Karachi: Telenor added 642,000 subscriptions in July-September to increase its base at 27.3 million subscribers, its quarterly reported released recently said. The number of subscribers grew 15% over the same period last year whereas market share remained stable at 24%.
The ARPU in local currency increased by 5%, resulting from increased usage, partly offset by decrease in seasonal activity during Ramadan and the flooding in the South region.
Total revenues in local currency increased by 22% due to higher subscription base, increased ARPU in addition to financial services.
The EBITDA margin increased by 6 percentage points mainly due to increased gross margin and improved opex to sales ratio partly offset by increased energy costs. EBITDA in local currency increased by 47%.
Capital expenditure continued to be focused on network capacity investments to align with current subscription growth and traffic volumes.
CEO Telenor Pakistan Christian Albech, speaking about the third quarter figures, said: “Telenor Pakistan continues to grow at a sustainable pace. In Q3 we solidified our position as Pakistan’s second largest mobile operator by crossing 27 million subscribers. We also continued with planned investments in Pakistan, a testament of which was our winning the Prime Minister of Pakistan Trophy for Largest Foreign Direct Investment, an achievement we are proud of.”
A highlight of the reporting period was Telenor Pakistan and Tameer Bank’s Easypaisa services which added three new corporate accounts to its portfolio. Customers to these websites can now pay for goods via Easypaisa: Homeshopping.pk, Pakistan’s largest online retail store; Intellect Wealth Associates, an eLearning website that helps students prepare for their Board exams; and I Dress, a platform which lets women design their clothes online
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