Telenor Montenegro

Telenor Montenegro is the country’s largest mobile operator.

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

Telenor inspire me to do my best.

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Telenor Montenegro at a glance

Key facts

  • 3.504 million mobile subscriptions (Q2 2014 – including Telenor Serbia)
  • 1,207 employees (Q2 2014 - including Telenor Serbia)
  • Total revenues of NOK 627 million (2011)
  • Monthly Mobile ARPU: NOK 73 (Q2 2014 – including Telenor Serbia)
  • The headquarters are located in Podgorica
  • General Manager: Michael Malvebo

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 1st half year Year
2014 2013 2014 2013 2013
Revenues
Subscription and traffic 592 579 1 161 1 116 2 364
Interconnect revenues 166 178 328 341 727
Other mobile revenues 27 26 48 45 105
Non-mobile revenues 51 46 111 92 197
Total revenues 838 830 1 648 1 593 3 393
EBITDA before other items 331 342 629 648 1 355
Operating profit 239 265 441 488 1 014
EBITDA before other items/Total revenues (%) 39.5 41.2 38.2 40.7 39.9
Capex 77 55 137 105 242
No. of subscriptions - Change in quarter/Total (in thousands): 37 (26) 3 504 3 560 3 545
ARPU - monthly (NOK) 73 71 71 68 72
Exchange rate (RSD) 0.0717 0.0672 0.0690
Exchange rate (EUR) 8.2792 7.5207 7.8087