Telenor saw revenues increase between April and June as the Norway-based operator signed up four million new customers.
Q2 revenues rose 4.1 percent year-on-year to €3.2 billion. Europe saw revenue growth in all markets except Denmark, which registered a 5.3 percent decline due to "challenging" trading conditions.
The rest of the world was led by India, which saw revenue growth of over 40 percent. Only Thailand was down due to a combination of intense competition, a lower interconnect rate and weaker macro-economic development. Revenues there fell over 16 percent.
In its home market of Norway, which saw revenues rise 5.7 percent, Telenor said customers had almost doubled their data usage.
“The extensive network expansion and increase in 4G enabled phones are the key drivers of this positive development resulting in an ARPU increase of four percent and underlying mobile revenue improvement of six percent,” commented Group President and CEO Jon Fredrik Baksaas.
As a result, capex rose 40 percent to €589 million.
Revenues at Telenor’s broadcast division fell due to the March disposal of digital TV security company Conax; discounting this, sales increased to two percent to €180 million.
International wholesale and digital revenues also increased.
However, while operating profit grew and profit margins rose 1.5 percent to 35.9 percent, net income was down 16 percent to €385 million.