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Tag: telenor
Telenor boasts 6.4m Myanmar customers
2015-05-13 02:00:00| Total Telecom industry news
Operator's network covers 50% of population; still grappling with challenges including child labour.
Tags: customers
myanmar
boasts
telenor
Telenor names Asia chief Brekke its new CEO
2015-05-12 09:14:00| Telecompaper Headlines
(Telecompaper) Telenor has appointed Sigve Brekke its new CEO. Brekke joined the group in 1999 and is currently the head of Telenor's Asia operations. He will succeed Jon Fredrik Baksaas by 17 August. Baksaas steps down after 13 years as CEO. In September 2014, he extended his tenure for another year. Baksaas will continue as advisor to the board of directors until the end of 2016 and will serve as chairman of GSMA, the global industry organisation for mobile operators. Brekke's annual base salary will be NOK 5.9 million. He will also be entitled to a long-term incentive grant of 30 percent of his annual base salary. His maximum annual bonus will be 50 percent of his annual base salary.
New Telenor CEO to take over in August
2015-05-12 02:00:00| Total Telecom industry news
Norwegian telco's Asia head to become group chief executive as Baksaas steps aside.
Telenor in talks to acquire Videocon majority stake - report
2015-05-07 14:22:00| Telecompaper Headlines
(Telecompaper) Telenor, the parent company of Indian operator Uninor, is in talks to acquire a majority stake in Videocon Telecom, The Economic Times reports, citing an unnamed person familiar with the matter. Videocon has an INR 5 billion liability towards the government. "A combination is a win-win for both. Videocon wants to exit the business and Uninor needs to expand in the market to stay relevant", the source said.
Tags: report
majority
talks
acquire
Telenor organic sales up 7.6%, margins still under pressure
2015-05-06 08:43:00| Telecompaper Headlines
(Telecompaper) Telenor reported all-time high revenues in the first quarter, with organic sales growth reaching 7.6 percent. As the operator is confident it will see another good year, it has raised its 2015 guidance for organic revenue growth to 5.7 percent and its EBITDA margin expectations to 34-36 percent. The capex to sales ratio is seen at 17-19 percent, reflecting higher investments in Thailand and Myanmar in addition to the recently launched satellite. Revenues for the quarter rose to NOK 30.2 billion from 25.3 billion the year before while EBITDA before other items reached an all-time high of NOK 10.6 billion from 9.1 billion, despite start-up costs in Myanmar and continued high handset sales. The EBITDA margin went lower to 35.0 percent from 35.8 percent while the operating cash flow lifted to 6.1 billion from 5.5 billion. The net profit advanced to NOK 4.1 billion from 3.7 billion. The company added 5.9 million mobile customers during the quarter, taking total subscriber numbers to 190 million. Telenor said more than one third of all subscribers are now active.
Tags: under
sales
pressure
organic
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