Uninor has appointed Yogesh Malik as its Chief Executive Officer (CEO) with immediate effect.
Uninor also informed that Sigve Brekke who was serving as Uninor MD, will be stepping down from his role and will be focussing on his role as the Head of Telenor Group’s Asian Operations. However, Brekke will continue to be responsible for all of Telenor affairs in India. He will formally take over as the Chairman of Uninor following the requisite regulatory clearances.
Malik had joined Uninor as its Chief Operating Officer in 2011 and was responsible for developing Uninor’s operating model. Prior to this, he has held executive positions at Telenor Group headquarter in Norway, and has served as Chief Technology Officer (CTO) of Telenor Group companies in Ukraine and Bangladesh. He has also worked with AT&T, Tata and Ericsson in India and Sweden and for the international mobile operator TIW (today known as Vodafone) in Canada, China, Brazil and the Czech Republic.
Telenor Group also added that it will be represented in India through its country office, which continues to be headed by Rajiv Bawa, its Chief Representative in India, who will be responsible for Telenor Group’s external and strategic affairs in the country.
In April 2013, Uninor had registered an EBITDA loss of NOK 185 million (Rs 1.72 billion) for the quarter, which was a significant improvement from NOK 327 million (Rs 3.21 billion) loss in the previous quarter and NOK 622 million (Rs 5.78 billion) loss in the same quarter last year.
It had reported total India revenues of NOK 708 million (around Rs 6.59 billion) for the quarter ending March 31, 2013, registering a 12.6% decline from NOK 810 million (Rs 7.96 billion) in the previous quarter and a 29.8% decline from NOK 1.01 billion (Rs 9.4 billion) revenues in the same quarter last year.
The company had shut down operations in seven of thirteen telecom circles where it was operational and secured back licences in six circles over the last year. It currently has 23.6 million subscriptions in six telecom circles in the country, including Andhra Pradesh, Bihar, Gujarat, Maharashtra, UP East and UP West.