Telenor Group Reports High Earnings in Fourth Quarter

Jon Fredrik Baksaas CEO Telenor

Jon Fredrik Baksaas, president and CEO of Telenor. Photo: Telenor

[Via Satellite 02-13-2014] Telenor Group has reported that it has increased or maintained its market share in key markets during 2013. In the fourth quarter, Telenor had an organic revenue growth of 1 percent, which was in line with the company’s growth rate for the full year.

“The EBITDA margin for 2013 was 34.5 percent, a two percentage point improvement from the previous year. Revenue growth combined with the margin improvement, resulted in a record-high EBITDA of 36 billion Norwegian Krone ($5.9 billion) for the year,’’ said Jon Fredrik Baksaas, president and CEO of Telenor Group.

The company reported adding 17 million subscribers in 2013, mainly driven by success in its international markets; specifically India, Pakistan, and Bangladesh. “These countries still represent a significant potential for further growth,’’ said Baksaas.

In Thailand, Malaysia and Bangledesh, the most growth was for Telenor’s 3G network.

“As the world goes digital, Telenor Group is strategically managing the transition from voice to data and we will continue to focus on our Internet for All ambition, an initiative to connect the unconnected in all our markets,” Baksaas added.

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