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In the second quarter of 2015, Telenor Group reported revenues of NOK 30.2 billion and organic revenue growth of 6%. EBITDA before other items was NOK 10.6 billion, the EBITDA margin 35% and operating cash flow NOK 4 billion. Net income rose 57 per cent to NOK 3.6 billion kroner in the quarter, implying earnings per share of NOK 2.42. During the first six months of the year the company reported record-high revenues and an all-time high EBITDA compared with the same period in previous years.

“Telenor continued to deliver encouraging results for the second quarter. We reported more than NOK 30 billion in revenues and organic revenue growth of 6 per cent. Profitability remained solid, with EBITDA before other items of NOK 10.6 billion and an EBITDA margin of 35 per cent,’’ said Jon Fredrik Baksaas, President and CEO of Telenor Group.

“In Norway, the mobile trends seen over the last quarters persisted during the three months through June. Customers more than doubled their data usage in the period, which resulted in mobile service revenue growth of 6 per cent. The increasing mobile data consumption is supported by strong growth in 4G coverage and 4G devices. We are continuing to expand our 4G network across the country targeting 95 per cent population coverage by the end of this year,” said Baksaas.

“In Thailand, competition remained intense in the second quarter. dtac is going through a comprehensive turnaround process, which on the network side has already resulted in a significantly improved network position on both 3G and 4G. The ongoing transformation of dtac’s sales and distribution model is key for future success in this competitive market,” said Baksaas.

“In Myanmar, performance continues to exceed our expectations. In July we passed 10 million subscribers. Customers’ strong demand for voice and data services keeps driving revenues and profitability. During the quarter we further expanded the network, reaching 213 of a total of 330 townships at the end of June. The speed of our network expansion is the key challenge in a nation where approximately 70 per cent of the population lives in rural areas,’’ said Baksaas.

“We are pleased to see solid performance in Pakistan during an eventful quarter. Traffic revenues in Pakistan are fairly stable despite the mandatory biometric verification of the subscriber base that ended in May, resulting in a customer base of 31.6 million at the end of the quarter. Sales and market activities have picked up significantly during the second quarter, and consumption trends are encouraging,” said Telenor Group’s CEO Baksaas.

“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. Successfully monetising this exponential growth in data will be a key priority for us going forward. This also 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. This highlights the appetite for data and the opportunities that lie ahead. Mobile internet access enables digital inclusion and opens opportunities for all. From this strategy platform I am happy to see Mr Sigve Brekke coming in as the new CEO from 17 August, continuing to develop Telenor Group,” said Baksaas.

“Based on the performance in the first half of the year and our expectations for the rest of the year, we maintain our guidance for 2015,” concluded Baksaas.

Click here to read the full press release
Click here to refer to Telenor’s quarterly report

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(Oslo, Norway, June 22, 2015) Telenor Satellite today announces that THOR 7, which was successfully launched into geostationary transfer orbit on board an Ariane 5 launcher on April 26, 2015, has now completed its in-orbit testing and reached its final orbital location at 1°West.

The THOR 7 satellite was officially handed over to Telenor Satellite’s satellite control centre at 5pm on June 16, 2015.

With the handover complete, the THOR 7 Ku-band payload, dedicated to DTH services, is now ready for commercial operation. THOR 7’s Ku-band payload of 11 transponders will provide much-needed growth capacity for broadcast and TV services throughout Europe and specifically in Central and Eastern Europe. THOR 7’s location of 1°West is home to the THOR satellite fleet and is one of Europe’s prime satellite locations, reaching close to 18 million households.

“With the Ku-band payload now in commercial service, Telenor Satellite looks forward to growing its European broadcast position,” said Morten Tengs, CEO, Telenor Satellite. “THOR 7 provides the expansion capacity required to satisfy today’s and tomorrow’s growing demands from both our customers and future customers interested in connecting to the 1°West neighbourhood”.

The satellite’s high-throughput (HTS) Ka-band payload will now undergo a further testing phase of its ground infrastructure with test customers. The satellite communications multi-Gigabit HTS payload will address the surge in demand for high-bandwidth requirements from the maritime industry, delivering a bandwidth-efficient service with high bit rates to meet our customers’ growing expectations. The service is expected to be fully operational in Q4, 2015.

