Telenor ASA Q3 2021 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Frank Maa° - DNB Markets, Research Division - Analyst : And my questions relate to energy prices and CapEx really, 2 separate things. But starting with energy prices, we -- I noted that there seem to be no price effect on costs in Sweden, and that varies a bit between markets. But given the fairly sharp rises in the Nordics in terms of the variable power prices, our electricity prices, could you please give us some sense of whether or not there is an overhang there or lag? Or do you have fixed contracts -- fixed price contracts and what the duration of those might be? What we can expect going forward with regards to potential price effects as we go into Q4 and next year? So that's on energy prices. And then on CapEx and the 5G rollout in particular. Given the supply chain disturbances that we have seen globally, which also is affecting telecom equipment to some extent, do you see any delays in lead -- protracting lead delays or protracting lead times from vendors for 5G equipment, for instance, in Norway, where you are pursuing this fixed wireless access strategy as well that Sigve mentioned? And do you see any retaining price pressure on that due to the -- or CapEx inflation to where you would like to perhaps pay up a little bit to ensure deliveries in time?

Question: Usman Ghazi - Joh. Berenberg, Gossler & Co. KG, Research Division - Analyst : I've got 2, please. The first one was on towers in Asia. I mean we're hearing some news about edotco expanding in Thailand, for example. I mean just why I know the towers -- you've highlighted that Nordics is a priority over Asia. But just given these market developments and the weakness in Asia that you're seeing for now, [can] tower monetization in Asia be brought forward? That was the first one. And then the second question was just on the cost savings that are expected to come from the copper shutdown. I mean given the pace at which you're going at, can you remind us of the timing of these savings and whether these savings can be delivered earlier than you might have previously expected? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. OCTOBER 28, 2021 / 7:00AM, TEL.OL - Q3 2021 Telenor ASA Earnings Call