Press Releases

January 1970

Telenor Posts Strong Results

Islamabad July 21, 2006: Displaying strong performance all around, Telenor ASA posted impressive results in the second quarter of 2006. Telenor's revenues increased by 37 per cent compared to the second quarter of 2005, reaching NOK 22.6 billion. The underlying revenue growth was 12 per cent and the EBITDA margin increased from 34 to 35 per cent. Profit before taxes was NOK 3.9 billion. During the second quarter, the total number of mobile subscriptions increased by six million, reaching 96 million.

Telenor Pakistan, Telenor ASAs greenfield operation in Pakistan, posted significant growth for the second quarter 2006. Revenues increased by 31% compared to the first quarter of 2006, and estimated market share increased to 10%.

Speaking positively about Telenor Pakistans prospects in the local market and the customer response, Telenor Pakistan CEO, Tore Johnsen said, Telenor today is the fastest growing network in the industry, already covering more than 500 destinations within only 16 months of operations. We have set aggressive subscription and sales targets for the future. We will achieve our targets through our single-minded focus on the customer, distinct market segmentation, solid quality, and wide coverage providing value for money to different types of customers.?

After recently introducing a new brand identity in the market, followed by a series of aggressive market moves, Telenor also launched TalkShawk, the new basic offer with highly aggressive rates. With this move, Telenor Pakistan now has the most complete and segmented portfolio of products in the market, with postpaid, djuice, Azadi, and TalkShawk.

The Telenor group is an international provider of high quality telecommunications, data and media communication services. Telenor ranks as one of the biggest GSM service providers in the world with over 96 million subscribers. Telenor Pakistan is 100% owned by Telenor ASA and adds on to its operations in Asia together with Thailand, Malaysia and Bangladesh.