Uninor informed investors that it is gaining market share in India. With a net subscriber growth of 4 million during the quarter ended 30th June 2011, the operator has 21.4 million subscribers in the Indian market. Telenor, the majority stake holes, feels that the outcome of the 2G scam investigations will not affect it negatively, since it had invested in line with Indian authority's guidelines. Last quarter, it had said that its operational focus was on distribution and cost efficiency. However, the 2G spectrum scam was a cause of worry for the company. In its last quarterly report, Telenor also informed investors about Unitech MD Sanjay Chandra and Unitech Wireless, being named in the CBI charge sheet. Uninor holds UAS licence to offer mobile services in the 22 telecom circles in India. It has rolled out in 21 circles and is commercially present in 13 circles. Uninor reported revenues of NOK 698 million (approximately Rs. 565.2 crore) for the quarter ended June 30th 2011, a QoQ increase of 27%. The company's revenue in the same quarter last year stood at NOK 103 million. It registered an EBITDA loss of NOK 965 million(Rs 781.5 crore) lower than previous quarter, mainly due to increased gross margin, and an operating loss of NOK 1206 million (Rs. 976.7 crore). The loss decreased compared to last year's second quarter, when it was at NOK 1323 million, since the company has launched operations in five more circles, last year. Details: Report | Presentation Uninor had begun offering services in…
