Telecom Lead India: Uninor, the Indian subsidiary of Telenor, has posted 3.1 percent increase in third quarter revenues to 863 million Norwegian crowns from 837 million Norwegian crowns in the same quarter last year.
This is despite Uninor reducing its telecom business significantly in India following the spectrum controversies.
On Wednesday, Telenor, which has over 150 million subscribers across Europe and Asia, said earnings before interest, taxes, depreciation and amortization (EBITDA) rose 6.1 percent to 8.796 billion crowns ($1.53 billion).
Total revenues increased to 25,253 million Norwegian crowns from 24,631 million Norwegian crowns.
Telenor also slightly lowered its full-year revenue growth guidance to around 4 percent, from a previous target for above 4 percent, according to a report in Reuters.
Telenor reported the following revenues and earnings before interest, tax, depreciation and amortization (EBITDA) by division for the third quarter. The figures are compared to the same period a year earlier and against analysts’ average forecasts (in millions of Norwegian crowns).
Q3 2012 Q3 2011
NORWAY:
Revenues 6,439 6,297
EBITDA 2,972 2,699
SWEDEN
Revenues 2,716 2,432
EBITDA 805 663
DENMARK
Revenues 1,330 1,713
EBITDA 307 479
HUNGARY
Revenues 1,060 1,186
EBITDA 321 448
SERBIA
Revenues 720 779
EBITDA 284 326
MONTENEGRO
Revenues 194 198
EBITDA 110 105
DTAC
Revenues 3,998 3,577
EBITDA 1,270 1,281
DIGI
Revenues 2,997 2,766
EBITDA 1,349 1,296
GRAMEENPHONE
Revenues 1,660 1,676
EBITDA 857 972
PAKISTAN
Revenues 1,373 1,252
EBITDA 486 450
UNINOR INDIA
Revenues 863 837
EBITDA -408 -849
BROADCAST
Revenues 1,629 1,708
EBITDA 550 516
OTHER UNITS
Revenues 1,165 1,150
EBITDA -102 -95
ELIMINATIONS
Revenues -891 -941
EBITDA -3 -1
TOTAL REVENUES 25,253 24,631
TOTAL EBITDA, REPORTED 8,796 8,292
