Telenor Asa Ord (TELNF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

good morning and welcome to telenor's results call for the second quarter my name is frank moyer head of investor relations here and i'm joined by our group ceo benedictus as well as our group cfo um Before we kick off, a couple of housekeeping items as usual. On this call, all numbers are in Norwegian kronor, and growth rates are referred to on an organic, like-for-like currency basis, unless otherwise stated. For simplicity, comments on this call referring to EBITDA are referring to adjusted EBITDA. And for those who wish to ask questions after our prepared remarks, we kindly ask you to limit yourself to only one question and a related follow-up in case you need a clarification. So without further ado, Benedicte, the floor is yours. Thank you very much, Frank, and good morning, everyone. We really appreciate your taking the time to join us today. We experience profound geopolitical shifts and changes in tariffs and trade policies by the day. Fortunately, short term, these effects for Telenor are limited. However, longer term, it may imply changes affecting all markets, including Telenor. But despite what's happening around us, we are really proud to present very strong results for the second quarter. We saw exceptional performance in the Nordics driven by double-digit EBITDA growth in Norway and the Nordic business area. We also saw improved performance in Asia in infrastructure whilst AMP continued to lag our performance ambitions. In the Nordics, the strong execution is the result of a well-established commercial strategy and a transformation program which is driving both improved customer experiences as well as operational efficiencies. These radical improvement efforts are far from finished and will continue to be key for us in the coming years. All in all, on ...