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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.

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