Revenues increase for Telenor

13 Feb 2004

Norway’s largest telecoms group, Telenor, has released its results for the fourth quarter of 2004, announcing a 6% rise in revenues to NOK13.8 billion on the same period of 2002, and EBITDA of NOK4.8 billion, up from NOK3.5 billion. Operating profit stood at NOK2.2 billion for the quarter, compared to a loss of NOK2.1 billion the previous year. Of the total revenues, mobile services accounted for NOK6.3 billion (up from NOK5.6 billion in 2002), fixed line NOK5.2 billion (NOK5.1 billion) and broadcast NOK1.3 billion (NOK1.2 billion).

At the end of 2003 Telenor had a total of 34.8 million mobile subscriptions. Of the total, 2.36 million were accounted for by its domestic operation Telenor Mobile (down from 2.38 million the previous year), 2.62 million (2.45 million) by Hungarian subsidiary Pannon GSM, 2.21 million (1.62 million) by DiGi.Com of Malaysia 1.14 million (704,000) by Bangladesh-based GreenPhone and 3.04 million (1.86 million) by KievStar in Ukraine. In the fixed line arena Telenor claimed 1.31 million PSTN subscribers, and 1.68 million ISDN customers at the end of 2003.

Norway, Telenor Group