Telenor in recovery
February 13, 2014
By Chris Forrester
Telenor Satellite Broadcasting (TSBc) saw another 1 per cent fall in overall revenues (and gross profit) last year, although the operator said this was fully in line with expectations. Early last year Telenor retired its ageing Thor 2 satellite, which had been leased to SES despite being in an inclined orbit, and this impacted overall income.
However, the most recent quarter-year saw a real improvement in revenues, and with revenues growing by 3 per cent and EBITDA by 7 per cent.
TSBc reported NKR 971 million ($158.5m) in revenues through the year. Quarterly revenues stood at NKR 247 million, and represented the best quarter of the year (and a 69 per cent EBITDA).
TSBc operates its fleet from 1 degree West orbital position, which it part-shares with Intelsat.
The operator, a division of the giant Telenor telco, is looking forward to add Thor-7 towards the end of this year which will boost revenues.