Telenor Bulgaria

Telenor Bulgaria is the leader in mobile revenue in Bulgaria and the second largest mobile operator in Bulgaria in terms of market share. Telenor Bulgaria’s telecom services include mobile, fixed and data.

Key facts

  • The second largest mobile operator in Bulgaria (revenue/marketshare).
  • 3.227 million subscribers (Q2 2017)
  • 37.2 % subscriber market share (end of 2013)
  • 1810 employees  (Q2 2017)
  • Total revenues NOK 3.168 million (2016)
  • 99.98 % population coverage
  • The headquarters are located in Sofia
  • CEO: Ole Bjørn Sjulstad

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 2014, 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) Second quarter First half year Year
2017 2016 2017 2016 2016
Revenues
Subscription and traffic 571 569 1.113 1.136 2.297
Interconnect revenues 63 64 120 124 269
Other mobile revenues 9 8 17 14 42
Non-mobile revenues 138 127 263 251 560
Total revenues 780 768 1.512 1.525 3.168
Operating expenditures 250 260 492 519 1.040
EBITDA before other items 302 295 581 582 1.191
Operating profit 150 150 277 288 616
EBITDA before other items/Total revenues (%) 38.7 38.5 38.4 38.1 37.6
Capex 54 86 78 119 320
No. of subscriptions - Change in quarter/Total (in thousands): (91) (21) 3.227 3.502 3.429
ARPU - monthly (NOK) 65 60 62 59 61
Exchange rate (BGN) 4.6906 4.8178 4.7494