STAFF REPORT IBD: Telenor Pakistan, the countrys second largest cellular company, has posted record quarterly revenue of Rs 23 billion, say the fresh figures released by the Telenor Group.

The company registered another 615,000 subscriptions during April-June, ending with 29.9 million subscribers, a growth of 12 per cent over the same quarter last year. The companys EBITDA margin observed an impressive year-to-year growth of 26 per cent, while market share remained stable at 24 per cent.

“I am pleased with the performance of Telenor Pakistan in the second quarter of 2012. Despite operating in a challenging business environment, we have posted strong results, which is a testament of our employees hard work and unrelenting dedication,” said Chief Executive Officer Lars Christian Iuel, while speaking about the solid quarter figures.

During the second quarter of the year, the company launched the second phase of its mobile phone application development project Djuice Apportunity. The company also joined hands with the government of Punjab and Azad Jammu and Kashmir (AJK) for the provision of information service via SMS to farmers.

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