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Wednesday, May 4, 2011

IT News: Telenor's 1st Quarter's Financial

IT News:
Group Telenor, announced today its results for first quarter 2011, according to which Telenor Pakistan showed a 9.7 per cent in the Norwegian currency, due to increased share in the tower and Easypaisa income.

Telenor in its financial report, said the Pakistani arm of the group generated a total of 1179 million NOK or 18.769 billion rupees, compared to NOK 1.074 billion and 17.098 billion rupees (according to the present day exchange rate ) during the same period last year.

Company said the EBITDA margin increased by 6 percentage points, as revenues increased and decreased costs related to leased lines.

Telenor, said it remained focused on investments in network capacity to align with the growth of subscriptions and traffic volumes to reduce capital costs.

With a margin of 26% of cash flow, Telenor said the company is on track to achieve good yields in Pakistan.

Telenor Pakistan said it has added 1 million subscribers during the quarter. NOK ARPU remained unchanged, while showing an increase of 2% in local currency.

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