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Telenor Pakistan announces results for Q3 2010

Telenor Pakistan has announced results for the third quarter of 2010. Pakistan’s second largest cellular company continues to show progress in a challenging business environment.

At the end of Q3, Telenor Pakistan subscribers numbered 23.84 million, which is a growth of 9.9% over the same period last year. Market share remained strong at 23%; EBIDTA margins were 29.7%.

Jon Eddy Abdullah, CEO Telenor Pakistan while commenting on the results said: “Telenor Pakistan continues to consolidate its business growth. The previous quarter saw Pakistan facing one of the worst floods in its history. Telenor Pakistan responded with concerted efforts, becoming the first and one of the largest corporate contributors to the relief drive. A calamity of the size we witnessed is bound to have some negative impact on the business environment of the country. However, this was minimized with the help of our teams and their well coordinated efforts.”

Telenor Pakistan also won several awards in the previous quarter: the Best Place to Work award, presented by Pakistan’s reputed HR associations, and the Best Practices Award, presented by The Data Warehousing Institute.

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