Oslo, Norway, November 4th, 2013: Conax, a leading global provider of solutions for securing digital video content distribution on all devices and part of the Telenor Group, today announced strong results in Q3. Conax experienced a quarterly revenue growth of 20% with a corresponding EBITDA growth of 24% compared to Q3 12, driven primarily by sales of smart cards, CA Modules and continuous efficiency gains.
“We are seeing robust growth in emerging markets and significant interest and demand for advanced solutions, playing a strong role in the third quarter. Conax also further strengthened its broad customer portfolio with 5 new operators from Europe, Middle East, Africa and South East Asia,” says Morten Solbakken, President and CEO, Conax.
“I am extremely pleased that the new energized profile and Conax direction launched in Q3, 2012, continues to receive such positive affirmation from the market.”
About Conax (www.conax.com)
Conax provides the future-oriented security solutions and expertise that empower multi-screen digital TV content providers around the globe to deliver premium content over the combined Over-The-Top scenario of broadcast, broadband and connected devices securely and eliminate potential revenue threats. Conax Contego™ portfolio of solutions furnish content providers, cable, satellite, IP, mobile and terrestrial operators with solutions that offer a competitive advantage – reduced hardware costs, easy deployment and upgrade. Conax flagship, Conax Contego™, bundles 25 years of pioneering experience into one unique solution to guide operators in navigating and realizing new business models. Through its benchmark policy for security-evaluated client devices and strategic partner network, Conax technology secures content for operators representing 140 million pay TV consumers in over 85 countries around the globe.
ISO 9001 & 27001 certified, Conax is headquartered in Oslo, Norway, and represented in Russia, Germany, Brazil, USA, Canada, Mexico, Indonesia, Philippines, Thailand, China, Singapore, with 24/7 Global Support operations in India. Conax is part of Telenor Group who has operations in 11 markets, 33.000 employees, 150 million mobile subscriptions and is among the world’s largest mobile operators. Telenor corporate responsibility pages . Follow Conax at www.twitter.com/ConaxAS
Conax media contact
Head of Public Relations & Communications, Conax
Mob: +47 41 45 80 43
Telenor Broadcast media contact
Communications Director, TBH
Mob: +47 91 55 96 07