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Wireless Federation » archive for 'Telenor'

Paktel market shares is projected to be 6.4% in 2010 (Pakistan)

  • August 21st, 2008
  • 1:04 pm

Pakistan has transformed from a regulated state-owned monopoly telecom market to a deregulated competitive structure very challenging. Penetration of fixed-line and Internet services remain low. The mobile market has taken off, with high annual growth and it’s looking like a sustained development phase. The Internet market certainly has huge potential, but there is a long way to go. Operators covered for Pakistan include: Mobilink, Ufone, Paktel, Instaphone, Telenor, and Warid Telecom.

Notable highlights of Pakistan Mobile Forecast include:

  • Pakistan will continue to see reductions in ARPUs over the forecast period of 2008 - 2010. In 2010, Pakistan will have the average ARPU level of US$ 2.84, which is the lowest ARPU in our coverage list of countries.
  • Pakistan will see its wireless penetration level increase from a projected 58.7% in 2008 to a forecasted 71.6% in 2010. This would make Pakistan the most highly penetrated market in South Asia.
  • The largest operators in Pakistan are Mobilink, Ufone, Telenor and Warid Telecom; they will have market shares (by subscribers) of 36.1%, 19.3%, 21.2% and 17.3% respectively in 2010.
  • In addition, a smaller operator, Paktel, is growing rapidly. Its market share will increase from our projected 3.7% in 2008 to a forecasted 6.4% in 2010.

Telenor to appeal a ruling to pay damages of $2.8 billion to Vimpelcom (Russia)

  • August 18th, 2008
  • 7:47 am

Telenor, Norwegian telecom group, has reportedly decided to appeal a ruling by a Russian court to pay damages of $2.8 billion (1.9 billion euros) to Vimpelcom.

“Telenor believes the ruling is unfounded, and will pursue all possible legal remedies to reverse the decision,” the company stated.

According to Telenor, a Siberian court has ruled in favour of a minority shareholder, Farimex Products, in Vimpelcom which had complained that Telenor delayed for a year the takeover by the Russian mobile phone group of Ukrainian Radio Systems.

“The court stated that the damages should be paid to Vimpelcom. Although named as a third party in Farimex’s complaint, Vimpelcom has not participated in the case,” Telenor said.

   

Montenegro has 1.22 million mobile phone users, double the population of the country (Montenegro)

  • August 14th, 2008
  • 9:54 am

According to the reports of Montenegro’s telecommunications agency, the country’s registered mobile phone users are nearly double the population. While Montenegro has some 620,000 citizens, the number of mobile phone users reached 1.22 million, by the end of June.

Montenegro has three mobile phone operators: the leader being Deutsche Telecom’s T-Mobile, followed by Norwegian Telenor’s Promonte and Serbian state-run Telecom.

   

Telenor shows interest in HTCC stake bid (Hungary)

  • July 30th, 2008
  • 1:21 pm

Norwegian operator Telenor plans to bid for 68% stake in US- listed alternative operator Hungarian Telephone and Cable Corporation (HTCC). The second largest local fixed line telecoms operator in Hungary (HTCC), which markets itself under the Invitel banner, has around 700,000 customers; it acquired Invitel for $640 million in early 2007.

Major reason to bid for HTCC stake is its sales. Apart from Telenor other bidders  in the first round are Mid Europa Partners and GMT Communications Partners.

Grameenphone to raise IPO worth $300 million (Bangladesh)

  • July 25th, 2008
  • 12:33 pm

Grameenphone, Bangladesh’s biggest mobile operator, has approved plans for the country’s largest initial public offering. Grameenphone,62 percent owned by Telenor and 38 percent owned by local Grameen Telecom, is expected to apply to list on the country’s two main stock exchanges by the end of the month.

It plans to raise 300 million dollars through the IPO, half by floating shares on the Dhaka and Chittagong bourses and the other half by selling pre-IPO shares.

