Telenor Montenegro

Telenor Montenegro is the country’s largest mobile operator.

Telenor Montenegro offers mobile voice, roaming, value-added services and mobile data services.

Key facts

  • 3.241 million mobile subscriptions (Q2 2017 – including Telenor Serbia)
  • 922 employees (Q2 2017 – including Telenor Serbia)
  • Total revenues of NOK 3.894 million (2016 – including Telenor Serbia)
  • Monthly Mobile ARPU: NOK 80 (Q2 2017 – including Telenor Serbia)
  • The headquarters are located in Podgorica
  • CEO Telenor Montenegro & Serbia: Ingeborg Øfsthus
  • Managing Director, Telenor Montenegro: Sandra Stajner

Historical background

After launching mobile services in 1996, Telenor Montenegro (formerly Promonte) quickly developed the network coverage across the country, overcoming the geographical challenges presented by the mountainous terrain of this Balkan country. Telenor Montenegro has become a quality operator within all segments, focusing its products and services on simplicity of tariff structure and user-friendliness.

Telenor Montenegro has been fully owned by Telenor since 2004.

Analytical information

For detailed information on regulatory matters, network, licenses and competitors, see our business descriptions for Telenor Montenegro.

Company Website

Visit Telenor Montenegro’s website

Key Figures for Telenor Montenegro

(NOK in millions) Second quarter First half year Year
2017 2016 2017 2016 2016
Restated Restated Restated
Revenues
Subscription and traffic 626 621 1.193 1.228 2.486
Interconnect revenues 157 191 299 395 752
Other mobile revenues 22 28 39 42 106
Non-mobile revenues 150 122 278 236 491
Total revenues 955 961 1.809 1.901 3.835
Operating expenditures 244 248 493 517 1.039
EBITDA before other items 364 360 664 677 1.395
Operating profit 223 236 396 430 883
EBITDA before other items/Total revenues (%) 38.1 37.5 36.7 35.6 36.4
Capex 84 95 152 166 490
No. of subscriptions - Change in quarter/Total (in thousands): (10) 2 3.241 3.385 3.339
ARPU - monthly (NOK) 80 80 76 80 79
Exchange rate (RSD) 0.0744 0.0767 0.0755
Exchange rate (EUR) 9.1738 9.4226 9.2889