In a Conference Call CEO of Telenor India (Uninor), Mr Yogesh Malik said that India is still an attractive market though they are the 8th operator in India with operations in 6 out of the 22 circles covering half of the Indian Population concentrated in North and the West of India.
Here are the main takeaways from the Call, Continue reading Why India Matters to Telenor ? Yogesh Mallik,CEO, Uninor
Telenor which was embroiled in the 2G Spectrum scam for choosing a wrong partner – Unitech Ltd managed to win 6 Circles in the recently concluded auctions. These 6 circles cover ~600m people and almost 40% of Indian GDP. Penetration rates are lower than average, with Telenor estimating real penetration at just 40%. [Telecom strategy akin to what we recommended Reliance Infotel / Videocon to Bid for in the Auction – the Bottom 16 Circles] Telenor will now reduce its footprint from nine to six circles following the outcome of the 1800MHz re-auction process. It is possible that it will remain in Mumbai following a second auction of unused frequencies, but various conditions and the competitive interest from other operators make this unlikely in our view.
What is noteworthy is Telenor’s low cost business model is well suited to the lower than average income Continue reading Telenor India (Uninor) Optimistic about Growth Opportunities in India