Telenor

Thomas Husson | October 29, 2008, 04:42 AM

Telenor is often viewed here as a Nordic telco. However, exactly like Telia Sonera, it is one of the largest mobile operator worldwide, competing with the likes of Vodafone, Telefonica and China Mobile. The company just announced that at the end of Q3 2008, it had reached 159,000,000 subscribers worldwide.

Interestingly, their Asian "business environment is currently more turbulent, and we foresee a period with lower global growth. In Asia in particular, the revenue development continues to be affected by the macro economic development as well as strong competition".

I already posted some comments here on the impact of the economic crisis here but this reinforces the issue of inflation costs in developing economies.

My colleague Pete Nuthall also just published a report "The Economic Downturn Sets Back The European Mobile Consumer Market: Mobile Data Growth Is On Hold As Consumers Turn To SIM-Only Deals". Available on Forrester website here.

If you want a more thorough view, here is Jupiter's Research and Advice for Uncertain Economic Times.