Telenor Posts Flat Revenues for Q2 2013

Telenor Pakistan has posted Rs. 24.76 billion revenues for second quarter 2013, slightly up by 5 percent when compared with same duration last year.

Revenues from cellular traffic stood at Rs. 18.70 billion, slightly up from 17.25 billion during same duration in 2012.

Telenor group, in its earning report, said that EBITDA margin for group’s Pakistani arm improved by 1 percentage point driven by higher revenues combined with stable operational expenditures.

Report said that operating profit increased due to lower accelerated depreciation following the network modernisation as well as negative other items last year.

Capital expenditure continued to increase as network modernisation progress as scheduled towards completion at the end of 2013.

Telenor said that measures to improve financial efficiency and secure market position will be prioritised going forward.

Telenor once again iterated that increased withholding tax on telecom services from 10% to 15% will impact revenues through reduced customer recharge amount.

Telenor Pakistan Financial Highlights

Read More

This Time Telenor's Tameer Bank Gets Hacked

Below is the screenshot of defaced home page of Tameer Bank:

Tameer Bank, which is majorly owned and operated by Telenor Pakistan, was tonight hacked by Xploiter, the same hacker who has hacked and defaced over 4 banks in just past one week.

This hacking spree over the last few days has hit almost all major banks of Pakistan. And the message has been quite clear: Secure the websites and infrastructure.

It merits mentioning here that EasyPaisa, one of the largest branch-less banking solution in the world, is jointly operated by Telenor Pakistan and Tameer Bank.

Exploiter once again emphasized the lack of security that resulted into all these hacks. While defacing the homepage of Tameer bank, hacker left following message:

You Didn’t Got Lesson after PKNIC , Soneri Bank and Habib Bank , Allied bank , MCB ‘s infrastructure was Hacked ?

Yesterday i got a News Cyber Act gonna be pass in National Assembly But There Must be a Law for Website developement Cyber Act Going to be Passed Next Month! But There Must be a Law for websites Construction Same Like Building’s Construction.

Poorly Coded Pakistani Websites should not be passed to Be Published, Same Like poorly constructed houses are not passed You Know what I mean, If you add it to your Cyber Act 90% of your Cyber Space will be Secured ! Think

Secured Pakistani Cyber Space Zindabad ! !
Senior Pakistani Hackers Were Here :.

Here is the Zone-H mirror: http://zone-h.com/mirror/id/20333805

Read More