Uninor posts operating profit in Q1 after licence refund

Thursday 8 May 2014 | 16:31 CET | News
Indian mobile operator Uninor posted an operating profit of NOK 1.531 billion in the first quarter of 2014 compared to a net loss of NOK 194 million in the year-ago period, parent company Telenor said in its earnings release. Operating profit was positively influenced by an offset of the initial licence fee of INR 16.6 billion (NOK 1.7 billion) paid by Unitech Wireless in 2008, the company said. Uninor's quarterly revenues reached NOK 919 million versus NOK 708 million in the same period the previous year. The operator's capex for the period totaled NOK 117 million compared to NOK 36 million

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Categories: Mobile & Wireless
Companies: Telenor / Uninor
Countries: India
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