Telenor Pakistan posted a strong quarter, in local currency. Total YoY revenues increased by 17%, while 9 % increase when compared to Q3 – thanks to subscription growth of more than 3 million compared to last year. However, depreciating value of Pakistani Rupee reflected decreased revenues on Group balance sheets.
EBITDA margins grew to an all time high of 28.4% with 28% growth over Q3.
ARPU showed a negative growth, due to extremely low tariffs and reduced interconnect rates from 1 January 2009.
The number of Mobile Users on Telenor Pakistan increased by 842,000, during the quarter – resulting in an increase in subscription market share to 23%.
EBITDA increased mainly due to higher revenues. The EBITDA margin of 29% was the highest quarterly EBITDA margin reported so far by Telenor Pakistan. EBITDA was positively affected by decommissioning of leased lines and reduced energy cost.
Capital expenditure continued to be aligned with current development in subscription base and traffic volumes.
CEO Telenor Pakistan, Jon Eddy Abdullah praised Telenor Pakistan employees and attributed the company’s success to their unrelenting dedication. He said, “Telenor Pakistan has been recognized by Telenor Group for the highest revenue growth rate throughout the group. This, in the face of current business environment challenges, demonstrates a stellar performance.”
During this quarter, Telenor Pakistan launched their suite of financial services under the brand name easypaisa. Within 4 months, more than 300,000 Bill Payment and more than 50,000 Money Transfer transactions have already been recorded.