ISLAMABAD: Telenor Pakistan announced its 4th (Quarter 4) results for 2020 and reported, an improvement in overall performance, and added more than one million subscribers in the last quarter, bringing overall subscriber base to over 47 million.
According to the company, in what has been a challenging year with the pandemic negatively impacting the results, the subscription and traffic (S&T) revenues declined 6.1 percent for 2020.
However, the trends have been improving for the 2nd half of 2020, and Q4 S&T revenues were flat on reported basis, with underlying growth on normalised basis.
Telenor Pakistan’s Q4 performance showed an improvement in underlying S&T revenue; however, due to continuous challenging factors in the business environment, the company experienced a flattish subscription and traffic (S&T) revenue of -0.3 percent.
Telenor Pakistan has managed to deliver EBITDA growth both for Q4 and YoY as a result of the company’s strategy to prioritise costs, improve subscriber engagement and introducing market portfolios at the right time.
Fridtjof Rusten, chief finance officer Telenor Pakistan said, “I am happy to share that our efforts to improve subscriber engagement contributed to our overall performance.
Despite the challenges faced by the pandemic and other factors, we were able to strengthen the profitability with a YoY EBITDA growth and we ended the year on a strong note by adding more than a million new subscribers on net basis.
We were successfully able to control our OPEX by prioritizing spending and providing our customers with the services and offers they need at the right time. Now we remain focused on improving the business environment to provide the opportunity for further profitable investments and growth”.
According to the Pakistan Telecommunication Authority (PTA) data, the number of mobile phone users in Pakistan reached 175.62 million by end December compared to 173.67 million by end November, which registered an increase of 1.95 million during the period under review.
Copyright Business Recorder, 2021
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