Telenor Serbia posts revenues of RSD 9.6bn in Q4/2010.

By bne IntelliNews February 9, 2011
The Serbian unit of Norways mobile operator Telenor posted revenues of RSD 9.6bn (EUR 90mn) in Q4/2010, up by 14% y/y, the company said in a statement on its web site. The number of subscriptions increased by 23,000 to some 3mn and the company's market share was 35%. Strong revenue growth combined with a general reduction in expenses and improved efficiency have led to an increase in EBITDA margin by 3 percentage points, Telenor Serbias CFO Gabor Kocsis said.

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