Telenor Hungary reports rising revenues, subscribers in 4Q12

14 Feb 2013

Mobile operator Telenor Hungary, formerly known as Pannon, booked revenue of HUF42.043 billion (USD195.3 million) in Q4 2012, up from HUF41.404 billion in the corresponding year-earlier period, as higher subscription and traffic revenue offset a fall in sales from a government-imposed cut in termination fees, and other one-off expenses. EBITDA for the carrier fell marginally in the three month period under review, to HUF11.654 billion from HUF11.771 billion, in a period in which Telenor was required to pay HUF2.4 billion for the new telecoms tax, and a similar amount on Budapest’s so-called ‘crisis tax’. Nonetheless, EBIT increased year-on-year it said, thanks to lower depreciation charges stemming from new equipment deployments, following its network modernisation programme.

Operationally speaking, Telenor Hungary added a net 57,000 new users in the last three months of the year, to close out 2012 with a total of 3.322 million – resulting in an improvement in voice and mobile internet market share, it said.

Hungary, Telenor Hungary