Telenor Group reports second quarter results, Myanmar growth

The Norway-based Telenor Group has reported positive second quarter results including continued growth in its mobile phone outreach in Myanmar, a country in the throws of a communication revolution after decades of military regime rule. Telenor and Ooredoo are the two main players competing in the largely virgin Myanmar market, helping everyone from farmers, to […]

Telenor keeps 2015 outlook with Myanmar gains, stable Norway

Norwegian mobile phone operator Telenor(TEL.OL) reported second-quarter earnings a touch below expectations on Wednesday but kept its full year revenue and margin guidance and said its rapid growth in Myanmar continued. Telenor said its earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 11 percent to 10.57 billion Norwegian crowns ($1.30 billion) compared to expectations […]

“Competition, watch out’ says Telenor Myanmar CEO, as subs over 10 million

Telenor Myanmar’s second quarter (Q2) results have exceeded expectations once again. By July, the Norwegian operator had secured more than 10 million subscriptions, with much higher numbers of data users than anticipated, said Petter Furberg, the company’s Myanmar CEO, at a press conference in Yangon yesterday. “The biggest surprise for Telenor is that 55 percent […]