[SatNews] In the second quarter of 2012, Telenor Group reported revenues of…
…NOK 25.4 billion, representing an organic revenue growth of five percent. EBITDA before other items was NOK eight billion, EBITDA margin was 31.7 percent and operating cash flow was NOK 5.1 billion. With five million new customers added in the period, Telenor’s total subscription base has now passed 150 million. The key figures for the first quarter of 2012 are shown below.
“The Telenor Group’s improved operational performance resulted in more than five per cent organic revenue growth and solid margin improvement in the second quarter. Our presence in the Nordic region and the growing Asian economies demonstrates the benefits of the geographical diversification in the Group. Our consolidated mobile operations added five million new customers during this period, bringing the subscription base above the 150 million mark,” said Jon Fredrik Baksaas, President and CEO of Telenor Group. In Norway, we continue to invest to strengthen our superior coverage position, enable new content services and manage the rapid transition to data. So far this year, we have invested two billion Norwegian kroner and expect to invest four billion this year. I am also pleased to see our Norwegian mobile operation steadily improving its performance through healthy customer growth and lower operating expenses. The migration to bundled tariffs continues and contributes to revenue growth. The decline in fixed telephony continues and requires further efforts to maintain profitability,” he added. “We also see continued good development in Telenor Pakistan and in DiGi in Malaysia with strong growth and margins. The Broadcast business delivers another solid quarter following good performance in all areas. Challenging market conditions in Denmark and Bangladesh resulted in weaker than expected revenue development this quarter.”
To read the entire quarterly report, access this direct link.
Additionally, Telenor Satellite Broadcasting (TSBc) has pre-sold nearly its entire allocation of occasional-use capacity at the…
…1 degree West orbital position for special broadcast services during the forthcoming London Olympic Games. As well as a contract with the BBC (British Broadcasting Corporation) signed in 2011 for capacity on TSBc’s IS 10-02 satellite at 1 degree West, TSBc has agreed deals with other major broadcasters, including TV 2 Denmark and Danmarks Radio, to meet their capacity requirements throughout the Olympics, which start on July 27.
As the BBC’s preferred provider of satellite capacity during the London Olympics, TSBc will provide both its news and sports division with a combined satellite bandwidth of 54MHz. BBC Sports has booked 27MHz throughout the Olympics (with an additional 9MHz guaranteed for coverage on certain event days) which will be used in addition to its own fibre solution—thereby ensuring continuity of coverage and avoiding the risk that viewers might miss record-breaking moments in the event of technical problems. The news channel will utiluseise its allocated 18MHz of satellite capacity for live news feeds in and around London.
Danish national broadcaster, Danmarks Radio (DR) has booked 18MHz bandwidth, which it will make use of its allocated capacity for broadcast news reports and event updates from various London Olympics locations. TSBc has boosted its customer service and support team to ensure that our broadcasters enjoy smooth transmissions during this important broadcasting period.
