“We are very pleased that our flexible offers, innovative services and superfast network proved to be attractive and more customers opted for upgrading their subscriptions or purchasing new smartphones from us. We will continue to extend the benefits of Hipernet and help our customers to get the most out of it through our innovative offers and solutions”, commented Christopher Laska, CEO of Telenor Hungary.

* Revenue in Q2 2014 increased by HUF 0.7bn in comparison to last year’s same period. The increase was driven by smartphone sales and some positive one-off items,
* Nominal EBITDA before other items slightly decreased from the 2013 Q2 level as a result of higher telecommunications tax on business customers.
* EBIT deteriorated in Q2 2014 compared to prior year due to higher depreciation costs.
* Capital expenditure – excluding licenses - increased by HUF 1bn driven by 4G rollout and related transmission investments
* The number of subscriptions has decreased by 34k during the quarter reaching a closing balance of 3,435 thousand, due to a governmental tender. Closing market share (of used cards) by the end of Q2 2014 was 31.03%.
* The number of mobile internet customers increased to 1,057,000 from 803,000 in Q2 2013 representing a growth of 253,000 or 31%.
* Blended ARPU has increased compared to Q1, but is somewhat lower than in the same period of last year.

Source: Telenor