….which represents an organic revenue growth of 7 percent. EBITDA before other items was NOK 7.4 billion, EBITDA margin was 29 per cent, and operating cash flow was NOK 3.8 billion. For the full year of 2011, Telenor’s revenues was NOK 98.5 billion, EBITDA before other items was NOK 30.5 billion, EBITDA margin was 31% percent and operating cash flow was 19.1 billion.
“The performance through 2011 once again confirms Telenor’s position as one of Europe’s fastest growing telcos, most notably with organic revenue growth of 7 percent, both for the quarter and the full year. In 2011, we added 29 million mobile subscriptions, of which 7 million in the fourth quarter,” said Jon Fredrik Baksaas, President and CEO of Telenor Group. sx“The Group’s growth momentum is driven by strong customer uptake in our Asian operations and increasing demand for data services. The results from the Norwegian operation are impacted by high market activities this quarter to speed up migration to new bundled price plans,” Baksaas said.
“The positive operational development in Uninor throughout the year continued in the fourth quarter, and we are now recognised as a growing player in the Indian market. The recent ruling from the Indian Supreme Court to cancel all telecom licences issued in 2008 severely penalizes Telenor for actions that took place before we entered India. We are working to protect our investments in all possible manners, and will consider every option prior to any further investments. We expect Indian authorities to conduct a swift and fair process,” Baksaas said. “We are confident that by using our market positions, people and capabilities, the Telenor Group will see further growth and strong performance in 2012,” Baksaas ended. To read the entire financial report, access this direct link.
