Telenor Group Strategy & Performance - Telenor connects approximately 210 million people across its footprint[43] - Telenor delivered in line with financial targets set at the 2022 CMD, including a YoY growth in ordinary dividend per share and FCF before M&A covering the dividend by 2025[64,65] - Telenor aims for a future-fit strategy focusing on customer excellence, technology-led transformation, tapering opex and capex to sales, and shareholder value creation[71] - Telenor Infrastructure's EBITDA margin increased by 9 percentage points between 2022 and 2025, reaching 62%[453] Telenor Nordics - Telenor Nordics achieved a service revenue CAGR of +33% and EBITDA growth of +58% from 2022 to LTM Q3 2025[202,504] - Telenor Nordics free cash flow has more than doubled since 2022[213] - Telenor Nordics aims to deliver more than NOK 15 billion in FCF by 2030[221] Telenor Asia - Telenor Asia has approximately 200 million customers[378] - Telenor Asia's portfolio value is approximately NOK 90 billion[378] - True Corp in Thailand has a service revenue market share of 486% and subscriber market share of 504%[413] Financial Ambitions - Telenor targets low-to-mid-single-digit organic EBITDA growth and a capex/sales ratio of less than 13% by 2028[552] - Telenor aims for FCF ex associates of NOK 14-15 billion by 2030[552] - Telenor is committed to YoY growth in dividend per share and maintaining a leverage ratio between 18x and 23x[529,536,562]