A strong third quarter performance for Telenor was underlined by the telco’s domestic market, where there was growth in fixed broadband and TV revenues.
Revenues from fixed internet and TV increased by 9%, more than offsetting effects of reduced demand for traditional telephony, ADSL and wholesale products.
However, there remains a problem with subscriber erosion for the satellite delivered Canal Digital, which lost another 8,000 subscribers on the quarter, reducing its base to 843,000.
Total revenues in Broadcast decreased by 2 per cent, while the EBITDA increased by 3 per cent. The fall is largely attributable to the shut-down of FM broadcasting in Norway, and a wholesale contract for transponder capacity which was converted into a financial lease in the second quarter of 2017.