Telenor's operations in Pakistan have been unprofitable, with losses of 5.4%, 0.5%, and 14% of total revenues in the past three quarters. In contrast, Telenor's overall global operations have seen consistent profits, with operating profits of NOK 3,862 million, 3,877 million, and 3,367 million in the same periods. While Telenor Pakistan accounts for a small portion of Telenor's total revenues, it has been loss-making compared to the profitability of Telenor's broader international operations.

1. 1
Telenor Pakistan
2008
(NOK in millions) Q1 Q2 Q3
84 79 70
Subscription and traffic 7 7 1
18 17 14
Interconnect revenues 3 3 4
1,03 97 84
Mobile revenues company's subscriptions 0 0 5
Other mobile revenues 3 2 7
1,03 97 85
Total mobile revenues 3 2 2
1 1
Non-mobile revenues 9 9 7
1,04 99 86
Total revenues 1) 2 1 9
1
1)
Of which internal revenues 2 9 3
17 20 9
EBITDA before other income and expenses 9 6 9
Other income and expenses - - -
17 20 9
EBITDA 9 6 9
23 21 22
1)
Depreciation and amortisation 5 1 1
Write-downs 2) - - -
Operating profit/ (loss) (56) (5) (122)
1)
Of which amortisation of Telenor's net excess values - - -
2)
Of which write-downs of Telenor's net excess values - - -
17. 20. 11.
EBITDA before other income and expenses/ Total revenues (%) 2 8 4
17. 20. 11.
EBITDA/Total revenues (%) 2 8 4
(5. (0. (14.
Operating profit/Total revenues (%) 4) 5) 0)
63 96 20
Capex 8 6 8
Investments in businesses - - -
No. of mobile subscriptions (in thousands) 16,70 18,12 18,47

2. 2
2 5 2
16,56 17,97 18,30
- of which prepaid 1 0 7
Average traffic minutes per subscription per month (AMPU) in the 16 16 14
quarter 3 5 6
2 1 1
Average revenue per subscription per month (ARPU) in the quarter 2 9 5
5 4 3
- of which contract 1 1 5
2 1 1
- of which prepaid 2 8 5

3. 3
FINANCIAL ANALYSIS OF CURRENT VS OVERALL GLOBAL OPERATION
CURRENT BUISNESS SHARE
Telenor total revenue in Pakistan for the last quarter is 869 million NOK which
is, in first quarter is 1042 million NOK, now decreasing due to tough
competition,
Telenor is in operating loss condition in Pakistan which is about 122 million
NOK quite high from first quarter which is 56 million NOK and in second
quarter it is about 5 million NOK.
Total loss percentage is 5.4%, 0.5% and 14% for 1st, 2nd and 3rd quarter
respectively
OVERALL GLOBAL OPERATION
Telenor total revenue for the last quarter is 23788 million NOK which is, in first
quarter is 23205, now increasing due to entrance in new market,
Telenor’s operating profit in last quarter is about 3839 million NOK which has
decreases from first quarter which is 3862 million NOK and in second quarter it
is about 3877 million NOK.
Total profit for last three quarter is 5026 million NOK, 3975 million NOK and
3367 million NOK for 1st, 2nd and 3rd quarter respectively.
For prove of global business income statement is attached.
RATIO OF INTERNATIONAL PROFIT VS CURRENT DOMESIC PROFITS:
Operation profit/loss= 14% loss for Pakistan
Earnings per share in NOK
From continuing operations:
Basic 2.72 2.11 1.80
Diluted 2.72 2.11 1.80
From total operations:
Basic 2.72 2.11 1.80
Diluted 2.72 2.11 1.80

4. 4
CONSOLIDATED INCOME STATEMENT
Telenor Group 2008
(NOK in millions except earnings per share) Q1 Q2 Q3
23,20 23,83 23,7
Revenues 5 7 88
6,17 6,46 6,
Costs of materials and traffic charges 0 2 509
3,21 3,38 2,
Salaries and personnel costs 6 3 953
6,46 6,68 6,
Other operating expenses 1 7 659
23 9
Other (income) and expenses 5 9 321
7,12 7,20 7,
EBITDA 3 6 346
3,25 3,32 3,
Depreciation and amortization 9 8 501
Write-downs 2 1 6
3,86 3,87 3,
Operating profit 2 7 839
2,99 1,85 1,
Associated companies 8 0 789
(60 (52 (1,1
Net financial items 7) 0) 94)
6,25 5,20 4,
Profit before taxes 3 7 434
(1,22 (1,23 (1,0
Taxes 7) 2) 67)
5,02 3,97 3,
Profit from continuing operations 6 5 367
Profit (loss) from discontinued operations - - -
5,02 3,97 3,
Profit 6 5 367
Attributable to:
45 43
Non-controlling interests (Minority interests) 5 9 372
4,57 3,53 2,
Equity holders of Telenor ASA (Net income) 1 6 995
Earnings per share in NOK
From continuing operations:
2.7 2.1 1
Basic 2 1 .80
2.7 2.1 1
Diluted 2 1 .80
From total operations:
Basic 2.7 2.1 1

5. 5
2 1 .80
2.7 2.1 1
Diluted 2 1 .80