Telenor First quarter 2008: Continued growth and stable marginWednesday, April 30th, 2008
FORNEBU — In the first quarter of 2008, Telenor’s pro forma revenues (including Kyivstar) increased by four per cent compared to the first quarter of 2007, reaching NOK 26.3 billion.
“¢ Revenues in the Canal Digital Group increased primarily due to higher revenues from sales of additional services to subscribers, including hardware sales. The decrease in EBITDA was mainly related to increase in commissions and higher content and hardware costs.
“¢ Revenues and EBITDA in Transmission & Encryption increased due to higher revenues from digital terrestrial TV (DTT) transmission related to the start up of DTT in Norway and increased sales of conditional access cards. The analogue transmission network shut off in Norway was carried out in the first region in March 2008, and is expected to be completed in November 2009.
“¢ EBITDA in the first quarter of 2008 was negatively affected by a loss contract related to the content business of NOK 35 million.
“¢ The new satellite Thor 5, which was launched 11 February 2008 and successfully deployed to its final location 1 degree west, is included in capital expenditure for the first quarter of 2008.
|No. of DTH TV subscribers||1,134||1,134||1,136||1,152||1,142||1,126||1,128||1,131||1,124|
|No. of Cable TV subscribers||684||687||691||696||700||697||701||705||710|
|– of which in Norway||411||412||414||419||423||424||427||431||442|
|– of which in Sweden||243||245||246||246||246||242||242||242||235|
|– of which in Denmark||30||30||31||31||31||31||32||32||33|
More: 1Q08 Results