wordpress blog stats
Connect with us

Hi, what are you looking for?

Uninor Reports NOK 1132 Million EBITDA Loss For Q2; 60% Subs Opt For Dynamic Pricing

60% of its subscribers have opted for the dynamic price plan, Telenor CEO & President Jon Fredrik Baksaas said on an earnings conference call held in Norway today. "We're able to deliver it because our network is probably the most modern. Throughout the the day, we can pinpoint periods throughout the rates, to offer special rates." Uninor execs pointed out the prevalent multi-SIM usage pattern across India, and said that they're going to use the dynamic price plan to build loyalty, and become the primary SIM in use. The technology allows the company to send an SMS to opt-in consumers, offering special rates for an hour, thus also allowing Uninor to improve network utilization, and "this has a direct effect on ARPU." Uninor reported revenues of NOK 103 million (approximately र 78 crore) for the quarter ended June 30th 2010, and an EBITDA loss of NOK 1132 (र 854 crore) on account of network operation and sales and marketing costs, and an operating loss of NOK 1323 (र 1002 crore). During the quarter, Uninor also announced the resignation of Stein-Erik Vellan as MD; Vellan was spearheaded the rollout of operations for Uninor has moved to another position within Telenor,and Sigve Brekke, Head of Telenor Asia Region was appointed MD, pending regulatory and statutory approvals in India. This effectively marks a change for Uninor, from being in startup mode to operational. Uninor had begin offering services in December 2009. Telenor owns 67.25% in Uninor, while the Unitech Group owns 32.75%. Allocation of CAPEX?…

Please subscribe/login to read the full story.
Written By

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

Free Reads

News

The company’s customer base also added 10.9 million net subscribers this quarter, taking its total subscriber base from 470.9 million in Q3FY24 to 481.8...

News

Satirist Kunal Kamra’s legal representative argues before the third referral judge that a fact-check unit will muzzle free speech online

News

Starlink's plans to to conduct its trials in India were earlier stalled by the Indian govt as the company did not have the necessary permissions...

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