During Q4’2019, Telenor Bulgaria maintained the revenue and EBITDA year-on-year growth trends, that were observed during the previous quarters of 2019.

Total revenue for the quarter exceeded 201m BGN, up by 3.1% above the same period last year, mainly driven by improved average revenue per user (ARPU) which was 15.9 BGN for the quarter, or 7.8% higher than in Q4’2018.

Revenue growth, in combination with the ongoing efficiency efforts, resulted in an improved EBITDA, amounting to 88m BGN for the quarter, or 3.6% above Q4’2018 (comparable growth). As a result of the ongoing SIM-cards consolidation trend on the market, the Telenor customer base decreased slightly, compared to the end of 2018, and stood at 3.0 million customers of which 19% constitute prepaid subscribers.

Telenor remained focused on network quality and customer experience throughout 2019, which resulted the Best in Test certificate awarded to Telenor mobile network by umlaut, a leading international mobile network measurement company, for measurements in six categories during Q2-Q3 2019.

About Telenor

Telenor is a leading telecommunication services provider with more than 3 million active users in Bulgaria. As of August 1, 2018, Telenor Bulgaria, along with Telenor Hungary and Telenor Serbia & Montenegro are part of PPF Group.

PPF Group invests in multiple market segments such as banking and financial services, telecommunications, mechanical engineering, biotechnology, insurance, real estate and agriculture. PPF Group’s reach spans from Europe to the USA and across Asia, owning assets worth over EUR 45 billion (as at 31 December 2018).

Contact

Telenor Corporate Communications Department
+359 898 400 193, +359 893 400 719
pr@telenor.bg / www.telenor.bg