Continued environment challenges impact Telenor results in Q2 2012

The challenging macro-economic environment that marked the first quarter this year has continued to influence business operations in the second quarter as well.

Telenor’s revenues in Q2 2012 reached 18.9 million Euros, which is 3.7 percent less than in the same period last year. The EBITDA margin decreased by 15.7 percentage points to 30.6 percent, resulting from reduced revenues and increased expenditures. Excluding one-off effects, the EBITDA margin decreased by 6 percentage points. The SIM market share at the end of Q2 2012 was 39.7 percent.

Telenor CEO, Kaaren Hilsen said that “despite the challenging macro-economic environment Telenor remains committed to strengthening our technology position and commercial offers in order to provide greater value for our customers’’.

“Our dedication to customers’ needs resulted in several new services being introduced in the past period, making communication easier and more affordable with greater cost controls.”, said Telenor CMO Brad Byblow.

Telenor, as general sponsor of Olympic committee, organized several activities in the past period to support, promote and encourage sporting spirit and development in Montenegro.