In the third quarter of 2013, Telenor Group reported revenues of NOK 26.0 billion, representing an organic revenue growth of 1%. EBITDA before other items was NOK 9.6 billion, EBITDA margin was 37%, and operating cash flow was NOK 5.9 billion. Reported net income of NOK 3.9 billion includes currency losses of NOK 502 million, mainly non-cash.

“Telenor Group’s performance this quarter is proof of a sound business with solid earnings and margins. A record high EBITDA of NOK 9.6 billion, as well as an operating cash flow margin of 23 per cent, demonstrates our ability to create value. Our effort to capture growth remains a top priority, while we will continue to drive efficiency improvements,’’ said Jon Fredrik Baksaas, President and CEO of Telenor Group.

Provide Internet access in Asia

“It is paramount for Telenor to provide Internet access with good connectivity and services for all. Only around one out of four of Telenor’s customers in Asia currently have access to the Internet, representing a vast potential for our future growth. During this quarter, subscription and traffic revenues in Asia increased by 9%, continuing its healthy trend. In Thailand and Malaysia, where the Internet is already the main growth driver, we added 240,000 and 279,000 customers, respectively. Earlier this month Grameenphone launched 3G services to customers in central parts of the city of Dhaka, marking the start of a nationwide network roll-out,’’ said Baksaas.

“In Thailand, the new 2.1 GHz network was launched in July. The migration of customers is progressing according to plan and dtac aims to have a minimum of 10 million customers on the licenced network by the end of the year. In the years to come, we expect significant cost savings and margin improvement from the transition to the licence regime,’’ said Baksaas.

Mobile data in Nordics

“During the quarter, we saw continued improvement in Sweden on the back of solid execution and implementation of data centric tariffs. The revenue development in Norway is weaker than expected. In order to secure healthy return on our high network investments, we need to further optimise data centric offers to stimulate demand for mobile data and at the same time deliver the required revenue growth. As a consequence of continued challenging market conditions in Denmark, we are now embarking upon an ambitious transformation programme which will run through 2014,” said Baksaas.

“Globul in Bulgaria was included in the Telenor Group as of August. In Myanmar, we are expecting to finalise the licence later this year with the aim of launching services in mid-2014,” said Baksaas.


“Based on the performance in the first three quarters and the outlook for the rest of the year, we revise the outlook for organic revenue growth to 1-2% and capex to sales to 13-14%. We maintain our guidance of around 34% EBITDA margin,” said Baksaas.

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

THOR 7 to provide HTS capacity over Europe’s main shipping routes and oil and gas exploration areas

Herndon, Va., October 7, 2013― Telenor Satellite Broadcasting (TSBc), a major European satellite operator,  and iDirect , a Global Leader in IP based satellite  communications , today jointly announced that TSBc has chosen iDirect’s new  Velocity® product line as the ground infrastructure solution for its new THOR 7 high throughput satellite (HTS).

Using iDirect technology, TSBc will deliver a Ka-band HTS payload of up to nine Gbps of throughput across 25 spot beams, providing capacity over the North Sea, Norwegian Sea, Mediterranean, Baltic Sea as well as the Middle East.

TSBc chose the iDirect platform for several reasons. The platform will enable automatic, seamless spot-beam handover across all beams on the THOR 7 satellite, ensuring continuous mobile connectivity. The platform will also establish an integrated capacity pool that can be efficiently distributed and enables the development of service plans for individual terminals as well as for groups across the entire coverage area. This establishes a global bandwidth management system that enforces Service Level Agreements (SLA) at the group level across all beams. Further, Telenor Satellite Broadcasting aims to leverage the iDirect platform to facilitate inter-network roaming with other Ku and Ka satellite operators, enabling end users to travel outside of their service providers’ networks, while maintaining seamless coverage through a single service provider. Telenor Satellite Broadcasting expects to launch the THOR 7 satellite in the second half of 2014. THOR 7 will increase capacity for current maritime and energy customers and enable Telenor Satellite Broadcasting to expand its business in the satellite news gathering, aeronautical and governmental markets.

 “THOR 7, Ka-band HTS payload is strategically positioned over the main shipping routes and major oil and gas exploration areas in Europe, enabling our maritime and energy customers to grow their businesses and bring much needed capacity into the region. There’s no better platform than iDirect to bring our new capacity to market, giving us the flexibility we need to capture a broad range of high-value markets, whilst offering the possibility for roaming between Ku and Ka band satellites in the future.” ~ Julian Crudge-Divisional Director Network and Data Services, TELENOR SATELLITE BROADCASTING

 “iDirect is thrilled to be selected as the ground infrastructure provider for THOR 7. Our new Velocity product line delivers the throughput, scale and advanced mobility features required by Telenor Satellite Broadcasting to maximize the value of their satellite. With Velocity, they can also build on their existing investment in iDirect, managing their entire iDirect deployment on a single platform.”~ Stephen TUNICLIFFE-Regional Vice President, Europe, iDIRECT



iDirect, a subsidiary of VT Systems, is a global leader in IP-based satellite communications providing technology that enables our 350+partners to optimize their networks, differentiate and expand their businesses. The iDirect Intelligent Platform™ allows our partners to run their entire business operations more efficiently via single, unified IP-based satellite architecture, whether it’s providing core IP applications to the enterprise or specialized services to any number of diverse vertical markets. iDirect is the #1 name in global satellite communications in key industries including maritime, military/government, and oil and gas, with a 62% hub market share and more than a quarter million remotes installed worldwide. In 2007, iDirect Government Technologies (iGT) was formed to drive adoption of its IP-based solutions in the U.S. government market. In 2008, iDirect Asia Pte Ltd was established in Singapore to enhance its value-add and responsiveness to customers in the Asia Pacific region. For more information please visit
 VT Systems is an engineering company providing integrated solutions to the commercial and government markets in the aerospace, electronics, land systems and marine sectors. VT Systems’ innovative solutions, products and services include aircraft maintenance, repair and modification; software solutions in training and simulation; satellite-based IP communications technology; network solutions that integrate data, voice and video; rugged computers and computer peripheral equipment; specialized truck bodies and trailers; weapons and munitions systems; road construction equipment; and ship design and shipbuilding. Headquartered in Alexandria, Va., VT Systems perates globally and is a wholly owned subsidiary of ST Engineering. Please visit
 Media Contacts:
Julie Bettinger-Vice President, Corporate Marketing- iDirect
Phone: (1) 703 648 8155
Edward Szeto, Manager, Corporate Communications -VT Systems
Phone: (1) 703 739 2610
Email: eszeto@vt‐
 Natasha Keech, Marketing and Communications Director- TSBc
Phone: 0044 7740 450 852

(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