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Telenor Q3 revenues up 1%

October 24, 2018

Telenor, the Norwegian multinational telco, has reported Q3 subscription and traffic revenues were stable, while total revenues increased by 1 per cent to NOK 27.6 billion (€2.91 billion).

Sigve Brekke, Chief Executive Officer of Telenor Group, said in a statement: “The Telenor team delivered another quarter of solid and consistent performance, with stable revenues and a 6 per cent organic EBITDA growth. The steps we have taken over the past two years have laid the foundation for continued value creation.

The third quarter was an important milestone for us in Thailand, as the concession model came to an end. We are very pleased how the transition to the licence model has been executed, removing uncertainty and securing significant access to spectrum and infrastructure. We now have a solid platform to deliver superior data services to our customers and create value in the growing Thai market.

In Norway, network quality is key to our customers and we are proud to have the world’s fastest mobile network. Our mobile customer base grew for the first time in three years and in addition, we continued to expand our fibre network and connected close to 9,000 households during the quarter.

In both Pakistan and Bangladesh revenue trends improved, while competition in Myanmar intensified following the entrance of a fourth mobile operator.

We also successfully completed the sale of our operations in Central and Eastern Europe and will continue to drive our transformation forward with a clear focus on growth, efficiency and simplification. Our achievements so far this year confirm the organisation’s strength and our ability to execute across the company,”

Categories: Articles, Business, Results, Telco