Pannon reports third quarter results (Hungary)Hungarian cellco Pannon, owned by Norway’s Telenor Group, has posted third quarter results showing year-on-year EBITDA improved 5.4% to HUF20.7 billion (USD11.8 million), on the back of slightly reduced turnover, down 1.3% to HUF48.9 billion. Subscriber monthly ARPU decreased by 8% y-o-y to HUF4,729 in the three months to 30 September, while subscriber numbers themselves increased to 3.22 million, from 2.98 million twelve months ago.Pannon was Hungary’s second-placed cellco by subscribers at the end of June this year with a 32.3% market share, behind T-Mobile Hungary (45.7%) but ahead of Vodafone Hungary (22%).
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