Uninor, the telecom subsidiary of Telenor, posted 33.4 percent revenue growth to $167.8 million or NOK 1,362 million in Q2 2015.
Mobile ARPU of Uninor declined 12 percent to Rs 95.
Capex of Uninor increased 138 percent to $30.5 million or NOK 248 million.
Uninor has added 1.3 million subscribers.
Telenor said its revenues rose 6 percent to NOK 30.2 billion, while net income grew 57 percent to NOK 3.6 billion.
Net debt of Telenor was NOK 47.4 billion or $5.8 billion.
Just in, Q2 results! Profitability remained solid, with EBITDA before other items of NOK10.6 bn, EBITDA margin of 35% http://t.co/JBvrZpm43d
— Telenor Group (@TelenorGroup) July 22, 2015
Telenor said its Capex increased 22 percent to $812 million or NOK 6591 million in the second quarter of 2015.
Telenor Capex in regions
Norway: NOK 1039 million
Sweden: NOK 348 million
Broadcast: NOK 1537 million
Hungary: NOK 87 million
Montenegro and Serbia: NOK 102 million
Bulgaria: NOK 93 million
Thailand: NOK 731 million
Malaysia: NOK 425 million
Bangladesh: NOKA 638 million
Pakistan: NOK 292 million
India: NOK 248 million
Myanmar: NOK 863 million
Telenor is investing in 4G network expansion in Norway targeting 95 per cent population coverage by the end of this year.
In Thailand, investment in network has already resulted in a significantly improved network position on both 3G and 4G.
In Myanmar, Telenor further expanded the network, reaching 213 of a total of 330 townships at the end of June.
“We retain our focus on Internet for All as well as operational efficiency as stated in our strategy. We have made significant investments in data networks and data usage is growing rapidly. Monetizing growth in data will be a key priority for us going forward,” said Jon Fredrik Baksaas, president and CEO of Telenor Group.
“This includes developing our current digital positions within Internet of Things, online classifieds and financial services. As of the end of June, one third of our total customer base was mobile internet users,” Baksaas said.