Telenor Pakistan: 22% Market Share. Anticipates Cash Flow Break-Even In 2010
Telenor Pakistan is making good progress towards an anticipated cash flow break-even in 2010, with the unit increasing revenue for the quarter by 19.6% compared to the same period a year earlier. Telenor Pakistan market share is now 22%, driven by strong organic growth in 2009.
• Organic growth – 766k net subscriber growth boosted by 50% reduction in activation tax.
• ARPU remains stable – consistent with market conditions
• Revenue growth driven by higher subscriber base
• Profit margins edge higher – the EBITDA margin of 24% was the highest quarterly EBITDA margin reported so far by Telenor Pakistan.
• Network investments are still low, some catch-up expected in Q4
Source: Telenor Website – 3Q Report




TelecomPk.Net is a leading source of information and analysis about Pakistan Telecom industry. 