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Telenor mulling India options, needs more spectrum

2016-04-28 02:00:00| Total Telecom industry news

Norwegian telco's CEO hints at Indian exit if his company cannot secure more frequencies; Telenor writes down value of Indian unit in Q1.

Tags: options india spectrum telenor

 

Telenor grows organic revenue 1.5% in Q1

2016-04-27 08:48:00| Telecompaper Headlines

(Telecompaper) Telenor reported organic revenue growth of 1.5 percent in the first quarter and maintained its outlook for 2-4 percent growth over the full year. First-quarter revenues totaled NOK 33.0 billion, up from NOK 31.4 billion a year earlier as mobile subscription and traffic revenue growth of 6 percent offset lower handset sales and declining revenues from fixed legacy products. Telenor added 5.4 million new mobile subscribers in the quarter, of which 2.2 million in Pakistan, 1.8 million in Myanmar and 1.5 million in India. The total customer base reached 208 million. Adjusted EBITDA rose to NOK 11.7 billion from NOK 10.8 billion, driven by improvements in Myanmar and Bangladesh and positive currency effects. The margin improved one percentage point to 35 percent, ahead of the full-year target of 33-34 percent. Net profit increased to NOK 4.3 billion from NOK 3.9 billion a year ago. 

Tags: revenue organic grows q1

 
 

Telenor reports rise in Q1 revenue, profit

2016-04-27 02:00:00| Total Telecom industry news

Norwegian incumbent adds 5.4 million mobile customers driven by India, Myanmar, Pakistan.

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Telenor mulls India ops sale for USD 1.8 bln - report

2016-04-11 13:59:00| Telecompaper Headlines

(Telecompaper) Telenor plans to sell its telecom operations in India. The operator is looking for a valuation ranging between USD 1.6 billion and USD 1.8 billion (approximately INR 110 120 billion), The Economic Times reports, citing two unnamed people familiar with the matter. However, market experts claim Telenor may at best be able to get around USD 1 billion (INR 68 billion), with spectrum being the main saleable asset. A Telenor spokesperson declined to comment.

Tags: report sale india usd

 

Telenor mulls India exit

2016-04-11 02:00:00| Total Telecom industry news

Sources say Norwegian operator looking to raise as much as US$1.8 billion for Indian business.

Tags: india exit telenor mulls

 

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