Telenor revenues in Serbia & Montenegro down in Q3

Thursday 27 October 2016 | 13:12 CET | News
Telenor Group reported revenues of NOK 1.02 billion in Serbia and Montenegro for the third quarter of 2016, compared to NOK 1.06 billion in the same period in 2015. Of the total, NOK 663 million accounted for subscription and traffic. EBITDA dropped from NOK 404 million to NOK 391 million in Q3 2016, while the EBITDA margin remained at 38.1 percent. Capex increased to NOK 180 million from NOK 110 million, mainly for network investments, including 4G. The number of subscriptions increased by 102,000 in the quarter, to 3.48 million. Monthly ARPU dropped from NOK 84 to NOK 82.

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Categories: Mobile & Wireless
Companies: Telenor
Countries: Montenegro / Serbia
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