Contact:

Natasha Keech Marketing and Communications Director Telenor Satellite Tel +44 (0) 7740 450 852

Expansion satellite to serve Europe

 (Oslo, April 27, 2015) Telenor Satellite today announced the successful launch of its new satellite, THOR 7.

THOR 7 was successfully launched into space on Sunday April 26, 2015 at 20:00 UTC, from the Guiana Space Centre in French Guiana. On board an Ariane 5 launcher (Arianespace flight VA222), the THOR 7 satellite was successfully injected into geostationary transfer orbit approx. 28 minutes after lift-off.

THOR 7, manufactured by Space Systems Loral (SSL), is Telenor Satellite’s first growth satellite and also features its first high-throughput satellite (HTS) Ka-band payload, specifically designed for the mobility VSAT market to provide high-powered coverage over the North Sea, the Norwegian Sea, the Red Sea, the Baltic Sea, and the Mediterranean.

“I am delighted to see that THOR 7 has safely reached geostationary transfer orbit and thank both Arianespace and our manufacturing partner SSL for this successful launch”, said Morten Tengs, CEO, Telenor Satellite. “From its 1°West location, the THOR 7 satellite will provide growth capacity for DTH services across Central and Eastern Europe and deliver optimal satellite coverage across Europe’s business shipping lanes for the provision of maritime VSAT services.”

THOR 7 will now undergo extensive in-orbit testing and will be ready to deliver DTH services in six weeks. Additional testing will take place on the HTS Ka-band services with a full commercial service to be ready in Q4, 2015.

Additional THOR 7 mission material, including high-resolution images of the launch, will be published at www.telenorsat.com.

 

About THOR 7

THOR 7 is Telenor Satellite’s first growth satellite, delivering satellite services for the future expansion requirements of all the markets in which we operate. The satellite is equipped with both a Ku-band and an HTS (High Throughput Satellite) Ka-band payload. The Ku-band payload will be used for TV services in Central and Eastern Europe and the HTS Ka-band payload, a first for Telenor Satellite, has been specifically designed for the mobility VSAT market. Additionally, Telenor Satellite has pre-sold capacity on THOR 7 to Space Norway – this is a lifetime lease and will provide Norway’s’ Troll research station in Antarctica with increased satellite capacity for the distribution of key meteorological data.

Telenor Satellite (Telenor Satellite) is a major European satellite provider of broadcast and broadband services for customers in the media, maritime, and oil and gas sectors. Utilising a hybrid network that comprises our satellite fleet, teleports and a terrestrial fibre network, Telenor Satellite delivers turnkey broadcasting solutions, end-user connectivity, and application services via satellite throughout Europe, the Middle East and Africa. From the distribution of digital TV and radio content to millions of European homes to the provision of reliable communications in remote locations on land and at sea, we are committed to keeping our customers connected via satellite. Visit the company’s website at www.telenorsat.com.

Contact: Natasha Keech              +44 7740 450 852

THOR 7 now targeted to launch on April 26, 2015

(April 24, 2015) Telenor Satellite announces that Arianespace has now confirmed that the THOR 7 satellite is targeted to launch on April 26, 2015, between the hours of 19:37 and 21:33 UTC (21:37-23:31 CEST).

The reconfiguration work and related checkout on the Ariane 5 ECA launcher are now complete.

A live webcast will be available via a link on Telenor Satellite’s website, www.telenorsat.com/thor7 and the video transmission of the THOR 7 launch will start about 15 minutes before lift-off.

Click here to read Arianespace’s official release.

THOR 7 is Telenor Satellite’s first growth satellite, delivering satellite services for the future expansion requirements of all the markets in which we operate. The satellite is equipped with both a Ku-band and an HTS (High Throughput Satellite) Ka-band payload. The Ku-band payload will be used for TV services in Central and Eastern Europe and the HTS Ka-band payload, a first for Telenor Satellite, has been specifically designed for the mobility VSAT market. Additionally, Telenor Satellite has pre-sold capacity on THOR 7 to Space Norway – this is a lifetime lease and will provide Norway’s’ Troll research station in Antarctica with increased satellite capacity for the distribution of key meteorological data.


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