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ABOUT TELENOR NEWS NEWS AND PRESS RELEASES FINANCIAL RESULTS FOR Q2 2013
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Financial results for Q2 2013

23 July, 2013 - Telenor Serbia revenues in the second quarter of 2013 amounted to RSD 10.568 billion, representing a 4.4% year-on-year increase.
 
Number of subscriptions is 3.2m, representing an increase of 1.1% compared to the second quarter last year. Capital investments remain intensive in 2013, focusing on further expansion and improvement of the network and the IT stack.
 
„Our operations are facing an increasingly challenging development of the Serbian economy, along with a strong competition in the market. Even in such circumstances, we will ensure that we secure a strong top line performance and build our market position further. We are committed to continue enhancing the diversity and quality of serving our customers, and increasing speed and availability of our services through substantial investments in our network and information systems.” says Erlan Netten, Chief Financial Officer of Telenor Serbia d.o.o.
 
In the second quarter of 2013, Telenor Group reported revenues of NOK 25.7 billion, representing an organic revenue growth of 2%. EBITDA before other items was NOK 8.86 billion, EBITDA margin was 34%, and operating cash flow was NOK 5.37 billion.