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Uninor's Q4 loss trimmed at Rs 435 cr

The company had reported operating loss of Rs 4,883.5 crore in the same period last year

Press Trust of India New Delhi
Indian telecom operator Uninor today reported narrowing of its operating loss at about Rs 435.6 crore (Norwegian Krone 444 million) for the fourth quarter ended December 31, 2012.

The company had reported operating loss of Rs 4,883.5 crore (NOK 4,978 million) for the same period a year ago.

"The findings are a testimony to the fact that Uninor is gaining momentum in India even with a limited number of circles they are present in. With break-even expected in other circles this year, the India picture is quite encouraging for the company," Uninor said in a statement.

The revenue of the company during the reported quarter declined by 13.46% at about Rs 795.23 crore from Rs 918.94 crore posted in the corresponding period in 2011.

In February 2012, Supreme Court cancelled all 22 licences of Uninor in the 2G case and the company was required to win spectrum in the November 2012 auction to continue its services.

At the time of cancellation of its licences, Uninor had its operations in 13 circles and it could win spectrum only in six circles for about Rs 4,018 crore in the last auction.

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First Published: Feb 13 2013 | 2:55 PM IST

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