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Telenor India’s active Internet connections fall to 8.99M in Q3

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Telenor’s active Internet subscriber base has fallen and the company reported 22% of its connections were active Internet connections for the quarter ended September 30.  While the company hasn’t disclosed any specific number on Telenor’s active Internet base in the country, Telenor reports a total connection base of 40.855 million for the quarter. This translates to an Internet subscriber base of 8.99 million. The telecom operator had reported an Internet base of 10.36 million connections in the preceding quarter or 26% of its subscriber base.

Note that Telenor mentions that the active connection base in India’s operations are more conservative than the rest of the group due to the high churn in the market. Subscriptions in India are considered active if there was activity in the last 30 days, where as for the rest of the group active mobile internet users are subscriptions with at least 150 KB of data during the last three months.

Financials

Telenor group has reported total India revenues of NOK 1.41 billion (around Rs 1083.74 crore as per current rates) for the quarter, registering a 31.38% increase from NOK 1.074 billion in the same quarter last year. On a sequential basis, revenues were up marginally by 3.6% from NOK 1.36 billion.

However, the company reported a negative EBITDA of NOK 58 million for the quarter. It had reported an EBITDA profit of NOK 24 million in the preceding quarter and loss of NOK 136 million in the same quarter last year. Telenor attributed the fall in EBITDA to the rebranding exercise it undertook this September.

Highlights

– ARPU: The total ARPU (Average Revenue Per User) was at Rs 91 for the quarter, down from Rs 95 in the preceding quarter and down from Rs 104 in the same quarter last year.

–  Net Additions: Telenor witnessed one million net additions for the quarter, as compared to 1.3 million net additions in the preceding quarter.

– Total connection base: Telenor reported a total connection base of 40.86 million across six telecom circles Andhra Pradesh, Bihar, Gujarat, Maharashtra, UP East and UP West for the quarter. In comparison, Telenor had a connection base of 39.849 million in the previous quarter. Note that Telenor had secured 6MHz spectrum in Assam in February 2014 2G auctions but is yet to start its operations in that region. In October last year, Telenor had mentioned that it plans to launch services in Assam in early 2015.

Download: Press release | Presentation | Spreadsheet

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