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Telenor Group Reports Q3 2015 Results

Telenor Group reported third-quarter results at its Telenorcompany headquarters in Oslo, Norway today.

To find out more about the company’s Group results please visit:

http://www.telenor.com/investors/reports/2015/telenors-results-for-the-3rd-quarter-2015/

http://www.telenor.com/media/press-releases/

As part of the Telenor Group financial report, you can find figures for Telenor India on Page 7.

Commenting on the results, Vivek Sood, CEO, Telenor (India) Communications said:

“Telenor added 1 million subscriptions in India during the third quarter. At the end of September, the subscription base was 19% higher than the same quarter last year. The company continues to build on Internet users as part of Internet for All strategy and reported 41% increase in data users’ year-on-year. Currently Telenor has over 22% of users accessing data services on its network.

In September, Telenor India acquired a refreshed brand identity and extended its commitment to deliver excellence through fair and easy services while retaining its Sabse Sasta position in the market. However, the rebranding related cost resulted in the EBITDA for the full quarter turning negative. Excluding the one-offs, Telenor continues to report second quarter of positive EBITDA.

Post the brand name refresh, we have reinforced our strategy of being most an affordable and value centric brand. Our customer centric approach and high level of transparency has established us as a trusted telecom operator in the market. The free life insurance offering is a step towards expanding security net to mass market.

Telenor is showing a positive growth trends. We have taken cognizance of the data consumption trends and through our network modernization project we are getting future ready to deliver high-speed Internet services to further delight our customers relevant services.”

Filed in: News

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