Telenor reports third-quarter 2015 results

Telenor reported third-quarter revenues of NOK 31.8 billion and organic revenue growth of 4%. EBITDA before other items was NOK 11.8 billion and the EBITDA margin remained stable at 37%. Adjusted for VimpelCom impairment, net income was NOK 3.6 billion.

Norway

Total fixed revenues decreased by 2% following reduced revenues from fixed telephony and wholesale, partly offset by increased TV, Internet and hardware revenues.

Sweden

The number of TV subscribers declined by 6,000 due to the loss of a cable TV customer.

Broadcast

Revenues in Canal Digital DTH increased by 4% due to currency effects. The effects of a lower DTH subscriber base and lower hardware sales were offset by price increases.

TV subscriptions (thousands)

                           2014           2015
             ------------------  ------------- 
              Q1   Q2   Q3   Q4   Q1   Q2   Q3
             ---  ---  ---  ---  ---  ---  ---
Fixed*              
 Norway      529  530  530  531  526  528  526
  Net Adds     2    1    0    1   -5    2   -2
 Sweden      521  517  517  520  517  490  484
  Net Adds   237   -4    0    3   -3  -27   -6
              
Broadcast              
 DTH**       920  915  914  912  905  902  900
  Net Adds    -9   -5   -1   -2   -7   -3   -2

* TV consists of TV services over fibre and cable.
** Canal Digital