Strong momentum into 2010
Friday, 7 May 2010
FE Report
In the first quarter of 2010, Telenor Group reported revenues of NOK 24 billion, representing an organic revenue growth of 3 per cent, said a press release of Telenor.
The earnings before interest, taxes, depreciation and amortization (EBITDA) margin in the first quarter of 2010 was 30 per cent, and operating cash flow margin was 20 per cent. Telenor's mobile operations added 5 million subscriptions during the quarter, reaching a total of 179 million.
"The Telenor Group started the year with a strong quarter. Current trends in the Asian and Nordic regions are positive and I am pleased to see that the Telenor Group had a rebound in organic revenue growth. Operating cash flow was close to NOK 5 billion due to a combination of strong financial results and good capital discipline," said Jon Fredrik Baksaas, President and CEO of Telenor.
"The successful completion of the VimpelCom Ltd. transaction was a milestone for the Telenor Group.
In the first quarter of 2010, Telenor Group reported revenues of NOK 24 billion, representing an organic revenue growth of 3 per cent, said a press release of Telenor.
The earnings before interest, taxes, depreciation and amortization (EBITDA) margin in the first quarter of 2010 was 30 per cent, and operating cash flow margin was 20 per cent. Telenor's mobile operations added 5 million subscriptions during the quarter, reaching a total of 179 million.
"The Telenor Group started the year with a strong quarter. Current trends in the Asian and Nordic regions are positive and I am pleased to see that the Telenor Group had a rebound in organic revenue growth. Operating cash flow was close to NOK 5 billion due to a combination of strong financial results and good capital discipline," said Jon Fredrik Baksaas, President and CEO of Telenor.
"The successful completion of the VimpelCom Ltd. transaction was a milestone for the Telenor Group.