Telenor announced its quarter four results ended December 31, 2009 managing a profit growth of 27% at $ 423 million or 2.49 billion kroner. Revenues however declined to 24.19 billion kroner from 25.86 billion kroner a year ago.

"There have been improvements in the Asian region, where subscriber growth picked up in all our operations. Telenor in Pakistan continued the positive development and DTAC in Thailand delivered strong results combined with revenue recovery. The listing of Grameenphone (of Bangladesh) in November has been met with overwhelming interest in the market," said the company.

Its India venture, Uninor managed a operating profit of 755 million kroner in the quarter under consideration.