Telenor Hungary's Profit Hit By Windfall Taxes
- 22 Feb 2013 7:59 AM
Fourth-quarter ebitda at Telenor’s Hungarian operations fell to Ft 11.65 billion from Ft 11.77 billion one year earlier, despite a rise in revenues from Ft 41.4 billion to Ft 42 billion, the mobile-phone service provider has announced. Telenor’s average revenue per user rose to Ft 3,629 from Ft 3,577.
The company paid Ft 2.4 billion in sectoral tax in the fourth quarter, as well as Ft 2.4 billion in the telephone tax introduced in the second half of 2012.
Telenor had 3.521 million subscribers at the end of 2012, 62,000 more than one year earlier, giving it 31.78% of the mobile phone market and 30.13% of the mobile internet segment.
Capital investments in the fourth quarter declined to Ft 2.35 billion from Ft 8.75 billion one year earlier, when Telenor carried out a network development project.
Source: Hungary Around the Clock
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