(Oslo, Norway July 24, 2013) Telenor Satellite Broadcasting (TSBc) today announces the signing and renewal of multiple agreements with Harris CapRock, the world’s largest provider of communications to remote and harsh environments, for the provision of satellite capacity services from its 1°West orbital location.


Utlising TSBc’s THOR 10-02 satellite, Harris CapRock provides capacity to serve a number of its strategic energy and maritime clients, offering high-powered coverage throughout Europe. 

“Over the past two years, TSBc has been working closely with Harris CapRock to deliver satellite capacity, for services to some of its most important customers,” said Morten Tengs, Vice President and CEO of TSBc. “TSBc holds a strong European maritime position at 1°West for the delivery of satellite services to the main maritime and energy satellite communication service providers. With our new satellite, THOR 7, expected to start commercial operation in 2014, we look forward to being able to extend our satellite capacity and related services to Harris CapRock and continue to strengthen our growing partnership.”

 “Some of our largest customers require increased bandwidth to support remote monitoring, diagnostics and other information that have a direct impact on how ships and vessels operate effectively at sea,” said Andy Lucas, Global Operating Officer of Harris CapRock. “The satellite-capacity solutions offered by TSBc allow for continued requirements that are intended for both our existing customers and new prospects.”

Harris CapRock is using the THOR 10-02 capacity for specific coverage requirements in key European territories and is uplinking services via its own teleport facilities located in Aberdeen, Scotland. 


In the second quarter of 2013, Telenor Group reported revenues of NOK 25.7 billion, representing an organic revenue growth of 2%. EBITDA before other items was NOK 8.86 billion, EBITDA margin was 34%, and operating cash flow was NOK 5.37 billion.

“Telenor’s geographical footprint covers both advanced and growing economies, offering growth opportunities and profitability as demonstrated in the second quarter. At the same time, regulatory issues remain a challenge, particularly visible in Bangladesh and India during this period,’’ said Jon Fredrik Baksaas, President and CEO of Telenor Group.

Outlook maintained

“The Group’s organic revenue growth improved from the first quarter combined with stronger margins. With these trends, we maintain the outlook for this year,’’ said Baksaas.

More than five million new customers

“During the second quarter, Telenor gained more than five million new customers driven by strong growth in Asia. In Thailand, dtac’s network investments and high customer uptake is resulting in solid revenue growth as our customers embrace new services enabled through 3G. In Norway and Sweden, we saw subscription growth picking up in the consumer segment as a result of new data centric offerings,’’ said Baksaas.

Myanmar and Bulgaria

“Telenor was recently declared a successful applicant for a telecommunications licence in Myanmar, and we are currently awaiting the telecom law and final licence conditions from the local authorities. Our acquisition of Bulgaria’s second largest telecom operator Globul has been approved by the EU Commission, and I am looking forward to welcoming our new colleagues in a region well known to Telenor,’’ added Baksaas.

New buyback programme

“Telenor’s operational performance and strong financial position enables healthy shareholder remuneration. I am pleased to announce that we are initiating another share buyback programme for approximately 1 percent of the outstanding shares, to be completed before the AGM in 2014,” said Baksaas.

Click here to read the full press release.

Please refer to Telenor Group’s Quarterly report for more information on all Telenor companies.


newsletter issue 02, 2013


First quarter 2013: Improved margins with stable revenues.

In the first quarter of 2013, Telenor Group reported revenues of NOK 24.7 billion. EBITDA before other items was NOK 8.42 billion, EBITDA margin was 34 %, and operating cash flow was NOK 5.6 billion.

“The first quarter of 2013 is characterised by a solid operating cash flow of NOK 5.6 billion, strong margins in several operations and good progress in operational performance in India. The strengthened EBITDA margin of 34% is further supported by a higher share of bundled subscriptions and good network quality in the Norwegian operation,’’ said Jon Fredrik Baksaas, President and CEO of Telenor Group.

“The organic revenue growth for the Group this quarter is weaker than previous quarters due to lower growth contribution from India and handset sales, as well as regulatory factors. However, we regard the underlying trends as positive. We see healthy mobile service revenue growth in our operations in Norway and Thailand contributing to solid margins, as well as strong customer acquisition in Bangladesh. Regulatory issues impacted our performance in Pakistan this quarter however we now see sales picking up. During this quarter, dtac in Thailand completed a nationwide network upgrade and is preparing for the launch of 3G services on the 2.1 GHz frequency band in the second quarter. This will represent an important milestone in the transition from a concession to a licencing regime,’’ said Baksaas.

“In Norway, we continue to invest to secure our customers’ access to superior mobile network coverage and high quality of services. We have recently adjusted our mobile market offers to adapt to changing customer needs and the transition to data. We see positive effects from operational efficiency this quarter, and regard this as a key contributor to value creation going forward, ” said Baksaas.

“To enable our customers to take advantage of the opportunities that the Internet offers, we need to be responsive to change. The growth in demand for data centric services requires significant investments in high-speed networks. It is therefore paramount that we continue to implement sustainable business models to secure long-term return on these investments,” said Baksaas.

“Based on the performance in the first quarter and our estimates for the rest of the year, we adjust the 2013 outlook for organic revenue growth somewhat to 2-4%. At the same time, we maintain the outlook for EBITDA margin and capex/sales.” said Baksaas.

Click here  to read the full press release.

Please refer to Telenor Group’s quarterly report  for more information on all Telenor companies.



issue 1