Telenor Group Reports Q3 2015 Results

Telenor Group reported third-quarter results at its company headquarters in Oslo, Norway today.

To find out more about the company’s Group results please visit:

http://www.telenor.com/investors/reports/2015/telenors-results-for-the-3rd-quarter-2015/

http://www.telenor.com/media/press-releases/

As part of the Telenor Group financial report, you can find figures for Telenor India on Page 7.

Commenting on the results, Vivek Sood, CEO, Telenor (India) Communications said:

“Telenor added 1 million subscriptions in India during the third quarter. At the end of September, the subscription base was 19% higher than the same quarter last year. The company continues to build on Internet users as part of Internet for All strategy and reported 41% increase in data users’ year-on-year. Currently Telenor has over 22% of users accessing data services on its network. 

In September, Telenor India acquired a refreshed brand identity and extended its commitment to deliver excellence through fair and easy services while retaining its Sabse Sasta position in the market. However, the rebranding related cost resulted in the EBITDA for the full quarter turning negative. Excluding the one-offs, Telenor continues to report second quarter of positive EBITDA.

Post the brand name refresh, we have reinforced our strategy of being most an affordable and value centric brand. Our customer centric approach and high level of transparency has established us as a trusted telecom operator in the market. The free life insurance offering is a step towards expanding security net to mass market.

Telenor is showing a positive growth trends. We have taken cognizance of the data consumption trends and through our network modernization project we are getting future ready to deliver high-speed Internet services to further delight our customers relevant services.”

About Telenor India:

Telenor (India) Communications is a wholly owned company of Norway-based Telenor Group and offers mobile telephony services under the brand Telenor. The company launched it services in 2009 and till recently was known as Uninor in the market. Telenor’s pre-paid GSM mobile services are commercially available in the six circles of UP (West), UP (East), Bihar (including Jharkhand), Andhra Pradesh, Maharashtra and Gujarat. It will soon start commercial operations in Assam. Together, these circles account for more than 50% of India’s population giving Uninor the ability to serve every second person in India.

Telenor has positioned itself as Sabse Sasta operator in India and offers value for money and relevant voice and Internet services to 47.78 million subscribers. Its three-pillar strategy of being the best in basic services, mass-market distribution and low cost operations has helped the company grow to the 4th position in customer market share in its operational six circles.

For more information, please visit www.telenor.in | www.twitter.com/telenorINnews

About Telenor Group

Telenor Group is an international provider of telecom, data and media communication services. Telenor Group has mobile operations in 13 markets in the Nordic region, Central and Eastern Europe and in Asia, as well as an economic stake of 33% in VimpelCom. Headquartered in Norway, Telenor Group is one of the world’s major mobile operators with 192 million mobile subscriptions in its consolidated operations, revenues of NOK 107 billion in FY2014, and a workforce of about 34,000. For more information about Telenor Group, please visit www.telenor.com