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

  • 3.518 million mobile subscriptions (Q3 2015 – including Telenor Serbia)
  • 1224 employees (Q3 2015 – including Telenor Serbia)
  • Total revenues of NOK 3.450 million (2014 – including Telenor Serbia)
  • Monthly Mobile ARPU: NOK 75 (Q3 2015 – including Telenor Serbia)
  • The headquarters are located in Podgorica
  • General Manager: 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) 3rd quarter First three quarters Year
2015 2014 2015 2014 2014
(NOK in millions)
Revenues
Subscription and traffic 684 635 1.855 1.796 2.389
Interconnect revenues 217 177 575 505 699
Other mobile revenues 35 48 80 96 114
Non-mobile revenues 125 59 323 169 248
Total revenues 1.061 918 2.833 2.566 3.450
EBITDA before other items 404 377 1.015 1.006 1.293
Operating profit 293 286 705 727 913
EBITDA before other items/Total revenues (%) 38.1 41.1 35.8 39.2 37.5
Capex 110 65 317 202 322
No. of subscriptions - Change in quarter/Total (in thousands): 75 152 3.593 3.656 3.585
ARPU - monthly (NOK) 84 75 76 73 73
Exchange rate (RSD) 0.0731 0.0713 0.0712
Exchange rate (EUR) 8.8227 8.2779 8.3534