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

  • 3.487 million mobile subscriptions (Q3 2016 – including Telenor Serbia)
  • 1231 employees (Q3 2016 – including Telenor Serbia)
  • Total revenues of NOK 3.450 million (2014 – including Telenor Serbia)
  • Monthly Mobile ARPU: NOK 82 (Q3 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) 3rd quarter First three quarters Year
2016 2015 2016 2015 2015
Revenues
Subscription and traffic 663 684 1.891 1.855 2.467
Interconnect revenues 183 217 578 575 790
Other mobile revenues 46 35 88 80 100
Non-mobile revenues 134 125 398 323 458
Total revenues 1.026 1.061 2.954 2.833 3.815
EBITDA before other items 391 404 1.029 1.015 1.329
Operating profit 261 293 643 705 902
EBITDA before other items/Total revenues (%) 38.1 38.1 34.8 35.8 34.8
Capex 180 110 361 317 776
No. of subscriptions - Change in quarter/Total (in thousands): 102 75 3.487 3.593 3.443
ARPU - monthly (NOK) 82 84 80 76 77
Exchange rate (RSD) 0.0762 0.0731 0.0742
Exchange rate (EUR) 9.3758 8.8227 8.9530