Financial overview
- Operations
Telenor’s operations
Mobile
Total revenues from Telenor’s mobile operations in emerging markets showed significant
growth in 2005, mainly due to an increase in new additions. Kyivstar in Ukraine
experienced a 72% increase in operating revenues, while GrameenPhone in Bangladesh
recorded a growth of 36%. Operations in mature markets showed a modest level
of growth. In Norway, Telenor’s mobile operation registered a 4% increase in
revenues, while the corresponding figure for Pannon in Hungary was 3%.
All of Telenor’s mobile operations, with the exception of Telenor Pakistan, which is currently in a start-up phase, enhanced their operating profits from 2004 to 2005.
Fixed
Total revenues from Fixed were in line with 2004. The reduction in revenues
in Norway was due to a decline in telephony revenues, although this was offset
by the acquisitions of Bredbandsbolaget in Sweden and Cybercity in Denmark,
both of which were made in July 2005.
The operating profit was NOK 0.7 billion lower than in 2004. This was mainly due to writedowns relating to Fixed Sweden.
Broadcast
Total revenues increased by NOK 303 million in 2005, reaching NOK 5,649 million.
The operating profit was NOK 1,015 million, against NOK 750 million in 2004.
This increase is due to growth in subscriptions and lower leasing costs for
satellite capacity.
Other units
Total revenues increased by NOK 427 million in 2005, reaching NOK 9,967 million.
This was mainly due to higher revenues derived from EDB Business Partner. This
was partly offset by reduced revenues from Venture, following the divestment
of activities in 2004.