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Telenor India posts second quarter results, widens losses

July 19, 2016
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Telenor India's operating loss widened from NOK 90 million (Rs 713 million) during quarter-ended June 2015 to NOK 132 million (about Rs 1.05 billion) during the corresponding quarter in 2016.

Operating profit was negatively impacted by NOK 224 million (Rs 1.78 billion) in impairments and write-downs, but was offset by lower depreciations following the impairment and write-down of assets in the first quarter of 2016.

The total revenue, however, grew by about 12.73 per cent from NOK 1,362 million (Rs 10.80 billion) to NOK 1,551 million (Rs 12.30 billion) during the period under consideration.

At the end of quarter under consideration, Telenor India’s subscription base was 13 per cent higher than the same quarter in 2015. ARPU fell by 2 per cent to Rs 93. The company said that the decline was primarily driven by lower voice consumption, partly compensated by increased data usage.

Telenor India' subscription and traffic revenues grew from NOK 1178 million to NOK 1328 million.

The EBITDA improved on account of revenue growth and positive effects from the ongoing network modernisation programme, including one-off positive impact of NOK 32 million related to reconciliation with various vendors.

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