Telenor Norway lifts Q2 operating profit, mobile revenue up

Monday 17 July 2017 | 11:17 CET | News

Telenor Norway saw a rise in operating profit in the second quarter as total revenues dipped, with mobile revenue improving year on year, although the mobile customer base shrank over the quarter. Total revenues fell to NOK 6.46 billion from a restated NOK 6.49 billion a year earlier. Mobile revenue improved to NOK 3.75 billion from NOK 3.74 billion last year as ARPU improved by NOK 18 over the quarter, when Telenor lost 19,000 customers.

The operator restated its figures for 2016 to reflect the fact that Daxcom is now reported as part of Telenor Sweden, and that Telenor Cloud Services, previously coming under 'other units', is now part of Telenor Norway.

Norwegian fixed line revenue fell to NOK 2.72 billion from NOK 2.75 billion in the second quarter of 2016. Operating profit improved to NOK 1.96 billion to NOK 1.68 billion, with lower operating expenditure thanks to workforce reductions, reduced fault correction costs and lower commissions.

Telenor Norway had 3.00 million mobile subscribers on 30 June, losing 19,000 over the quarter. This was a 3 percent decline from same period last year, caused primarily by fewer prepaid subscriptions and stand-alone data cards.

It ended the period with 508,000 fixed telephony customers, down by 17,000 since 31 March. It lost 3,000 fixed internet customers, leaving it with 862,000. The number of television subscribers rose by 2,000 from 31 March to 547,000. During the quarter, 7,000 fibre subscriptions were added, said Telenor, taking the total number of high-speed connections to 616,000.

Mobile ARPU improved to NOK 323 from NOK 305 in the first quarter of 2017, with a continuing shift towards tariffs with more data included. Fixed broadband ARPU edged up to NOK 361 from NOK 360. TV ARPU slipped to NOK 298 from NOK 299 and fixed telephony ARPU fell to NOK 245 from NOK 254.

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