Telenor Pakistan Posts Positive Q1 2016

Telenor Pakistan posted its revenues of Rs. 25.95 billion during first quarter of 2016, up by 9% from same quarter of previous year.

Growth in revenues is said to be supported by continued growth in financial services, higher incoming international traffic, higher ARPU and mainly due to one-time record correction in previous year’s figures.

Growth in incoming international traffic contributed with 6 percentage points of the reported growth.

ARPU in local currency increased by 11% to reach Rs. 206 per user per month, up from Rs. 185 per user per month during same period last year.

This growth in ARPU is primarily due to the disconnection of unverified SIM cards, high growth in data usage and increased incoming international traffic.

Telenor_Q1_2016_01

Telenor said that its subscription and traffic revenues in local currency increased by 2%.

The EBITDA margin decreased by 2 percentage points, primarily explained by the positive one-time effect from reversal of accruals last year. In addition, the abolishment of the SIM activation tax from
1 July 2015 has a positive impact on the EBITDA margin.

Capital expenditure was prioritized towards expanding 3G network coverage and capacity. At the end of the quarter, the 3G population coverage was 55%.

The number of subscriptions increased by 2.2 million during the quarter. The subscription base is now back at par with first quarter last year, despite having disconnected unverified SIM cards in the second quarter of 2015.

During the quarter Telenor purchased the remaining 49% stake in Tameer Microfinance Bank, making it a wholly owned subsidiary.

Telenor_Q1_2016

Tech reporter with over 10 years of experience, founder of ProPakistani.PK


  • Zafar Abbas Rizvi

    This is Telenor’s Super Fast 3G in Faisalabad. I Believe No Other 3G operator in the world can match this blazing super fast 3G speed.

    • Aon Bilal

      Telenor 3g Speed Test Ha 4G Cloud Unlock Main Kia Ha Islamabad E-11

      • Aon Bilal

        It’s Proof Telenor 3g

        • Zafar Abbas Rizvi

          Yeh Zong ki device unlock ki hui hai?

          • Aon Bilal

            Yes

            • Zafar Abbas Rizvi

              How. Mere paas b hai main b karna chahta hun

              • Aon Bilal

                Easley Olx Par Unlock Karny Waly Available Hain 150 To 300 Main Ho Gay G

                • Zafar Abbas Rizvi

                  Olx pe? Kon c jagah i mean city?

                  • Aon Bilal

                    Islamabad Se Karwai Ha
                    Ye 200 Tak Kar Day Ga
                    +92 345 8858736

                  • Aon Bilal

                    3 Step Hain Ap Khood Bhi Kar Sakty Hain
                    1st Devices Ko Open Kar K Jumper Lagana
                    2nd Huawei e5573 Or Other Model K Driver Install Karna
                    3rd Zong 4G Cloud K Frimwear Ko Downgrade Karna

                  • Aon Bilal

                    YouTube Par Zong 4G Cloud Unlock, Downgrade, Or Jumper Lagana Serch Kar Lain

      • Zafar Abbas Rizvi

        Aon bhai hamaray Fsd myn to telenor samjho fout hi ho gaya hai. Zong aur Mobilink better hai aur ufone qabil e guzara. Telenor se to baqiyon ka 2G acha hai

        • Aon Bilal

          Telenor Mostly User Pendo Jis Ki Waja Se Telenor Total Useless Ha

  • Muhammad Ashraf

    i am sure this is last time they are posting profit if they don’t take care of 3g data speeds.

  • Hamza Raza

    What is the source of this result?

  • INDIAN

    Telenor India posts huge operating loss, seeks spectrum at reasonable rates to continue operations

    Telenor India has posted huge operating loss at NOK 3100 million in the first quarter, due to NOK 2.9 billion in impairment and write-down, the company said, and threatened to exit the Indian market if it fails to get spectrum at reasonable rates.

    While announcing the global results, Telenor global CEO Sigve Brekke said the company’s long terms presence in India is dependent on its ability to secure additional spectrum.

    Telenor is looking at solution to procure spectrum and a price that we can justify, Brekke said, adding that the company is now looking at upcoming auctions and also looking at potential trading options.

    Telenor said that the operating profit was negatively impacted by NOK 2.9 billion in impairment and write-down. “As a consequence of recent development in observed spectrum trading prices and updated assumptions of contractual obligations, Telenor recognized an impairment loss amounting to NOK 2.3 billion related to tangible and intangible assets in Telenor India. NOK 0.6 billion in non-interest-bearing receivables have also been written down during the quarter,” the company said.

    During the quarter, Telenor’s Indian operation added 1.5 million subscriptions, while the subscription base was 15% higher than the same quarter last year.

    The company’s ARPU in local currency fell by 8% to Rs 90, primarily driven by lower voice consumption and the impact from reduced mobile termination rate, partly compensated by increased data usage.

    The company’s overall india revenues stood at NOK 1 520 million, up from NOK 1383 million for an year earlier period.

    Capex also increased in the quarter at NOK 409 million, from NOK 109 million last year. The EBITDA improved as result of the revenue growth and positive effects from the ongoing network modernisation programme, including one-off positive impact of NOK 26 million related to settlements with various vendors.