 

   

Telenor is now the second largest operator in Pakistan (Pakistan)

  • July 24th, 2008
  • 11:24 am

Telenor Pakistan has announced its financial results for the April to June quarter, which showed that the company contributed 23 per cent to the Group’s 12 mobile operations net addition and became the second largest operator in Pakistan with more than 18 million subscribers.

The company, which is already the largest European direct investment in Pakistan with about $2 billion already invested, continued spending heavily on network expansion and services during Q2, 2008.

Highlighting Telenor Pakistan’s contribution, President and CEO of Telenor Group, Jon Fredrik Baksaas, said, “The number of subscriptions in our mobile operations reached 153 million at the end of the quarter, with growth mainly coming from Bangladesh, Pakistan and Thailand.”

The Telenor Group secured six million new subscriptions during the timeframe. Telenor is now ranked as the world’s seventh largest mobile operator with more than 153 million subscriptions in its mobile operations. The high underlying revenue growth continued in the second quarter of 2008, compared to the previous year. Telenor Group’s revenues increased by 7 per cent.

   

DTAC’s profits rise by 193% (Thailand)

  • July 24th, 2008
  • 9:51 am

DTAC, Thailand’s second largest cellco by subscribers, has reported that its second-quarter net profits rose by 193% year-on-year to USD117 million (THB3.9 billion), up from THB1.33 billion a year earlier, and THB2.35 billion in the previous quarter.
The GSM operator, controlled by Norway’s Telenor, also reported a 45% year-on-year rise in second-quarter EBITDA, and a 181% increase in EBIT. Capital expenditure was down by 4% y-o-y in the quarter, which DTAC ended with 17.433 million subscribers, up from 16.656 million at the end of March 2008 and 14.476 million at mid-2007.

   

Telenor lowers it’s annual sales growth forecast (World)

  • July 23rd, 2008
  • 10:54 am

Telenor lowered its annual sales growth forecast, as it has started feel the pressure from high inflation in emerging markets such as Bangladesh, Pakistan and Thailand.

The Norwegian company now expects annual sales up around 3 percent, versus a previous estimate for 5 percent growth, but maintained its EBITDA margin estimate of over 31 percent. In the second quarter, revenues rose 3 percent from a year earlier to NOK 27.18 billion, while adjusted EBITDA increased to NOK 9.32 billion from NOK 9.25 billion, giving a margin of 34.3 percent. Net profit fell to NOK 3.54 billion from NOK 3.86 billion a year ago due to foreign exchange charges.

   

Mobilink leads as mobile penetration in Pakistan surpasses 50% in Q2′08 (Pakistan)

  • July 23rd, 2008
  • 7:42 am

The growth rate of mobile connection in Pakistan has been slowing, with the monthly growth rate hiting a new low of 1.5%, in June. On a rolling annual basis, growth dipped below 40% for the first time since 2000, although 39.4% still represents a strong annual rate.

Mobile penetration in Pakistan surpassed 50% during the second quarter of 2008, with an end-June figure of 51.0%. The total number of mobile connections at the end of the month was 88.02m. With monthly net additions averaging around 1.9m so far this year, the 90m mark looks set to be surpassed before the end of the third quarter.

Pakistan adds 1.3 million mobile subscribers in the month of June (Pakistan)

  • July 15th, 2008
  • 2:21 pm

Pakistan has added 1.3 million mobile subscribers in the timespan of one month. The figure from 86.69 million in the month of May reached a new high of 88.02 million, according to the figures from market regulator PTA.The mobile teledensity rose from 53.9% in May to 54.4% in June, showing a growth of 0.5% in a month.
Mobilink became the market leader with 32.03 million subscribers alone. Next came Telenor, with a huge gap of 13.90 million, it stood at 18.13 million subscribers. Ufone acquired the third place with 18.1 million subscribers.Warid at 15.49 million was followed by 3.95 million Zong subscribers. Instaphone remained stagnant to it’s figures for the month of April i.e. 321,204 subscribers.