Financial results for Q3 of 2010
October 27, 2010 - Telenor in Serbia recorded revenues of NOK704 million (or around EUR86.7 million) in the third quarter of this year, or 8% less y-o-y.
The number of subscriptions of Telenor, which operates within Norway’s Telenor Group, increased by 102,000, to 2,984,000, and the mobile subscription market share increased to above 35%.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) in local currency rose by 10%, as a result of stricter cost control. Capital expenditures were reduced due rescheduling investments for the next year.
At the global level, Telenor reported revenues of NOK24.1 billion in the third quarter of 2010, or 6% more than in the same period last year. EBITDA reached NOK7.9 billion. In the third quarter of 2010, the subscription base of Telenor grew by 7 million, to 191.4 million.