 "Telenor India Q4 operating loss widens to Rs 460 crore")
The revenue increased by 21 per cent to Rs 1,806.4 crore in the December quarter 2015 from Rs 1,493.25 crore in the same quarter previous year.
"ARPU (average revenue per user) in local currency fell by 13 per cent to Rs 88 primarily driven by lower voice consumption and the impact from reduced mobile termination rate, partly compensated by increased data usage," Telenor India said in a statement.
As per Telenor India, average exchange rate in the reported quarter was Rs 12.58 against a krone as against Rs 10.32 in the year-ago period.
For the year ended December 2015, the operating loss of Telenor India stood at Rs 1,236.75 crore. It posted an operating profit of Rs 851.63 crore at the end of 2014 due to refund of licence fee it received from the government, it said. However, the annual revenue of the company increased by 33 per cent to about Rs 6,969.8 crore in 2015 compared with Rs 5,237.3 crore in 2014.
Telenor India subscriber base increased by 16 per cent to 4.2 crore at the end of 2015 compared with 3.6 crore users in 2014.
In 2015, the company invested Rs 1,306.3 crore. "The network modernisation initiated in the third quarter continued in the fourth quarter and impacted the capex for the quarter, as well as accelerated depreciations of current network assets amounting to NOK 181 million. This is expected to continue over the next 12-15 months," it said.