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

  • 3.339 million mobile subscriptions (Q4 2016 – including Telenor Serbia)
  • 1133 employees (Q4 2016 – including Telenor Serbia)
  • Total revenues of NOK 3.894 million (2016 – including Telenor Serbia)
  • Monthly Mobile ARPU: NOK 75 (Q4 2016 – 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) Fourth quarter Year
2016 2015 2016 2015
Revenues
Subscription and traffic 595 611 2.486 2.467
Interconnect revenues 174 215 752 790
Other mobile revenues 17 20 105 100
Non-mobile revenues 153 136 551 458
Total revenues 940 982 3.894 3.815
EBITDA before other items 285 314 1.314 1.329
Operating profit 142 197 786 902
EBITDA before other items/Total revenues (%) 30.3 32.0 33.7 34.8
Capex 151 459 512 776
No. of subscriptions - Change in quarter/Total (in thousands): (148) (150) 3.339 3.443
ARPU - monthly (NOK) 75 79 79 77
Exchange rate (RSD) 0.0755 0.0742
Exchange rate (EUR) 9.2889 8.9530