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).
  • 3.583 million subscribers (Q4 2015)
  • 37.2 % subscriber market share (end of 2013)
  • 2111 employees  (Q4 2015)
  • 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 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) 4th quarter Year
2015 2014 2015 2014
(NOK in millions)
Revenues
Subscription and traffic 570 562 2.180 2.142
Interconnect revenues 55 38 195 142
Other mobile revenues 6 6 34 30
Non-mobile revenues 177 128 531 410
Total revenues 809 734 2.940 2.723
EBITDA before other items 295 253 1.134 1.041
Operating profit 184 38 615 (406)
EBITDA before other items/Total revenues (%) 36.5 34.4 38.6 38.2
Capex 236 373 525 681
No. of subscriptions - Change in quarter/Total (in thousands): (179) (146) 3.583 3.901
ARPU - monthly (NOK) 57 50 52 48
Exchange rate (BGN) 4.5777 4.2711