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Telenor India losses at $15.4M in Q2 2016; added 800K subscribers

Telenor India added 800,000 new subscribers during the quarter ended June 30 (Q2 2016) taking the total subscriber base to 44.9 million in India, the company said while announcing its quarterly results. Globally, Telenor added 3.4 million mobile subscribers during the quarter, taking the overall mobile subscription base to 211 million. In the previous quarter (Q1 2016), Telenor reported a total subscriber base of 44 million in India and 208 million users globally, wherein its global active Internet subscriber base stood at 40% of its connections. Telenor mentions that 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, whereas 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 India posted a total India revenue of 1.551 billion Norwegian Krone (NOK) (~$181.9 Million) for Q2 2016, a 13% increase from NOK 1.362 billion in the same quarter last year. On a sequential (QoQ) basis, revenues were marginally up by 5% from NOK 1.520 billion in last quarter. However, Telenor posted operating loss in India, which widened to NOK 132 million (~$15.4 million) in this quarter, from NOK 90 million in the same quarter a year ago. In the previous quarter (Q1 2016), Telenor posted losses of NOK 3232 million. Other Highlights -ARPU: The Average Revenue Per User in…

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