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Telenor Myanmar adds 3.1 mln customers in Q2

Wednesday 22 July 2015 | 11:16 CET | News
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Telenor reported a strong contribution from its growing operation in Myanmar in the second quarter. The company recorded positive EBITDA of NOK 479 million, versus a loss of NOK 83 million a year ago, as its revenues jumped to NOK 1.14 billion from nil in the year-earlier period. Telenor Myanmar finished June with 9.513 million customers, after adding over 3.1 million subscribers in the quarter. In local currency, revenues rose 48 percent from the first quarter of 2015. Profits were helped by the reversal of commercial tax provisions and over-accrued depreciation from the previous quarter,

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Categories: Mobile & Wireless
Companies: Telenor / Telenor Myanmar
Countries: Myanmar
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