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

  • 3.301 million mobile subscriptions (Q3 2017 – including Telenor Serbia)
  • 910 employees (Q3 2017 – including Telenor Serbia)
  • Total revenues of NOK 3.894 million (2016 – including Telenor Serbia)
  • Monthly Mobile ARPU: NOK 84 (Q3 2017 – 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

Third quarter First three quarters Year
2017 2016 2017 2016 2016
(NOK in millions) Restated* Restated* Restated*
Revenues
Subscription and traffic 668 663 1.861 1.891 2.486
Interconnect revenues 160 183 459 578 752
Other mobile revenues 37 46 75 88 106
Non-mobile revenues 181 118 459 355 491
Total revenues 1.045 1.011 2.854 2.912 3.835
Operating expenditures 241 262 734 780 1.039
EBITDA before other items 436 413 1.100 1.090 1.395
Operating profit 296 286 692 716 883
EBITDA before other items/Total revenues (%) 41,7 40,8 38,5 37,4 36,4
Capex 71 179 223 345 490
No. of subscriptions – Change in quarter/Total (in thousands): 59 102 3.301 3.487 3.339
ARPU – monthly (NOK) 84 82 79 80 79
Exchange rate (RSD) 0,0755 0,0762 0,0755
Exchange rate (EUR) 9,2340 9,3758 9,2889