Security provider Conax with strong Q2 revenue growth

Oslo, Norway, July 25th, 2013: Conax, a leading global provider of solutions for securing multi-device and digital video content distribution and part of the Telenor Group, today announced strong Q2 results. Conax saw revenue growth of 14% from the same quarter last year driven by increased smartcard sales. Overall margin decreased due to lower prices in emerging markets, resulting in flat EBITDA growth.

“To support the growth and expansion of operators in their respective markets, we have expanded and strengthened our product and services portfolio materially over the last year, as well as our organization, to provide guidance to and support the future development of our customers. I am highly pleased that our efforts are resulting in strong financial results”, Morten Solbakken, President & CEO, Conax.

Conax media contact
Leslie Johnsen
Head of Public Relations & Communications, Conax
Mob: +47 41 45 80 43
Email: leslie.johnsen@conax.com

Telenor Broadcast media contact
Jørgen Thaule,
Communications Director, TBH
Mob: +47 91 55 96 07
Email: Jorgen.thaule@telenor.com

About Conax (www.conax.com)
Conax provides future-oriented security solutions and expertise that empower multi-screen and 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. Bundling 25 years of pioneering content security experience, the Conax Contego™ portfolio of solutions, including Conax OTT and multiscreen solutions Conax Contego Unite™ and Conax   Xtend Multiscreen™, provides operators with the competitive advantage, highly secure solutions, flexibility, reduced hardware costs and easy deployment and upgrade. Through its benchmark policy for security-evaluated client devices and strategic partner network, Conax technology secures content for operators representing 125 million pay TV consumers in over 85 countries around the globe. Conax is part of Telenor Group who has operations in 11 markets, 32,000 employees, 148 million mobile subscriptions and is among the world’s largest mobile operators. Corporate responsibility. Follow Conax on Twitter