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Home Pakistan Tech News Telenor Pakistan's Revenues, Customers Drop around 11% During Q2, 2020

Telenor Pakistan’s Revenues, Customers Drop around 11% During Q2, 2020

Telenor Pakistan posted its one of many worst quarters but as subscriptions and visitors revenues declined by 11%, primarily attributable to COVID-19.

Firm’s quarterly revenues stood at Rs. 24.2 billion, down from Rs. 26.2 billion throughout the identical interval final 12 months.

Firm mentioned that such unfavorable affect got here attributable to lockdowns that effected gross sales and in addition the decrease ARPUs.

ARPU declined 13% and reached Rs. 170 per person month, down from Rs. 195 per person per thirty days throughout identical interval final 12 months.

Gross subscriber consumption (new prospects minus churned prospects) declined considerably in April and Might, resulting in a lack of 1.four million subscribers within the quarter. The cell buyer base closed at 45.1 million.

EBITDA decreased by 1%, as opex reductions attributable to decrease market exercise and stringent value management weren’t ample to totally offset the income decline. Non-recurring gadgets this quarter had a constructive affect on EBITDA of roughly 11 proportion factors.

Within the second quarter, Telenor Pakistan paid an instalment of roughly NOK 0.6 billion for the deposit associated to the licence renewal, nonetheless, its renewal of GSM license, which expired on 25 Might 2019, continues to be not in courtroom and never concluded.

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