Telenor Bulgaria continued ARPU, Revenues and EBITDA growth in Q1’2019 *

During Q1’2019, Telenor Bulgaria maintained its revenue and EBITDA growth trends observed during the previous year.

Total revenue for the quarter reached 179m BGN, growing 5.4% above same period last year, mainly driven by improved ARPU which was 15.0 BGN for the quarter, or 8.4% higher than Q1’2018. The total revenue growth was also positively influenced by an increase in handset revenues, chiefly from a stronger customer focus on high-end smartphones.

Revenue growth, in combination with ongoing efficiency efforts, resulted in an improved EBITDA of 89m BGN for the quarter, or 19% above Q1’2018 (comparable growth). As a result of the ongoing SIM consolidation trend on the market, the Telenor customer base decreased slightly to 3.04M customers, of which 20% constitute prepaid subscribers.

Throughout Q1’2019, Telenor continued to provide valuable services to its customers. Along with its ongoing focus of maintaining its high-quality mobile network, the company also launched a new handset insurance service in March supporting a seamless customer experience, even in the case of device damage.

*All Telenor Bulgaria financials reported as per IFRS 15 & 16 standards.