In the quarter where Telenor group had tied up with Lakshdeep Investments & Finance to create a new joint venture Telewings Communications, the group had reported total India revenues of NOK 810 million (around Rs 7.96 billion), up 13.5% from NOK 863 million (Rs 8.48 billion) sequentially but down 13.46% from NOK 936 million (Rs 9.2 billion) revenues in the corresponding quarter last year. Here are some notes from Uninor's earnings conference call: - Telenor CEO Jon Fredrik Baksaas said that 2012 was quite a roller coaster year for the company in terms of licenses. During the quarter, the company has reached an important milestone in securing continuation of its operations in India. In October, Telenor reached a settlement with its previous partner Unitech and found a new partner to continue its Indian operations. - 2G Spectrum Auction: In November 2012, the new joint venture Telewings Communications participated in the 2G spectrum auction and secured 24 blocks of spectrum in 6 of its best performing circles including Andhra Pradesh, Bihar, Gujarat, Maharashtra, UP East and UP West, for a total of Rs 4,018.28 crore, of which one-third was paid up-front. Baksaas noted that these six circles account for 600 million people in India and they expect the penetration to reach 40% in these regions. - Restructuring Indian Operations: Baksaas mentioned that the restructuring process is going as expected. Telenor has downscaled operations in four circles (Tamil Nadu, Kerala, Karnataka and Orissa) already and in December 2012, it gave service termination notices to subscribers in Kolkata and West Bengal due to lack of new spectrum. The…
- Quick Take: ChatGPT has revived the debate about AI taking away jobs January 31, 2023
- MediaNama Daily: Will this truth last forever? January 31, 2023
- India’s Health Stack: Plans for “Single Source Of Truth” January 30, 2023
- Twitter plans to limit permanent account suspensions on its platform January 30, 2023
- What’s the deal with Andhra Pradesh’s new family doctor system? January 30, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
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...
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...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
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...