Telenor Q3 Capex up 5% to $589 mn, India revenue up 38% to $162 mn

Telenor Group today said its Capex (Capital spending) increased 4.9 percent to $589 million or NOK 3,914 million in Q3 2014.

The $589 million Capex does not include spectrum and license. Overall Capex — including infrastructure, license and spectrum of Tenor decreased 14 percent to $727 million or NOK 4,808 million.

The main focus of Telenor Capex was in data networks. The telecom service provider retained its Capex to sales ratio at 14 to 15 percent for the current year. During the third quarter, Capex to sales ratio (excluding spectrum and license) dipped to 14.1 percent to 14.4 percent.

The Norwegian telecom operator said its Q3 2014 revenue rose 3.5 percent to $4.2 billion or NOK 27.7 billion.

Uninor

Uninor, the 100 percent subsidiary of Telenor, posted revenue of NOK 1,074 million or $162 million with 38 percent growth in the third quarter of the current year.

“We added 3.4 million new mobile subscribers in Q3 2014, fuelled by customer uptake in India, Bangladesh, Malaysia and our newest market Myanmar,” said Jon Fredrik Baksaas, president and CEO of Telenor Group.

Telenor Capex break-up

The ARPU of Uninor grew 4 percent to Rs 104. The India mobile subscriber base of Uninor reached 34,363,000. Uninor Capex was $27 million or NOK 176 million in Q3.

Telenor Capex

Uninor said it added 1.8 million net subscribers. Uninor has 18 percent active Internet users. It added 3,100 new telecom sites in Q3 to reach 4,420 for the current year.

Telenor India Capex

Telenor 4G

Telenor said it expanded its 4G LTE network in Norway and resulted in robust revenue growth in the third quarter.

In Thailand, dtac is stepping up its investment in 3G and 4G networks. The migration to the new 3G license continues to drive regulatory cost savings.

In Myanmar, Telenor crossed the 1 million subscriber mark.

“Out of our total customer base of close to 180 million subscribers, some 29 percent are currently active internet users. To capture this growth potential, we will continue to offer affordable and relevant services, thereby stimulating demand and consequently monetizing internet usage,” said Baksaas.

Baburajan K
[email protected]