Uninor, the Indian arm of Norwegian telecom major Telenor, on Tuesday posted a decline in its operating loss to Norwegian Krone (NOK) 107 million for the second quarter ended June 30, 2013. The company had a net loss of NOK 619 million in the same period last year. However, the company’s revenues were down to NOK 728 million against NOK 1,034 million in the year-ago period.
Uninor follows January-December fiscal year.
The company, which at present operates in six circles, said it was targeting for a pan-India break-even by the end of 2013. Uninor has achieved break-even in three of its operating circles.
“With each quarter, Uninor is moving closer to its commitment of a pan-operations break-even — not through expensive tariffs but by keeping our promise of being Sabse Sasta — the most affordable in the market,” Uninor CEO Yogesh Malik said in a statement.