

Thanks, Frank, and good morning to everybody. Welcome to a sunny day right here in Oslo. Within the third quarter, we continued to execute on our technique. We delivered regular financials, whereas additionally navigating the challenges we’ve got had in Bangladesh. We proceed to develop within the Nordics, and we had been delivering a development of shut to five%. Our transformation program is progressing effectively, and we’ve got a very good momentum now for similar OpEx happening already now going into the fourth quarter and additional into 2025.

In Asia, True Company, the place we personal 30.3%, proceed to be on monitor following the merger final 12 months. Each their second quarter