TeleGeography Logo

Telenor 1Q results released

27 Apr 2005

Telenor has reported a 7.2% increase in first quarter revenues to NOK15.3 billion. Profit before tax was NOK2.81 billion, compared to NOK5.03 billion in the first quarter of 2004, though 2004’s results were inflated by a gain of NOK2.6 billion from the sale of its stake in Greek cellco Cosmote. Mobile operations accounted for 54% of Telenor’s total sales in the period; in its home market wireless subscriptions rose to 2.63 million to give it a 56% market share. Meanwhile, its Danish wireless subsidiary Sonofon reported a 43,000 decline in its customer base as a result of a saturated market and stiff competition. In Ukraine, Kyivstar added 1.4 million customers in the first three months of the year to take its total to 7.66 million.

Norway, Telenor Group

GlobalComms Database

Want more? Peruse the GlobalComms Database—the most complete source of intel about mobile, fixed broadband, and fixed voice markets.

TeleGeography

TeleGeography is the definitive source for telecom news, numbers, and analysis. Explore the full research catalog.