Telenor Magyarország Q2 revenue slips 3%

Competition

Second-quarter sales revenue of Telenor Magyarország fell 3% to HUF 37.6 bln from the same period a year earlier, the firm said yesterday. 

Subscriptions for phone services, handset sales and internet subscriber numbers were up, but lower interconnection fees resulted in smaller revenue, Telenor Magyarország said.

EBITDA cleared of one-off items fell 17% to HUF 11.9 bln. CAPEX was up 23% at HUF 3.1 bln as Telenor continued to upgrade its network.

Telenor Magyarország paid HUF 3.6 bln of telecommunications tax in Q2 and noted that "some elements of the regulatory framework adversely impacted results." Telenor Magyarországʼs subscriber numbers were little changed at 3.22m.

ADVERTISEMENT

Pandemic has only moderate impact on big companies Analysis

Pandemic has only moderate impact on big companies

Parl't to vote on groundwork for commercial accommodation ra... Parliament

Parl't to vote on groundwork for commercial accommodation ra...

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest re-launches airport shuttle bus City

Budapest re-launches airport shuttle bus

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.