Due to an uncertain regulatory environment, Uninor has re-allocated its resources to the nine most profitable circles including Mumbai, Maharashtra & Goa, UP East, UP West, Bihar and Jharkhand, Kolkata, West Bengal, Andhra Pradesh and Gujarat to reduce the cost for the operations and the risk of its India investment. Telenor has reported a Profit after tax of NOK 2.06 billion (Rs 18.95 billion) for the quarter ending June 30, 2012, down from NOK 4.49 billion (Rs 41.31 billion) profit in the same quarter last year. The total revenue stood at NOK 25.36 billion (Rs 233.32 billion), up from NOK 24.36 billion (Rs 224.12 billion) in the same quarter last year. With a net subscriber growth of 2 million during the quarter ended 31st March 2012, the operator has 33.7 million subscribers in the Indian market. Uninor holds UAS licence to offer mobile services in the 22 telecom circles in India. It had rolled out in 21 circles and was commercially present in 13 circles until today's announcement, following which it is scaling down its operations in four circles including Tamil Nadu, Kerala, Karnataka and Orissa. The company is also targeting a self-financing operation by end of 2013. Uninor reported revenues of NOK 1034 million (Rs 9.51 billion) for the quarter ended June 30, 2012, an 8% QoQ increase in local currency and 66% YoY increase in local currency. The company said that the growth was due to increased subscription base. It registered an EBITDA loss of NOK 625 million (Rs 5.75 billion), slightly higher than the previous quarter loss of NOK 622 million (Rs 5.72 billion)…
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