Telenor Asa Ord (TELNF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to Telenor's first quarter earnings call. My name is Frank Møø, Head of Investor Relations, and I'm joined here by our Group CEO, Benedicte Skidbjel Fasmer, and our Group CFO, Torbjørn Vist. Before we kick off, a couple of things to mention. On this call, all numbers are in Norwegian crowner, and the growth rates are referred to on an organic, like-for-like basis, unless otherwise stated. And for simplicity, comments relating to EBITDA on this call are referring to adjusted EBITDA. For those who wish to ask questions, after our prepared remarks, please limit yourself to one question and the related follow-up. So, without further housekeeping, we'll jump straight into the CEO section of today's agenda. Benedicte, the floor is yours. Thank you so much, Frank, and good morning to everyone participating on this call. We really appreciate you taking the time to join us today. In a time with geopolitical turbulence and with trade and tariff policies evolving almost daily, our stakeholders have substantial need for basic elements of stability and security. And as a provider of critical infrastructure, that's actually Telenor's key priority. With that as a backdrop, I'm pleased to say that Telenor Group continued its steadfast execution in Q1. While far from immune, the telecom industry is more resilient than most to tariff shocks and other forms of increasing protectionism. As the focus on stable, resilient and secure national infrastructure is on the rise, we keep developing the quality and robustness of our critical digital infrastructure. We are also noticing an emerging demand for sovereign and mission critical solutions enabled by new technology. And technology is also a prerequisite not only to secure the digital infrastructure that makes our...