Telenor Bulgaria

Telenor Bulgaria is the second largest mobile operator in Bulgaria. The ownership also includes Germanos Bulgaria, the leading telecom retailer in the country, which is operationally integrated within Telenor Bulgaria.

Telenor Bulgaria’s telecom services include mobile, fixed and data.

Key facts

  • The second largest mobile operator in Bulgaria (revenue/marketshare).
  • 3.901 million subscribers (Q4 2014)
  • 37.2 % subscriber market share (end of 2013)
  • 2054 employees  (Q4 2014)
  • Total revenues NOK 2.723 million (2014)
  • 99.98 % population coverage
  • The headquarters are located in Sofia
  • CEO: Stein Erik Vellan

Source: Telenor Bulgaria and CIA World Fact Book

Historical background

On 1 August 2013, Telenor Bulgaria which then operated under the Globul brand was officially consolidated in the Telenor Group. The transaction also included Germanos Bulgaria, the leading telecom retailer in the country operationally integrated with Globul. On the 4th of November, Globul became Telenor Bulgaria.

Globul has been present in Bulgaria since 2001. In 2013, Globul had about 4 million subscribers and generated revenues of NOK 1,151 million and EBITDA of NOK 373 million.

Corporate Responsibility

Corporate responsibility is at the core of Telenor Bulgaria way of doing business. See some of their initiatives:

Read more on Telenor Bulgaria’s website

Company Website

Telenor.bg

Key Figures for Telenor Bulgaria

(NOK in millions) 3rd quarter First three quarters Year
2014 2013 2014 2013 2013
Revenues
Subscription and traffic 555 342 1.580 342 862
Interconnect revenues 37 22 103 22 56
Other mobile revenues 12 11 24 11 17
Non-mobile revenues 103 79 283 79 216
Total revenues 707 454 1.989 454 1.151
EBITDA before other items 291 165 788 165 373
Operating profit (loss) (73) 53 (444) 53 (81)
EBITDA before other items/Total revenues (%) 41.1 36.3 39.6 36.3 32.4
Capex 218 24 308 24 121
No. of subscriptions - Change in quarter/Total (in thousands): 42 3.944 4.047 3.944 3.995
ARPU - monthly (NOK) 49 46 49 46 46
Exchange rate (BGN) 4.2325 4.0675 4.1524