In Q3 2018 Telenor Bulgaria maintained the revenue and earnings before interest, taxes, depreciation and amortization (EBITDA) growth trends observed from the start of 2018.
The total revenues for Q3 reached 187m BGN, mainly driven by the improved ARPU that was 15.3 BGN for the third quarter. The total revenue growth was also positively influenced by the increase in device revenues, chiefly due to customer focus on high-end smart devices.
Revenue growth, in combination with the ongoing efficiency efforts, resulted in improved EBITDA, which was 76m BGN for the period. Customer base was positively impacted by the summer season and reached 3,163k customers as of end of Q3, of which 23% prepaid.
Telenor’s main focus in Q3 remained the provision of strong service quality and valuable options for the customers, including VoLTE service, for example. In less than 6 months after introduction of this service, which provides improved quality of voice calls while keeping high speeds of mobile internet, the share of VoLTE traffic exceeded 5% from total voice traffic.
Telenor is a leading telecommunication services provider with more than 3.1 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 into multiple market segments such as banking and financial services, telecommunications, biotechnology, insurance, real estate, and agriculture. PPF’s reach spans from Europe to Russia, the USA and across Asia. PPF Group owns assets exceeding EUR 38 billion (as at 31 December 2017) and has 170,000 employees worldwide.