Telenor reported fourth-quarter revenues of NOK 33.5 billion (around U$ 3.86 billion) and revenue growth of 2%. EBITDA before other items grew 10% on an organic basis to NOK 10.9 billion (around 1.26 billion). The EBITDA margin was 32%. Telenor added 6.6 million mobile subscribers during the fourth quarter, taking the total number of customers to 203 million worldwide.
In Thailand, dtac added 400,000 customers during the quarter, with growth both in prepaid and contract segments. While competition remains intense, dtac continued its 3G and 4G network roll-out and has made significant quality and coverage improvements during 2015. Performance in Malaysia was hampered by intense competition on data and international calls, as well as a weakening currency.
Telenor’s operations in Bangladesh and Pakistan show strong performance, both in terms of subscriber growth and profitability. Telenor Myanmar has made impressive progress in its first year of operation, and ended the year with 14 million subscribers. Sigve Brekke, Chief Executive Officer of Telenor Group said “Five per cent organic revenue growth and five per cent organic EBITDA growth in 2015 shows the strength of our portfolio of operations. We are, however, entering 2016 with increased competition in some of our key markets, and it will be my key priority to secure focus on profitable growth and cost efficiency,”
