Today, at its Capital Markets Day, Telenor presents significant changes to
ensure growth and reshape the company's role as an enabler for digitalisation
and sustainability. The company will become a leading telecom operator and
infrastructure player in the Nordics and take leading positions in security and
IoT services. In Asia, Telenor will, together with partners, build scale and
take number one positions in several markets. 

"The Telenor you see today is not the Telenor you will see in the future. We are
taking a big step forward to ensure more value for our customers in an
increasingly digital world in need of secure, stable, and sustainable solutions.
We are building a smarter and more flexible Telenor - a company that creates
value for customers, society, and shareholders," says Sigve Brekke, CEO of
Telenor Group. 

Connectivity - essential for a sustainable future  
The world has gone digital, and the adoption of technology and new digital
services are accelerating at a record pace. Today, connectivity is the life
blood of societies, and Telenor's technology enables more sustainable solutions
as well as smarter and more efficient use of resources. The vision of empowering
societies is stronger than ever.  

 "We are reshaping Telenor with focus on four business areas. We are building an
organisation that is competitive, with focused investments, profitable growth,
and new partnerships. This strategy will create optionality and increased
opportunities for value creation" says Tone Hegland Bachke, CFO of Telenor
Group. 

A new structure 
Telenor is increasing Nordic cooperation between the four companies in the
region. With more and closer cooperation comes faster development and roll-out
of services to customers, new synergies and more efficient use of internal
resources. The company's infrastructure is established as a separate business
area to develop Telenor's assets.  

The companies in Asia are now organised under Telenor Asia, focusing on building
scale and profitable business, as well as managing risk more efficiently. The
ambition is to become a leading operator in several markets, driving
digitalisation and running new, innovative services for both businesses and
consumers. Structural partnerships or an initial public offering are future
options for Telenor Asia. 

During the Capital Markets Day, Telenor's management are presenting more details
on the increased independence for Telenor Nordics and Telenor Asia as well as
further development of the asset portfolio and ESG ambitions.   

The mid-term financial outlook for 2023-2025: 
o	Low to mid-single digit growth in Nordic service revenues 
o	Mid-single digit growth in Nordic EBITDA 
o	Year on year growth in dividend per share 

The energy price development the last couple of months makes it increasingly
difficult to reach the guiding of flat EBITDA in 2022. 
 
The event will be available on webcast from 09:00 CEST 
https://www.telenor.com/investors/reports-and-information/capital-markets-day/ca
pital-markets-day-2022/ 

Investor Relations: 
Øystein Myrvold, (+47) 992 30 460 
Håkon Hatlevik, (+47) 901 46 070 

Media contact: 
David Fidjeland, (+47) 934 67 224

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange