More problems for Telenor in India, posts Rs 3,262 crore operating loss in Q3

Follow Us

Norway-based Telenor Group’s India unit has reported to 4 billion Norwegian krone or Rs 3,262 crore operating loss in the third quarter, widened from NOK 373 million a year earlier, hurt by impairment charges and write-downs worth 4.1 billion Norwegian krone, the company said in a statement.

india




The losses come at a time when the company’s future in India is uncertain as it looks for sale of operations or merger with other companies. In India, the smaller GSM telco has struggled to expand operations and made losses.
Telenor India also gave a miss to spectrum auctions earlier this month in India, adding to the speculation that it might exit the market soon.

“Based on recent observations in the Indian market, the fair value of the licences in Telenor India has been assessed, resulting in an impairment loss of NOK 4 billion,” Telenor said, adding that it followed an assessment of Telenor India’s fair value in the first quarter of 2016, when an impairment loss of NOK 2.3 billion was recognised.
Telenor India holds 4G airwaves in seven circles, it offers 2G services in six – Andhra Pradesh, Uttar Pradesh East and West, Bihar, Gujarat and Maharashtra and has started operations in Assam.

Telenor India’s revenue in the quarter increased 12% in local currency and it posted NOK 1.5 billion revenue in the third quarter, as compared to NOK 1.4 billion. The telco’s subscription and traffic revenues reached NOK 1311 million in the second quarter, up from NOK 1213 million in a year earlier period.

Telenor’s interconnect revenues stood at NOK 220 million, up from NOK186 in the last year’s quarter. The telco said that its subscriber base went down by 186,000 in the third quarter, and the overall base was 9% higher on the quarter than the same quarter last year.

ARPU in local currency increased slightly to Rs 92, the company said, adding that the EBITDA improved significantly during the quarter to reach NOK 132 million, as result of the revenue growth and positive effects from the ongoing network modernization programme.

Media reports earlier said that the company was in talks with Tikona Digital for merging parts of its broadband spectrum business.

Reported By

Telecom Analyst

Passionately following the Indian #Telecom Industry for over a decade from Business, Consumer and a Technical perspective. My primary focus area is Consumer & Digital Experience.

Recent Comments

rahul_yadav :

The problem with people like you is that you don’t know anything and don’t even try to do research and…

Jio Starter Pack Rs 349 for Prepaid Users: Benefits Worth…

Shaji Pappan :

I also have same experience no one called after booking fibre, later booked airtel fibre they installed the connection within…

BSNL Told to Grow Consumer Mobility by 50 Percent, Enterprise…

Arvind :

Ordinary people like you and millions others have common sense, but not Vi management. But still, they will continue till…

Airtel, Jio Add Wireless Subscribers in June 2025, While Vodafone…

Arvind :

What else can be expected from jhumlebaazs

Jio Starter Pack Rs 349 for Prepaid Users: Benefits Worth…

Arvind :

Blind bhaks like you, defending the wrongs, are reason Indian governance is in such poor condition today. NCR/Delhi is not…

Jio Starter Pack Rs 349 for Prepaid Users: Benefits Worth…

Load More
Subscribe
Notify of
guest
4 Comments
newest
oldest most voted
Inline Feedbacks
View all comments