Jørgen Weidemann's questions to Telenor ASA (TELNY) leadership • Q3 2024
Question
Jørgen Weidemann asked for details on the cash outflows in the Pakistan operation that explain the large gap between its nearly NOK 2 billion in EBITDA and its minimal free cash flow contribution.
Answer
Acting CFO Kasper Kaarboe explained that the significant difference between EBITDA and free cash flow in Pakistan is primarily due to three factors: a high local tax rate, substantial cash payments for tower leases, and necessary, albeit limited, ongoing CapEx investments.