Telenor India today said its revenue in Q3 2016 was $186.89 million or NOK1,545 million against NOK 1,411 million in Q3 2015.
Telenor India is facing impairment loss of NOK 4.1 billion following assessment of fair value, and impairment of Q3 Capex (capital expenditure). The telecom network operator said assessment of fair value triggered NOK 4.0 billion impairment.
Subscriber base of Telenor India grew to 45 million (+9 percent) .
Telenor India achieved 10 percent organic growth in subscription and traffic revenues.
EBITDA margin of Telenor India was 9 percent, supported by higher revenue growth and cost focus.
Telenor India did not participate in spectrum auction in October 2016.
Key figures Telenor Group
| (NOK in millions) |
Q3 2016 |
Q3 2015 |
YTD 2016 |
YTD 2015 |
| Revenues |
32 794 |
31 836 |
98 284 |
94 688 |
| Organic revenue growth (%) |
1.8 |
4.5 |
1.3 |
5.7 |
| EBITDA before other income/ expenses |
12 459 |
11 848 |
35 689 |
33 338 |
| EBITDA margin before other income/expenses (%) |
38.0 |
37.2 |
36.3 |
35.2 |
| Profit after taxes and non-controlling interests |
(4 821) |
(1 770) |
546 |
5 539 |
| Capex excl. licences and spectrum/Revenues (%) |
15.3 |
17.9 |
16.1 |
18.0 |
| Capex/Revenues (%) |
15.8 |
19.9 |
19.7 |
18.8 |
| Mobile subscriptions – Change in quarter/Total (million) |
(0.9) |
5.2 |
211 |
196 |
Telenor Global
Telenor invests $604.3 million in 3Q2016
Telenor revealed its third quarter results today, with a capex, excluding licences and spectrum, was at $604.3 million or NOK 5.0 billion.
The company revealed that the capex in the third quarter was driven by 3G and 4G network expansion in Thailand, Norway and Myanmar.
Licence investments of NOK 0.2 billion were done during the quarter.
Capex increased by NOK 1.6 billion year-to-date.
Capex in the broadcast business was invested in the acquisition of a new spectrum licence in Pakistan and higher investments in Norway, Bangladesh and India
Net third-quarter revenue saw a 3 percent rise at NOK 32.8 billion.
The hike was attributed to ARPU uplift in Bangladesh and Pakistan as well as continued growth in Myanmar.
A hindrance to revenue growth was the lower outbound roaming revenues in the Scandinavian operations and intense competition in Thailand and Malaysia.
Mobile subscription & traffic revenues went up by 2 percent.
Net mobile subscriptions saw a small fall at 211 million.
The biometric verification process in Bangladesh where unverified subscriptions churned during the third quarter, was partially blamed for the fall.
Total number of mobile subscriptions went up by 15 million, with active data users hiking to reach 43 percent of the mobile subscriptions.
Indian Scenario
In India, the number of subscriptions fell to 186,000 during the third quarter.
By the end of the quarter, the subscription base was 9 percent higher than the same quarter last year.
Revenues in rupee rose by 12 percent in 3Q16 compared to the 3Q15.
Also, subscription and traffic revenues in local currency increased by 10%.
Third-quarter capex at NOK 131 mn saw an effect of purchase orders from previous quarters related to network modernization.
Vina Krishnan
editor@telecomlead.com
