Telewings Communications, which operates under the brand name ?Uninor?, has reported an increase in its losses, from NOK 132 million in the quarter ended December 2013 to NOK 285 million for the quarter ended December 2014. This is despite the fact that the company was able to improve its revenues by 41.9 per cent from NOK 836 million to NOK 1,187 million during the same period. The company’s earnings before interest, taxes, depreciation remained negative and widened from NOK 112 million to NOK 197 million, also during the same period.
The company?s capex has increased from NOK 84 million for the quarter ended December 2013 to NOK 130 million for the corresponding quarter of 2014. Further, its average revenue per subscription per month (ARPU) has marginally improved from NOK 10 to NOK 11 during the same period.
