Norway-based telecom group Telenor reported that during the second quarter of current year company’s overall revenue reaches to 52.4 % which was 46.2% in the last year. In second quarter of 2015, Telenor generated revenue of 30.17 billion kroner up from 25.65 billion kroner in the same quarter the previous year.
Asia Becomes the Biggest Market for Telenor Group as the operator has Highest Growth Rate in the Region
Sigve Brekke Executive VP of Telenor and head of Asia operations said that:
“Asia now accounts for 90% of Telenor’s customers, almost 50% of revenue and 50% of the profit, so Telenor is now half an Asian company,”
He also said while speaking to a small group of journalists from Telenor Asia’s office in Bangkok.
“I remember back in 2000, everyone was in Asia – BT, Deutsche Telecom, France Telecom, the Americans – Verizon and AT&T too. Today only Telenor is left with the only exception [being] Vodafone in India. Only Telenor has as Asian platform,”
Telenor first moved into Asia in Bangladesh in 1996 which was a test project. In 1999 Malaysia followed it, Thailand in 2000, Pakistan in 2005, India in 2008 and most recently Myanmar last year
In Thailand revenues are increased by 26.9% in second quarter of 2015. Telenor’s CEO Jon Fredrik Baksaas said:
“In Thailand, competition remained intense in the second quarter. Dtac is going through a comprehensive turnaround process, which on the network side has already resulted in a significantly improved network position on both 3G and 4G,”
In Thailand, Dtac had 26.9 million subscribers at the end of June, down compared to 28.04 million subscribers at the end of second quarter of 2014.
He also added about the Myanmar’s profit:
“In Myanmar, performance continues to exceed our expectations. In July we passed 10 million subscribers. Customers’ strong demand for voice and data services keeps driving revenue and profitability. During the quarter we further expanded the network, reaching 213 of a total of 330 townships at the end of June,”
In Malaysia firms operate under the Digi brand, Telenor’s revenue expanded by 13% year-on-year in second quarter. At the end of the quarter, 3G and 4G network population coverage was 87% and 40%, respectively. Digi ended second quarter with a total of 11.81 million subscribers which was 10.90 million at the end of second quarter of 2014.
Meanwhile, in India, Telenor reached a total of 39.85 million subscribers, after a net addition of 1.3 million subscribers during the second quarter.
In Pakistan and Bangladesh, Telenor ended second quarter of 2015 with 31.59 million and 53.2 million subscribers, respectively. In Pakistan, the number of subscriptions decreased by 5 million due to the disconnection of unverified SIM cards. It is also worth mentioning here that in Pakistan Telenor is the leading 3G operator with 3,857,265 subscribers as per PTA updated stats.
In Bangladesh Telenor operates under the Grameenphone brand, the company recorded a net addition of 1.1 million subscribers during the second quarter.
Sigve Brekke also said:
“Hopefully we are able to build up relationships so entrance to this area is possible. We hope we are being seen as a part of the solution and not part of the problem,”