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Telenor Posts 10% Growth in Revenues

Telenor Pakistan today announced its quarterly results for Q3 2016 and reported a 10% increase in revenues.

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Company said that its total revenues reached Rs. 27.01 billion during the reported duration, up from Rs. 25.62 billion from same period last year.

Growth in revenues is mainly attributed to strong subscription growth, higher incoming international traffic and continued growth in financial services.

Subscription and traffic revenues in local currency increased by 11%

Company’s interconnect revenues grew 17% during the quarter to reach Rs. 3.7 billion, up from Rs. 3.1 billion during same period last year.

EBITDA in local currency increased by 5% through the strong revenue growth, partly offset by higher rent and energy costs. Adjusted for items not related to third quarter performance, the EBITDA margin
improved by 3 percentage points and EBITDA in local currency increased by 20%.

Without revealing numbers, Telenor said that its data revenue showed notable increase, however, ARPU decreased by 4% during the reported period.

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Telenor said that its ARPU during Q3 2016 stood at Rs. 206, down from Rs. 214 from same period an year ago.

Capital expenditure was prioritised towards network roll-out with the launch of 4G services and further expansion of 3G network coverage and capacity.

At the end of the quarter, the 3G population coverage was 61%. Earlier this year, Telenor Pakistan acquired spectrum in the 850 MHz frequency band for the base price of USD 395 million.

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Tech and telecom reporter with over 15 years of experience, he works as founder of ProPakistani.PK

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