Telenor Magyarország sales on the rise

Telco

Telenor Magyarország, the Hungarian subsidiary of Norwegian multinational telecommunications company Telenor Group, saw sales rise by a year-on-year 4.5% to HUF 45.15 bln in Q4 last year, Telenor Magyarország announced today.

EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) of the company fell by a year-on-year 9.6%, to HUF 9.83 bln in the same quarter.

The company believes that sales were boosted by higher revenue from the sale of phones through interconnect fees. Excluding money spent on frequency licenses, invested assets rose HUF 1bn in the fourth quarter, Telenor added.

The number of Telenor subscribers in Hungary rose by approximately 22,000 in Q4, reaching 3,482,000 by the end of 2014. Average monthly revenue per subscriber rose to HUF 3,494 from HUF 3,413, Telenor said.

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