Islamabad (Thursday, July 23, 2009): Telenor Pakistan has posted strong results for Q2’09, growing its Q-o-Q revenues by 8% and netting 908k subscribers compared to 597k in the previous quarter.
Executive Vice President and Head of the Telenor Asia Operations, Sigve Brekke expressed his confidence in how Telenor Pakistan was growing in the face of economic challenges in the market: Brekke said, “We are very pleased to see that the Telenor Group companies in Asia deliver good results even in tough times. The second quarter figures re-confirm the importance of this region in Telenor, and we are excited about continuing to be a part of the development of the mobile industry in Asia. We are committed to Telenor Pakistan, and we are impressed with the effort our colleagues in Pakistan have shown in delivering good results.”
Telenor Pakistan’s CEO, Jon Eddy Abdullah, praised Telenor Pakistan employees for the continued success of the company. “The credit goes to our employees, who have responded to the changing dynamics of the market, managed risks and opportunities well, and committed to a constructive process of change. It is because of them that today, we have a network, a brand, and a culture that are healthier than ever. I believe Telenor Pakistan is well-positioned to realize new business opportunities in the market in line with our long-term commitment to Pakistan, ” Jon said.
At the end of Q2’09, the Telenor Group reported improved performance, record high operating cash flow, and total subscriptions of 168 million worldwide.
About Telenor Pakistan
The Telenor Group is an international provider of high quality tele, data and media communication services with mobile operations in 13 markets across the Nordic region, Central and Eastern Europe and in Asia. The Telenor Group is among the largest mobile operators in the world with over 168 million mobile subscriptions and a workforce of more than 40,000. Telenor Pakistan is 100% owned by Telenor ASA and adds on to its operations in Asia.
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