Japanese telecom gaint Softbank recorded a loss of $350 million for last nine months of 2016 in the fair value of the Company’s investments in India. The loss comes on top of a $555 million writedown on the value of Softbank’s India portfolio in the six-month period ending September 2016. “With reference to the current markdown, portfolio…
Uninor, the Indian unit of Norway’s Telenor ASA, posted a higher operating loss of NOK 170 million (Rs 164.8 crore approx) in the second quarter of 2014, compared with NOK 107 million (Rs 103.7 crore approx) a year earlier, as investments into network expansion ate into its strong revenue growth.
Loss before interest, tax, depreciation and amortization, other income and expenses at NOK 106 (Rs 102.7 crore) million was narrower than NOK 153 million (Rs 148.3 crore) in the same period a year ago. But it is higher than NOK 83 million (Rs 80 crore approx) in the first quarter, this year.
But quarterly revenue of Telenor’s India business, which runs under the Uninor brand, climbed over 40% to NOK 1021 million (Rs 989.7 crore) from NOK 728 million (Rs 705.7 crore) a year ago, Telenor said on its website Wednesday.
The quarterly revenue spurt was triggered by strong subscriber additions, improved usage and increased consumer market share. For instance, Uninor’s subscriber base improved by 33% while its average revenue per user (ARPU) grew 11% to Rs 108.
At present, Uninor operates GSM services in six circles — UP East, UP-West, Bihar (including Jharkhand), Andhra Pradesh, Maharashtra (including Goa) and Gujarat. It will shortly launch services in Assam, where it acquired airwaves in the last auction. Original post at Telecom The Economic Times