Telenor Pakistan’s revenue crossed Rs. 25.95 billion during the first quarter of 2016, increased 9% from same quarter of previous year.
Growth in revenue is due to continued growth in financial services, higher ARPU, and higher incoming international traffic.
Incoming international traffic is increased by 6 percent.
ARPU is increased by 11% from Rs. 185 to 206 per user per month.
The growth is possibly due to disconnection of unverified SIM cards and high growth in data usage.
Telenor said that its subscription and traffic revenues in local currency increased by 2%.
The EBITDA margin decreased by 2 percentage points, primarily explained by the positive one-time effect from the reversal of accruals last year. In addition, the abolishment of the SIM activation tax from 1 July 2015 has a positive impact on the EBITDA margin.
Capital expenditure was prioritized towards expanding 3G network coverage and capacity. At the end of the quarter, the 3G population coverage was 55%.
The number of subscribers increased by 2.2 million and matched the line of the same quarter last year even after the drop of unverified users in the second quarter of 2015.
During this quarter, Telenor purchased the remaining 49% shares of Tameer Microfinance Bank and make it wholly own subsidiary which will surely increase their profit in next quarter.