Telenor revenues in Serbia & Montenegro down in Q4

Friday 3 February 2017 | 10:41 CET | News
Telenor Group reported revenues of NOK 940 million in Serbia and Montenegro for the fourth quarter of 2016, compared to NOK 982 million in the same period in 2015. EBITDA dropped from NOK 314 million to NOK 285 million, and the EBITDA margin was 30.3 percent. Capex reduced to NOK 151 million from NOK 459 million. The number of mobile subscriptions fell by 148,000 during the quarter, primarily driven by seasonal churn of prepaid subscriptions. At the end of 2016, the subscription base was 3 percent lower than at the end of last year at 3.33 million.

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