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Uninor Q1-2013 ARPU At Rs 94; NOK 185M EBITDA Loss

For the quarter ending March 31, 2013, Telenor group has reported a total ARPU (Average Revenue Per User) of Rs 94 (NOK 10), up from Rs 91 (NOK 10) sequentially but down from Rs 98 (NOK 11) in Q1 2012.

Telenor India ARPU

Decline In Subscription Base

Telenor saw a decline of 3.26 million subscribers during the quarter. The company attributed this decline to closing down operations in seven of thirteen telecom circles where it was operational, in 2012 and in Q1 2013.

Uninor had shut down its operations in Kolkata and West Bengal in February 2013 and was forced to shut down its operations in Mumbai at the same time, after a Supreme Court order directed all operators who did not win spectrum in the November auctions to close down services immediately.  The company said that shutting down operations in Mumbai, West Bengal and Kolkata had resulted in a decline of 4.6 million subscribers during the quarter. However in the remaining six operational circles, Uninor was able to add 1.4 million subscribers during the quarter.

Telenor currently has 23.6 million subscriptions in six telecom circles in the country, including Andhra Pradesh, Bihar, Gujarat, Maharashtra, UP East and UP West. The company reported a monthly churn rate of 5%, down from 12% in the previous quarter.

Financials

Telenor group has reported total India revenues of NOK 708 million (around Rs 6.59 billion) for the quarter ending March 31, 2013, registering a 12.6% decline from NOK 810 million (Rs 7.96 billion) in the previous quarter and a 29.8% decline from NOK 1.01 billion (Rs 9.4 billion) revenues in the same quarter last year.

It registered an EBITDA loss of NOK 185 million (Rs 1.72 billion) for the quarter, a significant improvement from NOK 327 million (Rs 3.21 billion) loss in the previous quarter and NOK 622 million (Rs 5.78 billion) loss in the same quarter last year. The operating loss stood at NOK 194 million (Rs 1.81 billion) for the quarter, a major improvement from NOK 444 million (Rs 4.36 billion) loss in the previous quarter and NOK 4.68 billion (Rs 43.55 billion) loss in the same quarter last year.

Telenor India Revenues

The company attributed this improvement to winding down operations in seven of thirteen telecom circles, increased network efficiency and a reduced sales and acquisition cost. Telenor also mentioned that its organic revenues in six active telecom circles had increased by 3% from the previous quarter and 7% from Q1 2012. However, it didn’t disclose any specific numbers regarding this.

Bank Guarantee To DoT: As of March 31, 2012, Telenor ASA has issued bank guarantees worth NOK 2.6 billion (Rs 24.2 billion), of which NOK 1.2 billion (Rs 11.2 billion) has been issued to India’s Department of Telecom (DoT) and NOK 1.4 billion (Rs 13.03 billion) relates to interest-bearing debt.

Download: Press Release | Report | Presentation

Related:

Updated: Uninor Q4 2012: ARPU Rs 95; Total Revenue Up 13.5% To NOK 810 Million
– Telenor Talks About Indian Operations, Future Plans
– Uninor Q3 2012: ARPU At Rs 89; Revenues At NOK 863 Million
– Uninor Q2 2012: ARPU at Rs 97; Revenues at NOK 1034 Million

Update: Added ARPU figures in NOK (Norwegian Krone) currency.

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