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Telenor Revenues Up 22 Percent in Q3FY2011

Telenor Pakistan has posted total (mobile and non mobile) revenues of PKR 19.8 billion (NOK 1,252 million) in Q3 for fiscal year 2011, up from PKR 16.2 billion (NOK 1,169 million) a year ago during the same period – showing a whopping 22 percent increase in total revenues.

In it’s group financial statement, Telenor said that it’s Pakistani arm added 642,000 customers during the quarter and the subscription base was 15% higher than at the end of third quarter last year.

Statement said that The EBITDA margin increased by 6 percentage points mainly due to
increased gross margin and improved opex to sales ratio partly offset by increased energy costs. EBITDA in local currency increased by 47%.

ARPU in local currency increased by 5%, resulting from increased usage, partly offset by decrease in seasonal activity during Ramadan and the flooding in the South region.

Telenor said that capital expenditure continued to be focused on network capacity investments to align with current subscription growth and traffic volumes.

Each Telenor Pakistan customer, according to report, consumed 197 voice call minutes on average per month, while the Average Revenue Per User (ARPU) for prepaid stood at Rs. 221 for prepaid and Rs. 737 for postpaid customers during the reported period.

Telenor Pakistan Financial Stats for Q3 FY 2011

Here’s the Official PR for Telenor Pakistan financial results:

Telenor Pakistan, the country’s second largest cellular company, continued to perform well in the third quarter of 2011 according to the latest figures released by the Telenor Group.

It added 642,000 subscriptions during July-September, ending with 27.3 million subscribers. Number of subscribers grew 15% over the same period last year; market share remained stable at 24%.

CEO Telenor Pakistan Christian Albech, speaking about the third quarter figures, said: “Telenor Pakistan continues to grow at a sustainable pace. In Q3 we solidified our position as Pakistan’s second largest mobile operator by crossing 27 million subscribers. We also continued with planned investments in Pakistan, a testament of which was our winning the Prime Minister of Pakistan Trophy for Largest Foreign Direct Investment, an achievement we are proud of.”

A highlight of the reporting period was Telenor Pakistan and Tameer Bank’s Easypaisa services which added three new corporate accounts to its portfolio.

Customers to these websites can now pay for goods via Easypaisa: Homeshopping.pk, Pakistan’s largest online retail store; Intellect Wealth Associates, an eLearning website that helps students prepare for their Board exams; and I Dress, a platform which lets women design their clothes online.

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