Telenor ASA announced consolidated earnings results for the fourth quarter December 31, 2017. For the quarter, the company reported revenues of NOK 3,223 million as compared to NOK 3,233 million for the same period last year. EBITDA before other items was NOK 1,435 million as compared to NOK 1,440 million for the same period last year. EBITDA was NOK 1,423 million as compared to NOK 1,438 million for the same period last year. Operating profit was NOK 1,013 million as compared to NOK 1,092 million for the same period last year. Capex was NOK 323 million as compared to NOK 469 million for the same period last year.

The company provided earnings guidance for the full year 2018. For the year, the company expects service revenue growth to be flat to low single digit decline. EBITDA margin to be around 2017 level. Capex to be in range of 10% to 12% of service revenues.