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 (Q2 2015 – including Telenor Serbia)
  • 1240 employees (Q2 2015 – including Telenor Serbia)
  • Total revenues of NOK 3.450 million (2014 – including Telenor Serbia)
  • Monthly Mobile ARPU: NOK 75 (Q2 2015 – 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
2015 2014 2015 2014 2014
(NOK in millions)
Revenues
Subscription and traffic 599 592 1.171 1.161 2.389
Interconnect revenues 190 166 358 328 699
Other mobile revenues 24 27 45 48 114
Non-mobile revenues 105 51 198 111 248
Total revenues 918 838 1.772 1.648 3.450
EBITDA before other items 325 331 611 629 1.293
Operating profit 227 239 411 441 913
EBITDA before other items/Total revenues (%) 35.4 39.5 34.5 38.2 37.5
Capex 102 77 207 137 322
No. of subscriptions - Change in quarter/Total (in thousands): (12) 37 3.518 3.504 3.585
ARPU - monthly (NOK) 75 73 72 71 73
Exchange rate (RSD) 0.0716 0.0717 0.0712
Exchange rate (EUR) 8.6523 8.2792 8.3534