In the fourth quarter of 2011, Norwegian telecommunications company Telenor Group reported revenues for the quarter of NOK 25.4 billion (US$ 4.44 Billion). For the full year of 2011, Telenor’s revenue was NOK 98.5 billion (US$ 17.2 Billion).
“The performance throughout 2011 once again confirms Telenor’s position as one of Europe’s fastest growing telcos, most notably with organic revenue growth of 7% both for the quarter and the full year. In 2011, we added 29 million mobile subscriptions, of which 7 million in the fourth quarter,” said Jon Fredrik Baksaas, President and CEO of Telenor Group.
“The Group’s growth momentum is driven by strong customer uptake in our Asian operations and increasing demand for data services. The results from the Norwegian operation are impacted by high market activities this quarter to speed up migration to new bundled price plans,” Baksaas added.
Telenor has four satellites in-orbit and one more on order scheduled for a late 2013 launch.
“We are confident that by utilizing our market positions, people and capabilities, the Telenor Group will see further growth and strong performance in 2012,” Baksaas ended.
