Telenor Pakistan – Financial Results Announcement (Q4 – 2009)

Islamabad, 10^th Feb 2010: Telenor Pakistan has posted strong results after a solid final quarter in 2009. Telenor Pakistan’s Q4 results announced their subscriber base to have reached 22.5 million. The net additions of 842,000 subscriptions during the fourth quarter are 77,000 more than the Q3 net additions. In the last quarter of the year, the revenue increased 9% over Q3 while EBITDA margins grew to an all time high of 28.4%, a whopping 28% growth over Q3.

CEO Telenor Pakistan, Jon Eddy Abdullah praised Telenor Pakistan employees and attributed the company’s success to their unrelenting dedication. He said, “Telenor Pakistan has been recognized by Telenor Group for the highest revenue growth rate throughout the group. This, in the face of current business environment challenges, demonstrates a stellar performance.”

During this quarter, Telenor Pakistan launched their suite of financial services under the brand name easypaisa. Within 4 months, more than 300,000 Bill Payment and more than 50,000 Money Transfer transactions have already been recorded. Telenor Pakistan also continued its support in disaster response by donating 2 million to the landslide victims of Attabad, Hunza. Under its flagship Corporate Responsibility initiative Khuddar Pakistan, Telenor Pakistan worked with Pakistan Blind Cricket Council to identify the next generation of blind cricketers from schools throughout the country.

About Telenor Pakistan

Telenor Pakistan is a provider of high quality telecommunication services in Pakistan. Telenor Pakistan acquired its GSM license in 2004 and launched its services in 2005. Currently, Telenor Pakistan has 22.50 million subscribers, a nationwide network encompassing 8,000 plus cities and 2,500 employees. Telenor Pakistan is 100% owned by Telenor ASA and adds on to its operations in Asia.

Growth comes from truly understanding the needs of people to drive relevant change.

For more information www.telenor.com.pk

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