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).
  • 3.502 million subscribers (Q2 2016)
  • 37.2 % subscriber market share (end of 2013)
  • 1856 employees  (Q2 2016)
  • Total revenues NOK 2.723 million (2014)
  • 99.98 % population coverage
  • The headquarters are located in Sofia
  • CEO: 

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) 2nd quarter First half year Year
2016 2015 2016 2015 2015
Revenues
Subscription and traffic 569 518 1.136 1.045 2.180
Interconnect revenues 64 46 124 87 195
Other mobile revenues 8 7 14 13 34
Non-mobile revenues 127 105 251 216 531
Total revenues 768 675 1.525 1.360 2.940
EBITDA before other items 295 272 582 525 1.134
Operating profit 150 119 288 292 615
EBITDA before other items/Total revenues (%) 38.5 40.3 38.1 38.6 38.6
Capex 86 93 119 205 525
No. of subscriptions - Change in quarter/Total (in thousands): (21) (52) 3.502 3.762 3.583
ARPU - monthly (NOK) 60 50 60 50 57
Exchange rate (BGN) 4.8178 4.4239 4.5777