Telenor Serbia revenues increased by 10.7 percent to RSD 11.347 billion in Q3 mainly from higher ARPU and increased subscription base, Telecompaper reports. The number of subscriptions grew by 115,000 or 3 percent year-on-year to 3.25 million following the previous trends of good market performance in Serbia. The share of postpaid subscriptions is now 42 percent, up from 39 percent in the third quarter last year.
ARPU in local currency increased by 7 percent due to the successful migration from prepaid to postpaid subscriptions and increased data usage. A part of the ARPU uplift is attributed to recovery of handset subsidies. The EBITDA margin decreased by 3 percentage points due to higher sales of subsidised smartphones, tablets and laptops. After the completion of the network modernisation in the beginning of this year, capital expenditures were almost half of the level in the same quarter last year.
Source Balkans
