Telenor, which is under pressure from investors and analysts to exit its loss-making joint venture in India, has listed several measures it is undertaking to correct the situation. These include delaying the infusion of additional capital expenditure until revenues improve, breaking even at a core profit level (earnings before interest, tax, depreciation and amortisation) by 2012-end, and positive operating cash flow level by 2014-end. Additionally, the operator plans to bring in the best talent, strategy and know-how from Telenor’s operations in other Asian operations to India to achieve a faster turnaround. The company has intimated its investors that it should expect seven million active subscribers in India in the third quarter of this financial year. It has also added that it is satisfied with the revenue growth posted by Uninor so far in the current quarter.
