Telenor Pakistan has reported 11% growth in revenues in local currency mainly due to increased subscription base and usage levels amid decreased ARPU (Average Revenue per User) due to government directed service suspensions on two occasions.
Telenor group in its quarterly financial report said that Telenor Pakistan generated a total of Rs. 21.62 billion, up from Rs. 19.35 billion during the same period a year ago.
Telenor said that its financial services (Easypaisa) contributed to 3.5 percentage points of the overall growth of company’s revenues.
Telenor posted an operating loss of Rs. 1.5 billion mainly on account of increased capex due to network swap and energy crisis.
The EBITDA margin was stable due to higher revenues being offset by a worsening of the electricity situation forcing higher diesel consumption at sites. In addition, a one-time correction for stamp duty on rental agreements was recognized. EBITDA in local currency increased by 10%.
Telenor added 199,000 customers during the quarter to reach a total of 30.16 million subscribers by September 2012. Telenor said that 215,000 of its subscriptions were postpaid while other 29.82 customers were prepaid.
ARPU for postpaid subscribers, during the reported quarter, remained Rs. 693 down from Rs. 727 an year ago during same period. ARPU for prepaid customers during Q3 2012 stood at Rs. 220.
Telenor subscribers consumed 215 average minutes per per month (AMPU) in the quarter, down from 235 minutes during previous quarter.