Uninor has narrowed its operating loss in India to NOK 107 million for the second quarter ended June 30, 2013.
According to the operator, product opimisation measures and higher average revenue from subscribers has enabled the company to narrow its operating loses. Earlier, it had reported a net loss of NOK 619 million during the corresponding quarter in 2012.
For the period under review, Uninor?s revenue declined from NOK 1,034 million in the quarter ended June 2012 to NOK 728 million for the quarter ended June 2013. During the quarter, the operator added 0.9 million subscribers taking its total subscriber base to 24.5 million. In comparison, Uninor?s subscriber base in the second quarter of 2012 in six circles stood at 23.5 million.
Further, Uninor has witnessed an increase in average revenue per user from Rs 94 in the first quarter of 2013 to Rs 97 in the second quarter of 2013. The monthly churn rate for the operator stood at 6 per cent. For the period under review Uninor?s earnings before interest, taxes, depreciation and amoritisation stood at NOK 153 million as a result of the revenue development and product optimisation positively impacting the gross margin.
Uninor has achieved breakeven in three circles and going forward it aims to achieve breakeven in three other circles by the end of 2013. The company also plans to expand its presence across six circles by increasing the number of telecom sites and sales outlets.
Commenting on the results, Yogesh Malik, chief executive officer, Uninor, said, ?With each quarter, Uninor is moving closer to its commitment of a pan-operations breakeven – not through higher tariffs but by keeping our promise of being the most affordable brand in the market.?
He added, ?Revenues in local currency in the six circles increased by 7 per cent compared to second quarter last year despite negative development in Maharashtra following closure of neighbouring Mumbai circle earlier this year.?
