New figures show solid growth in Telenor companies in Denmark  

2007.08.01
New Q2 figures show that mobile phone operator Sonofon and broadband supplier Cybercity, both companies owned by Norway's Telenor, continue their growth on the Danish market
New Q2 figures show that mobile phone operator Sonofon and broadband supplier Cybercity, both companies owned by Norway's Telenor, continue their growth on the Danish market. Sonfon increased its revenues by 4% to DKK 1.3 bn (USD 234 m), while earnings (EBITDA) were up by 30% to DKK 377 m (USD 67.9 m) compared to the same period last year. Sonofon also increased its number of mobile customers by 30,000 to 1,468,000 [the population in Denmark is 5.4 m – Ed].
 
In May, Telenor acquired Tele2 Denmark for DKK 835 m (USD 150 m), comprising 227,000 mobile customers, 76,000 broadband customers and 173,000 fixed net customers.
 
Henrik Clausen, MD of Sonfon and Cybercity comments: "We expect continued increased growth in the rest of 2007, and with the acquisition of Tele2 we look forward to further strengthening our collective business in Denmark. The acquisition emphasises our level of ambition and gives us volume and strength to give our customers new and relevant products, including product packs, which combine mobile telephony, broadband and quality ensured  broadband telephony."
 
Cybercity increased its revenues by 23% to DKK 212 m (USD 38.2 m), while earnings were up by 10% to DKK 62 m (USD 11.2 m). "More and more Danes are replacing their previous internet connections with broadband, and competition has sharpened in this area to the benefit of customers. We expect increased growth in both low and high bandwidth, and increasing numbers of customers wanting Cybercity's quality ensured broadband telephony," says Clausen. The news was reported by UgensErhverv.dk
 
Link > Telenor 

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