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) First quarter Year
2014 2013 2013
Revenues
Subscription and traffic 569 537 2 364
Interconnect revenues 161 162 727
Other mobile revenues 21 18 105
Non-mobile revenues 59 46 197
Total revenues 811 763 3 393
EBITDA before other items 298 306 1 355
Operating profit 203 223 1 014
EBITDA before other items/Total revenues (%) 36.8 40.1 39.9
Capex 60 50 242
No. of subscriptions - Change in quarter/Total (in thousands): (78) (21) 3 545
ARPU - monthly (NOK) 70 65 72
Exchange rate RSD 0.0722 0.0665 0.0690
Exchange rate EUR 8.3471 7.4277 7.8087