Saturday, November 1, 2014

Telenor reports all time highs in revenue and ebit

Link:

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“During the third quarter, we continued to drive profitability and revenue growth and reported the best quarter ever in terms of EBITDA and operating cash flow. We added 3.4 million new mobile subscribers during the period, fuelled by customer uptake in India, Bangladesh, Malaysia and our newest market Myanmar,’’ said Jon Fredrik Baksaas, President and CEO of Telenor Group.

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 “At the end of September, we launched our services in Myanmar, bringing our first customers online. Telenor started in the nation’s second-largest city of Mandalay and thereafter moved towards the metropolitan hubs of Nay Pyi Taw and Yangon. We will proceed to connect the unconnected in more towns, villages as well as rural areas and look forward to providing essential infrastructure to the people of Myanmar. On 25 October we passed the 1 million subscriber mark and we are confident this promising trend will continue,” said Baksaas.

Pretty good earnings report and real good news out of Myanmar. In fact I saw another recent article that said Telenor was already over two million subscribers in Myanmar. I continue to like Telenor as a big picture way to take part in frontier and emerging markets in Asia.

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