February 13, 2011

Telenor posts envious growth with 25m subscribers


STAFF REPORT ISLAMABAD: The Telenor Pakistan has been declared Pakistan’s second largest cellular company as it continued to out-perform the industry by registering above average growth.

According to the results of the fourth quarter of 2010, the number of subscribers reached 24.7 million by December 2010, showing a year-on-year growth of 10 per cent. EBITDA margin has remained strong in the quarter, growing by 9 per cent as compared to the same period last year. “This shows the sustained growth both in the last quarter of 2010 and throughout the year. Telenor Pakistan continues to show solid performance in the face of a number of challenges such as the widespread floods, power shortages and the security situation,” Jon Eddy Abdullah, CEO Telenor Pakistan, said this while commenting on the results.

He said that for 2011, the company looks up to the government to rationalize the taxation structure for the telecom sector to ensure the industry continues to contribute long-term to the economy of Pakistan.

In the previous quarter, Telenor Pakistan along with its partner Tameer Microfinance Bank received global recognition for easypaisa when they were presented the ‘Best Mobile Money Transfer Entrant of the Year Award’.


http://www.technologytimes.pk/mag/2011/feb11/issue02/telenor_posts_envious_growth.php

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