Norway's Telenor Group reported revenues of NOK 26.0 billion, in the fourth quarter of 2012, representing an organic revenue growth of 5%. For the full year of 2012, Telenor’s revenues were NOK 101.7 billion,
“I am pleased to close an eventful year with strong financial results and having reached important milestones. We have seen a strong increase in demand for data services during the year. The launch of 4G services in Norway and acquisition of a 3G licence in Thailand will enable us to introduce even better mobile services to our customers. With the acquisition of new licences in India, we have secured a platform for our future in this growth market. Telenor’s position in VimpelCom has been restored, and we will support and contribute to the company’s value agenda going forward,” said Jon Fredrik Baksaas, President and CEO of Telenor Group.
“For the full year 2012, organic revenue growth was 5%, EBITDA margin improved notably from last year and operating cash flow exceeded NOK 20 billion. During the year, we have invested heavily to improve user experience and prepare for increased efficiency and continued growth,” he said.
“The continued solid performance by our Norwegian operation reflects high demand for both mobile and fixed line Internet services. Introduction of new offerings and investment in superior network quality provide our customers with the best services, coverage, capacity and the latest mobile technology. The Asian operations have demonstrated another year of high margins. We see smartphone and data demand picking up in Thailand and Malaysia as well as steady operational improvements in Pakistan,” Baksaas continued.
“As a result of the strong operating results and a solid financial position, the Board of Directors proposes a dividend per share of NOK 6.00 for 2012, an increase of 20% compared to 2011,” Baksaas said.
“For 2013, we expect revenue growth in the range of 3-5% and EBITDA margin around 34%. We now see the opportunity to accelerate investments to capture market positions and expect capex/sales in the range of 12-14%. Our solid position and strong momentum makes me confident that Telenor Group will continue to create value for our shareholders and customers,” Baksaas said.
(NRK/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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