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ABOUT TELENOR NEWS NEWS AND PRESS RELEASES FINANCIAL RESULTS FOR Q3 2012
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Financial results for Q3 2012

24 October, 2012 - Telenor Serbia revenues for the third quarter of this year reached RSD 11.347 billion, and were 10.7% higher than in the same quarter in 2011.

The number of subscriptions grew to 3.25 milion, which is a 3% growth from the third quarter last year. After the completion of the network modernization in the beginning of this year, capital expenditures were almost half of the level in the same quarter last year.

 „Despite challenging macroeconomics and fierce competition in the market, Telenor Serbia continues top line growth and further strengthens the market position. We remain determined to provide our customers with faster, secure and reliable services, and we will continue with investments in our network to facilitate this“,  says Erlan Netten, Chief Financial Officer of Telenor Serbia d.o.o.

In the third quarter of 2012, Telenor Group reported revenues of NOK 25,253 million, representing an organic revenue growth of 3%. EBITDA before other items was NOK 8,796 million, EBITDA margin was 35%, and operating cash flow was NOK 5.5 billion. Telenor’s consolidated business operations increased customer base for 11.6% compared to the same period last year, reaching 149 million subscriptions.