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Telenor Bulgaria's Q3 EBITDA grows 1.8 y/y, revenue up 1.6%

Telenor Bulgaria's Q3 EBITDA grows 1.8 y/y, revenue up 1.6% Telenor Bulgaria/Facebook

SOFIA (Bulgaria), November 12 (SeeNews) - Telecommunications company Telenor Bulgaria, a unit of Czech-owned PPF Group, said on Tuesday that its earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 1.8% year-on-year to 93 million levs ($52.4 million/47.5 million euro) in the third quarter of 2019.

The company's revenue increased 1.6% year-on-year to 193 million levs in the July-September period of 2019, Telenor Bulgaria said in a statement.

Average revenue per user (ARPU) increased by 8% to 15.9 levs in the third quarter.

Telenor Bulgaria's clients decreased slightly during the review period, due to the ongoing SIM-cards consolidation trend on the market. Telenor Bulgaria's customer base numbered 3.08 million at the end of September.

"Network quality and customer experience remain in the focus of company investments in 2019," the company said.

Telenor Bulgaria generated an EBITDA of 82 million levs in the second quarter of 2019, according to previously published data.

On the Bulgarian mobile segment, the company competes with A1 Bulgaria, a unit of A1 Telekom Austria Group, and Bulgarian Telecommunications Company (BTC), which operates under the brand name Vivacom.

PPF Group is majority-owned by Petr Kellner who held a 98.93% stake at the end of 2018, according to the company's latest annual financial report.

(1 euro = 1.95583 levs)