Telenor Posts Massive Dip in Revenues During Q3 2019

Telenor Pakistan posted a negative third quarter with its total revenue reaching Rs. 25.5 billion during three months ending September 30th, 2019, down from Rs. 29.97 billion it made during the same period last year.

Company said that challenging macroeconomic situation in the country, including the inflating energy and fuel prices, devaluation in Pakistani rupee and reversal of taxes on the sector were the major reasons behind the dip.

Telenor said that the reversal of SIM tax in the third quarter last year contributed towards decline of 11% subscription and traffic revenues and a 31% decrease in EBITDA.

Company said that increased energy prices, network expansion and the devaluation of the local currency led to 8% higher opex.

Telenor’s subscription and traffic revenues decreased by 15% and EBITDA decreased by 50%.

Average Revenue Per User also dropped to Rs. 184 per user per month during the quarter, down from Rs. 217 per user per month during the same period last year.

Telenor said that its subscriber base increased by 0.5 million, and the subscription base is now at a level which is 3% higher than last year.

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

  • If only they had kept an eye on the quality of services they are offering now days. seldom see 4G symbol on my phone

  • Telenor lies, only one thing of their decline is worst 4g that is not even 2g.peole use Jaz and zong for data

  • Telenor definitely goes to perils if same service continued in future. Sooner or later we all family members ejects their telenor sims becoz of bad service they are providing at district Chitral

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