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

  • 3.339 million mobile subscriptions (Q4 2016 – including Telenor Serbia)
  • 1133 employees (Q4 2016 – including Telenor Serbia)
  • Total revenues of NOK 3.894 million (2016 – including Telenor Serbia)
  • Monthly Mobile ARPU: NOK 75 (Q4 2016 – including Telenor Serbia)
  • The headquarters are located in Podgorica
  • CEO Telenor Montenegro & Serbia: Ingeborg Øfsthus
  • Managing Director, Telenor Montenegro: 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) 1st quarter Year
2017 2016 2016
Restated Restated
Revenues
Subscription and traffic 568 607 2.486
Interconnect revenues 142 203 752
Other mobile revenues 16 14 106
Non-mobile revenues 128 115 491
Total revenues 854 940 3.835
EBITDA before other items 300 317 1.395
Operating profit 173 193 883
EBITDA before other items/Total revenues (%) 35.2 33.7 36.4
Capex 67 71 490
No. of subscriptions - Change in quarter/Total (in thousands): (88) (59) 3.339
ARPU - monthly (NOK) 72 79 79
Exchange rate (RSD) 0.0726 0.0777 0.0755
Exchange rate (EUR) 8.9892 9.5264 9.2889