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Tag: telenor

Telenor to go live in Myanmar on Saturday

2014-09-26 02:00:00| Total Telecom industry news

Network to launch first in Mandalay followed by Nay Pyi Taw and Yangon.

Tags: on live saturday myanmar

Telenor opens online bank in Serbia

2014-09-10 16:22:00| Telecompaper Headlines

(Telecompaper) Telenor has announced the opening of its first wholly-owned financial institution, Telenor Banka in Serbia, providing customers with mobile and online banking services. The digitization of cash payments and the convenience of online and mobile banking are expected to stimulate financial and economic growth in Serbia, where some 80 percent of transactions are currently performed in cash. Via an agreement with MasterCard, consumers in Serbia will be able to access the bank's own and other ATMs for money withdrawals and deposits. Telenor Banka customers will be able to open their account at Telenor service shops across Serbia. According to Kjell-Morten Johnsen, EVP and Head of Region Europe, the group is evaluating the establishment of financial services in other Telenor markets in Europe. 

Tags: online bank opens serbia

Telenor opens bank in Serbia

2014-09-10 02:00:00| Total Telecom industry news

Operator to provide online, mobile financial services in bid to reduce consumers' reliance on cash.

Tags: bank opens serbia telenor

Telenor wins permission to take sole control of Indian unit

2014-09-05 02:00:00| Total Telecom industry news

Foreign Investment Promotion Board (FIPB) approves application to buy outstanding 26% stake in Uninor.

Tags: control unit permission indian

Telenor improves FY margin outlook

2014-07-23 09:13:00| Telecompaper Headlines

(Telecompaper) Telenor improved its full year outlook, saying it now expects a higher EBITDA margin this year. In the second quarter, the margin improved to 35.9 percent from 34.4 a year ago, and the figure was up 1.3 percent points over the first half of 2014. The operator maintained its forecast for low single-digit organic growth this year, after a 1.6 percent increase in Q2. Total revenues rose to NOK 26.80 billion from NOK 25.75 billion a year ago, with only Thailand, Denmark and the Broadcast division showing lower results. Adjusted EBITDA was up to NOK 9.6 billion from NOK 8.86 billion, helped by the acquisition of Globul in Bulgaria. Net profit fell to NOK 2.32 billion from NOK 3.25 billion, hurt by a number of one-time charges associated with Telenor's stake in Vimpelcom, the sale of C More and the classifieds venture with Schibsted. Capital expenditure rose to NOK 3.96 billion excluding spectrum licences, equal to 14.9 percent of revenue. Telenor slightly lowered its full-year capex outlook to 14-15 percent of revenue, after shifting plans for satellite spending to next year. 

Tags: outlook margin improves telenor

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