Norwegian Telenor Group reported revenues of NOK 25.1 billion, representing an organic revenue growth of 8% in the first quarter of 2012.
EBITDA before other items was NOK 7.7 billion, EBITDA margin was 30.8%, and operating cash flow was NOK 5.3 billion.
Telenor’s consolidated mobile operations added more than five million subscriptions during the quarter.
“I am pleased to present another quarter with strong operational performance by the Telenor Group. We are maintaining the growth momentum from 2011 with organic revenue growth of 8%, margins in line with last year and improved operating cash flow,” said Jon Fredrik Baksaas, President and CEO of Telenor Group.
Based on the high uncertainty in India, we are currently providing financial guidance for 2012 for the Group not including Uninor. On a comparable basis, the positive outlook is maintained,” Baksaas said.
(NRK/Aftenposten/Press release)
In Pakistan, Norway's Telenor and Tameer Bank have introduced the opportunity to earn interest on savings by using the mobile phone.
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Cyber spies have allegedly attacked the personal computers of several top leaders of the Norwegian Telenor Group, and copied all the contents, including passwords and personal data.
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The Norwegian Telenor Group has presented its updated plans for the company's operations in India, and says the aim is to capture growth in one of the world’s largest mobile markets.
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Norwegian telecommunications provider Telenor has reported Second Quarter revenues of NOK 25.4 billion, representing an organic revenue growth of five per cent. (Photo: Telenor CEO Jon Fredrik Baksaas)
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Minister of Finance and Trade, Trond Giske, has invited the directors of the companies in which the Norwegian government own shares or stocks to a meeting to discuss management salaries.
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