Post by Telenor

Steady Q1 performance in a challenging environment 💙 Despite a challenging external backdrop, Telenor delivered steady operational performance in the first quarter, while continuing to strengthen the company’s role as a provider of secure and reliable digital infrastructure. In a quarter marked by geopolitical tension and market uncertainty, our people demonstrated agility, responsibility and a strong customer focus, while staying firmly on track with our long‑term strategy. First quarter highlights: ✅Service revenues of NOK 14.8 billion. ✅Adjusted EBITDA of NOK 8.0 billion. ✅Free cash flow before M&A of NOK 2.1 billion. ✅Total free cash flow of 31.9 bn NOK. During the quarter, we also reached an important milestone in our simplification journey by completing the first tranche of the divestment of our stake in True in Thailand, significantly strengthening Telenor’s financial position. At the same time, the threat level to customers and critical infrastructure remains high. In Norway alone, Telenor’s security solutions stopped around 666 million unsafe websites and attempts at digital crime in the first quarter, underlining the importance of resilient digital infrastructure for individuals, businesses and society. 📷 Picture from our CEO's and CFO’s visit to Grameenphone in Bangladesh earlier this year. 👉 Read more about our Q1 results: https://lnkd.in/ezvQWUDq