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

  • 3.385 million mobile subscriptions (Q2 2016 – including Telenor Serbia)
  • 1242 employees (Q2 2016 – including Telenor Serbia)
  • Total revenues of NOK 3.450 million (2014 – including Telenor Serbia)
  • Monthly Mobile ARPU: NOK 80 (Q2 2016 – 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) 2nd quarter First half year Year
2016 2015 2016 2015 2015
Revenues
Subscription and traffic 620 599 1.228 1.171 2.467
Interconnect revenues 191 190 395 358 790
Other mobile revenues 27 24 42 45 100
Non-mobile revenues 136 105 264 198 458
Total revenues 976 918 1.928 1.772 3.815
EBITDA before other items 342 325 638 611 1.329
Operating profit 214 227 383 411 902
EBITDA before other items/Total revenues (%) 35.1 35.4 33.1 34.5 34.8
Capex 98 102 180 207 776
No. of subscriptions - Change in quarter/Total (in thousands): 2 (12) 3.385 3.518 3.443
ARPU - monthly (NOK) 80 75 80 72 77
Exchange rate (RSD) 0.0767 0.0716 0.0742
Exchange rate (EUR) 9.4226 8.6523 8.9530