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Telenor Bulgaria posts higher Q3 EBITDA, revenue

Author Mario Tanev
Telenor Bulgaria posts higher Q3 EBITDA, revenue Telenor Bulgaria/Facebook

SOFIA (Bulgaria), November 8 (SeeNews) - Telenor Bulgaria, part of Czech Republic-based investment group PPF, said on Thursday that it generated earnings before interest, taxes, depreciation and amortisation (EBITDA) of 76 million levs ($44.4 million/38.9 million euro) in the third quarter of the year.

This compares to EBITDA of 67 million levs in the comparable period of last year, and 68 million levs in the second quarter of this year, according to figures published previously by Telenor Bulgaria.

Telenor Bulgaria booked revenue of 187 million levs in July-September, on the back of an increase in average revenue per user (ARPU), the company said in a statement.

In the third quarter of last year, Telenor Bulgaria posted revenue of 175 million levs. In the second quarter of this year, the company's revenue also totalled 175 million levs.

Telenor Bulgaria had some 3.16 million customers at the end of September.

In July, PPF completed the acquisition of Norwegian mobile operator Telenor's telecommunications assets in Bulgaria, Montenegro, Serbia and Hungary for 2.8 billion euro.

On the Bulgarian mobile segment, Telenor competes with A1 Bulgaria, the local unit of A1 Telekom Austria group, Bulgarian telecommunications group BTC, which operates under the brand name Vivacom, and Max Telecom.

(1 euro = 1.95583 levs)