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Home › telenor

 

Tag: telenor

Telenor organic sales up 5% in Q4, margins under pressure

2015-02-11 09:25:00| Telecompaper Headlines

(Telecompaper) Telenor reported a strong final quarter for 2014, led by demand for smartphones and mobile data, and said it expects the organic growth to continue in 2015. Quarterly revenues rose 5 percent on an organic basis, and annual revenues were up 3 percent, in line with the company's outlook. Total revenues increased to NOK 29.11 billion in Q4 from NOK 26.33 billion a year earlier, benefiting from forex effects and the takeover in Bulgaria, as well as underlying growth at all oeprations expect Dtac in Thailand and the broadcast division, where it sold the unit Conax. Adjusted EBIDTA rose to NOK 9.09 billion from NOK 8.74 billion. Telenor said profitability was held back somewhat by handset subsidy costs, after it sold 1.5 million smartphones in the quarter. As a result, the EBITDA margin fell to 31.2 percent from 33.2 a year ago. The company's net result moved to a profit of NOK 1.77 billion from a loss of NOK 2.02 billion a year ago thanks to fewer one-time charges, and Telenor increased its dividend to NOK 7.30 per share for 2014 from 7.0 the previous year. For 2015, the operator targets mid-single digit organic revenue growth and an EBITDA margin of 33-35 percent, compared to over 35 percent in the past two years. Capex is expected at a similar ratio to sales as the 15.8 percent in 2014, excluding the costs of the broadcasting satellite.

Tags: under sales pressure organic

AsiaInfo expands European ops with new Telenor deal, office

2015-01-19 01:00:00| Total Telecom industry news

Chinese vendor to open customer support centre in Budapest, carry out BSS transformation for Telenor Hungary.

Tags: office deal european ops

Telenor CEO resigns from Vimpelcom board

2014-12-08 17:08:00| Telecompaper Headlines

(Telecompaper) Telenor CEO Jon Fredrik Baksaas has resigned from the supervisory board of VimpelCom with immediate effect in order to avoid any conflict of interest in the ongoing investigation into corruption allegations over Vimpelcom's entry on the Uzbekistan market. Telenor holds 33 percent of Vimpelcom's shares and 43 percent of the voting rights. As allowed under Vimpelcom's statues, Baksaas seconded his vote to Kjell Morten Johnsen, another Telenor representative on the board. Baksaas will focus on defending Telenor's interests in VimpelCom, and the Telenor board has appointed a special committee of board members to follow the developments at Vimpelcom. "Telenor has zero tolerance for corruption," Baksaas said in a statement. "As an owner in VimpelCom we will assist the ongoing investigations." Vimpelcom confirmed it March it was under investigation in the US and the Netherlands over its activities in Uzbekistan. The company said it was cooperating fully with the investigations. 

Tags: board ceo resigns telenor

TeliaSonera to Merge Danish Phone Business With Telenor Unit

2014-12-03 13:54:01| Appliances - Topix.net

Nordic phone carriers TeliaSonera AB and Telenor ASA agreed to merge their Danish businesses, the latest combination in a region where operators are seeking consolidation to boost sales and alleviate price competition. Each will own half of the joint venture, according to a statement from the companies today.

Tags: business phone unit danish

Telia, Telenor to merge Danish operations in joint venture

2014-12-03 08:51:00| Telecompaper Headlines

(Telecompaper) TeliaSonera and Telenor have agreed to merge their Danish operations into a new 50-50 joint venture. The two already cooperate on infrastructure sharing. Merging their business operations will create the leading operator in Denmark with 3.5 million mobile subscribers and an around 40 percent market share. The companies said the intense competitive pressure in the Danish market in recent years has limited their ability to invest. By combining their assets and customer bases, the operators expect to generate significant cost savings, freeing up cash for investment. Annual efficiency gains are estimated at at least DKK 800 million, with the full effect to be felt from 2019. The largest areas of synergy are envisaged to be distribution, sales and marketing and call centres, administrative costs, network and IT. Integration costs are expected to total DKK 800 million during 2015-2017. The new board of the company will have three representatives of each operator and a chairman agreed by both. A recruitment process will find the CEO of the joint venture. Closing of the deal is expected in 2015, pending regulatory approval from the European Commission. 

Tags: operations joint venture danish

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