Press Releases

January 1970

Telenor Pakistan quarterly figures stable for Q1 2012

Telenor Group has announced its financial results for the first quarter of 2012. According to the results Telenor Pakistan's subscriber base grew 4% over the previous quarter. It added 1.21 million subscribers as compared with 822,000 subscribers in Q4 2011, ending with a customer base of 29.3 million. Both EBITDA margin and ARPU were higher in the reporting quarter as compared with the previous quarter. SIM market share was stable at just over 24%.

Chief Executive Officer Lars Christian Iuel, in his comments following the announcement, said: "The first quarter financial results show that Telenor Pakistan continues to grow in a sustainable manner. As a company that prides itself on offering innovative services such as Easypaisa, we are committed to not only meeting our customers expectations but to exceeding them. We look forward to offering ever new products and services that are convenient to use to our customers to enable them to enjoy the benefits of telecommunications."

In the first quarter of the year, Telenor Pakistan began a major network modernization project in preparation for offering next generation services to customers. Its branchless banking service Easypaisa was recognized by the Bill & Melinda Gates Foundation when it was offered a major grant to increase adoption of its mobile financial services among Pakistan's poorest households.

Also in the reporting period, Telenor Pakistan through its partner Sybrid launched a state-of-the-art contact centre, which will help create jobs for 500 talented Pakistani individuals. Telenor Pakistan also became the first cellular operator to agree to work with the Government of Pakistan on the '8300 Voter Registration Service'.

About Telenor Pakistan
Telenor Pakistan is a provider of high quality telecommunication services in Pakistan since 2005. It has over 29 million subscribers, 3,000 employees and a nationwide network covering more than 8,000 cities. It holds a majority share in Tameer Micro Finance Bank Limited. Telenor Pakistan is 100% owned by Telenor ASA and adds on to operations in Asia

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