Norway-based operator Telenor has seen Q2 revenues grow four percent year-on-year to €3.4 billion.

Half-year revenues were also up four percent to €6.8 billion.

However, profit nearly halved to just €285 million in Q2 – this follows a €51.5 million loss in Q1.

In Europe, the company saw Q2 revenue growth in Norway and Sweden but registered losses in Denmark, Hungary, Serbia and Montenegro.

Its Asia businesses were more positive, with revenue gains in Thailand, Malaysia, Pakistan and India.

However, Pakistan and India continued to make losses, despite the latter adding two million new subscribers over the quarter.

Overall, the group’s consolidated mobile operations added five million new customers, bringing the subscription base above the 150 million mark.

“Our presence in the Nordic region and the growing Asian economies demonstrates the benefits of the geographical diversification in the Group,” said president and CEO Jon Fredrik Baksaas.

The operator’s broadcast unit saw revenues decline two percent to €230 million.

Capex was also slightly down on the same period last year; in June, the company announced it had acquired a new 4G licence in Denmark.

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