Viewers up, profits flat at Telenor
July 23, 2013
By Chris Forrester
Telenor Satellite Broadcasting’s (TSBc) latest numbers (Q2, to June 30th) show that while its 1 degree West orbital slot is now delivering programming to a record 8.8 million homes, and with “strong and stable” DTH penetration for one of its Central European ‘anchor’ client, UPC, EBITDA revenues fell.
TSBc say that the EBITDA decrease is down to lower revenues and higher operating costs compared to Q2 last year. In January 2013 the operator also retired its aging Thor 2 satellite which was contributing modestly to last year’s overall revenues.
However, there are clear signs of progress. Overall revenues were up quarter-on-quarter to NOK 246 million (Q1, NOK 237m) although slightly down on last year’s Q2 of NOK 248. Telenor is in a transitional phase and awaiting the delivery of a new maritime-focussed satellite (Thor 7) in 2014.
Meanwhile, the operator says they are already building up clients and business on the existing Thor fleet for maritime and “energy” clients.