In Q1 2008, Telenor’s pro forma revenues (including Kyivstar) increased by four per cent compared to the first quarter of 2007, reaching NOK 26.3 billion. Underlying revenues increased by seven per cent in the same period. The EBITDA margin before other income and expenses was 35.1 per cent in the first quarter of 2008, up from 34.8 per cent in the first quarter of 2007. Telenor’s operations added more than four million subscriptions during the first quarter. “In the first quarter of 2008 we saw continued underlying revenue growth combined with a stable EBITDA margin. The appreciation of the Norwegian Krone puts pressure on our reported revenue growth. The number of subscriptions in our mobile operations reached 147 million, mainly contributed by continued high net additions in Pakistan, Bangladesh and Thailand,” said President and CEO of Telenor, Jon Fredrik Baksaas. The complete financial report may be obtained here…
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