Continued growth for Telenor in third quarter

In the third quarter of 20112, the Norwegian Telenor Group reports revenues of NOK 25.3 billion, representing an organic revenue growth of 3%.

EBITDA before other items was NOK 8.8 billion, EBITDA margin was 34.8%, and operating cash flow was NOK 5.5 billion.

The result is better than anticipated by most analysts, NRK reports. 

The figures show a turnover growth in Norway of 7 per cent, and a significant growth in the mobile market in the Nordic region as a whole.

“I am proud of our recent launch of 4G services in 11 cities in Norway. The rollout continues at rapid speed, and more than nine out of every ten Norwegian will have access to our 4G network in 2015. Telenor’s significant and long term investments enable us to deliver superior coverage and network quality, catering for the strong uptake of data services. The increased data usage and migration to bundled tariffs contributed to revenue growth this quarter,” said Jon Fredrik Baksaas, President and CEO of Telenor.

“Telenor Serbia, Telenor Sweden and DTAC in Thailand all demonstrate profitable growth fuelled by smartphones and mobile data demand. We are pleased to see that DTAC has won the auction for 3G licence and spectrum. Our Broadcast unit reports record high EBITDA margin on the back of well-executed cost management,” Baksaas said.

“In India, we have submitted an application for participation in the upcoming licence auction. However, several key issues need to be resolved before the final decision is made on participation. Meanwhile, the restructuring of the Indian operation is progressing according to plan,” Baksaas said, during the presentation of the report.

Associated companies:


Related news

Latest news

New contract: Windcat 41 - no 17 in the Servogear series

Servogear announces the signing of a new contract with Windcat Workboats BV for the delivery of Servogear Controllable Pitch Propellers (CPP)  for their new vessel Windcat 41. 

Seacat Enterprise to be launched January 12th

Seacat Services, is preparing to launch its first High Speed Utility Vessel (HSUV), Seacat Enterprise at January 12th.

Norsafe Signs Contract with the Swedish Coast Guard (KBV)

On Wednesday 21st December, Norsafe signed yet another new contract with the Swedish Coast Guard (KBV) to deliver nine new Magnum 750 MKII boats.

A Unique Second-generation Tomograph is Developed

A new gamma-ray tomograph designed to image up to 4” diameter pipes, is developed by CMR Prototech for the Saskatchewan Research Council (SRC) in Canada.

Sohome launches a new website

Sohome has launched a new website that makes it easier to find key information. 

Sohome AS receives orders for Johan Sverdrup Project

Sohome AS is proud to be a sub-contractor to Intelecom AS for the Johan Sverdrup Project. 

New 55'' Ultra High Definition Chart and Planning table passes Type Approval testing

Most advanced maritime display system ever produced, the 55'' Ultra High Definition Chart & Planning table, enables Integrated Bridge System manufacturers to develop new multi-data solutions.

Norsafe's experience in the Polar Code Pays Off

In readiness for the introduction of the Polar code, Norsafe has become the first LSA supplier to have executed full scale tests and trials 

Øglænd System Group winner of Business of the Year Award

Øglænd System Group won the Business of the Year Award in the Stavanger-region 2016.