Steady quarter for Telenor Satellite
October 31, 2013
By Chris Forrester
Norway’s Telenor Satellite Broadcasting (TSBc) reported “stable” revenues of NoK 241 million for its Q3 trading period, which almost exactly matched revenues from Q3 last year (NoK 242 million), with EBITDA of 71 per cent (NoK 171 million) compared to 70 per cent a year ago.
However, actual quarterly revenues were down NoK 5 million compared to the previous Q2 trading. TSBc enjoyed an operating profit of NoK 106 million for Q3 (NoK 108 million last year).
Nevertheless, TSBc reported “strong revenue growth in all network and data services markets with multiple agreements signed with new VSAT partners in the maritime and energy markets.
The operator says its latest satellite, Thor 7, which is a high-throughput satellite, and will launch in H2/201.