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Telenor Recruiting For India Launch, Expecting NOK 2-2.5B EBITDA Loss

[caption id="attachment_4145" align="alignright" width="220" caption="Telenor President & CEO Jon Fredrik Baksaas"] [/caption] Growth in all of Telenors Asian operations slowed down in Q1 2009, compared to Q1 2008. "A key operational priority in 2009 is the start of our Indian operations.  We clearly acknowledge that we have many challenges ahead of us. However, we are on track and are confident", said Telenor President & CEO Jon Fredrik Baksaas, speaking at an investor conference. Telenor acquired a 33.5% ownership stake in Unitech Wireless on March 20, 2009, through a capital injection of NOK 1.7 billion, and is scheduled to increase its stake to 67.5% during the year with an additional NOK 6.4 billion, which will result in a total shareholding of 67.25%. This, however, depends on approval from India's Foreign Investment Promotion Board. Telenor expects that the investment in India will contribute with marginal increase in organic revenues, an EBITDA loss in the range of NOK 2–2.5 billion and capex in the range of NOK 5.5–6.5 billion for 2009. Details: Report | Presentation | Webcast Baksaas said that the recruitment of personnel is ongoing, as is hiring of vendors and suppliers. "Our plan is to launch services in a limited number of circles in the second half of this year. We're taking the circle by circle approach for launch, " he added. Differentiation of Services? Responding to MediaNama's question about how the new telco will differentiate its services in a low ARPU market, Baksaas sidestepped the question - If we go deep into the competence…

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Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

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