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).
  • 3.762 million subscribers (Q3 2015)
  • 37.2 % subscriber market share (end of 2013)
  • 2068 employees  (Q3 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) 3rd quarter First three quarters Year
2015 2014 2015 2014 2014
(NOK in millions)
Revenues
Subscription and traffic 566 555 1.611 1.580 2.142
Interconnect revenues 53 37 140 103 142
Other mobile revenues 16 12 28 24 30
Non-mobile revenues 138 103 353 283 410
Total revenues 772 707 2.132 1.989 2.723
EBITDA before other items 314 291 839 788 1.041
Operating profit 139 (73) 431 (444) (406)
EBITDA before other items/Total revenues (%) 40.7 41.1 39.3 39.6 38.2
Capex 84 218 290 308 681
No. of subscriptions - Change in quarter/Total (in thousands): - 42 3.762 4.047 3.901
ARPU - monthly (NOK) 55 49 51 47 48
Exchange rate (BGN) 4.5111 4.2325 4.2711