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First quarter 2011: Growth and modernisationIn the first quarter of 2011, Telenor Group reported revenues of NOK 24,1 billion, representing an organic revenue growth of 7%. EBITDA before other items was NOK 7.4 billion, EBITDA margin was 31 per cent, and operating cash flow was NOK 5 billion. Telenor’s consolidated mobile operations added nine million subscriptions during the quarter.
Telenor and Altimo to Create a Leading Emerging Markets Mobile Operator
Telenor Group and Altimo (the telecom arm of the Alfa Group) announce an agreement to combine their common assets in VimpelCom and Kyivstar to create a leading emerging markets mobile operator.