PODGORICA (Montenegro), October 31 (SeeNews) – Norwegian telecommunications group Telenor said on Thursday that its earnings before interest, tax, depreciation and amortisation (EBITDA) in Montenegro fell to 85 million Norwegian crowns ($14.4 million/10.5 million euro) in the third quarter of 2013 from 110 million crowns a year ago.
The revenues of its Montenegrin unit fell to 172 million Norwegian crowns in the third quarter from 194 million crowns a year ago, the parent company said in its quarterly financial report.
The company’s CAPEX totaled 6.0 million Norwegian crowns in Montenegro in the third quarter compared to 7.0 million a year ago.
Telenor's main rival in Montenegro is T-Mobile Crna Gora, owned by the Hungarian unit of Deutsche Telekom, Magyar Telekom. M:tel, the third mobile operator in the tiny Adriatic state of some 630,000, is majority owned by Serbian state-owned company Telekom Srbija.
(1 euro=8.08 Norwegian crowns)