Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA<\/a>) for October-December fell 6.5% year-on-year to 11.7 billion Norwegian crowns ($1.33 billion), while analysts in a poll https:\/\/www.telenor.com\/investors\/share-information\/analyst-coverage\/consensus-estimates on average had expected 12.2 billion.
The company's overall revenue declined by 4.8% in 2021, reflecting the pending sale of its Myanmar operation, while adjusted for this it increased by 1.2%, it added.
\"Entering 2022, we will maintain our focus on returning to growth,\" Chief Executive Officer Sigve Brekke said in a statement.
Expansion will come from Telenor's push https:\/\/www.reuters.com\/technology<\/a>\/telenor-google-cloud-partner-up-digitalise-telecom-operations-2021-11-15 into cloud and 5G https:\/\/www.reuters.com\/technology\/telenor-partners-with-amazon-modernise-systems-offer-services-2022-01-20\/#:~:text=OSLO%2C%20Jan%2020%20(Reuters),data%20services%20to%20professional%20customers technology, dubbed \"beyond connectivity\", as well as from planned tie-ups in Thailand https:\/\/www.reuters.com\/markets\/europe\/telenor-cp-group-merge-thai-telecom-units-86-bln-2021-11-22\/#:~:text=BANGKOK%2C%20Nov%2022%20(Reuters),in%20the%20Southeast%20Asian%20country and Malaysia https:\/\/www.reuters.com\/business\/media-telecom\/axiata-telenor-sign-deal-merge-malaysian-telecoms-units-2021-06-21\/#:~:text=OSLO%2C%20June%2021%20(Reuters),the%20competitive%20Southeast%20Asian%20nation and continued development of its Nordic infrastructure, the CEO added.
Telenor proposed a dividend of 9.30 crowns per share, compared to 9.0 crowns a year earlier and in line with analysts' median expectation in the company-provided earnings poll.
The COVID-19 pandemic continues to hamper the group's revenue in Asia and the overall economic impact is most felt in Thailand, while subscription revenues in Malaysia has also taken a hit, the firm said.
The Telenor group, which has 172 million subscribers and gets about half its revenue from Asia and the rest from the Nordic region, expects \"low single digit\" growth in its organic service revenue in 2022, it added.
Capital expenditure is expected to amount to 16-17% of sales this year, it said.
Telenor last year decided to quit Myanmar following a military coup, booking a large write-off. A sale of the business is still pending final approval.
Telenor's share price has risen 5.3% year-to-date, outperforming a 0.9% decline in Norway's benchmark stock index.
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