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Broadband

NextGenTel revenues grow, profits lower in Q3

Thursday 27 October 2016 | 14:38 CET | News
Norwegian operator NextGenTel saw its revenues in Q3 increase to NOK 339 million from NOK 309 million a year ago. Operating profit decreased to NOK 13.3 million from NOK 20.8 million, and net profit halved to NOK 7.0 million from NOK 14.2 million. NextGenTel blamed the lower results on seasonal slowness which put pressure on margins. The total customer base in Norway was 284,000 at the end of September, a decrease from 291,000 three months earlier. The consumer segment had a decrease of 7,000, while business segment was stable.

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Categories: Fixed
Companies: NextGenTel / Telenor
Countries: Norway
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