Reduced capex requirements in India
(Thomson Reuters ONE) - (Fornebu, 18 November 2009) Telenor gives a status update on India atMorgan Stanley's annual investor conference in Barcelona 18-19November. Accordingly, the following has been notified the Oslo StockExchange: * Agreements with approximately 1,000 distributors and 300,000 points of sale in place * Approximately 12,000 base stations installed * Foreign Investment Promotion Board's recommendation to allow Telenor's shareholding of 67.25 % in Uninor has formally been approvedIn connection with the launch Telenor has made the followingadjustments to its strategy plan for India: * Focused rollout in majority of 22 circles, while meeting licence obligations in all circles * Accumulated capex first 5 years to be reduced by around INR 30-35 billion (approximately NOK 4 billion)The targeted rollout combined with better terms from equipmentvendors will reduce the capex requirements, and Telenor will evaluatethe opex profile according to market development. The earliercommunicated peak funding of INR 155 billion is now expected to besomewhat lower. The market share ambition and other financialtargets, including EBITDA break-even approximately three years afterlaunch and operating cash flow break-even approximately five yearsafter launch, are still valid.Contact:Pål Kvalheim, Vice President Group Communications, TelenorTel: +47 970 44 970Email: pal.kvalheim(at)telenor.comThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 18.11.2009 - 07:00 Uhr
Sprache: Deutsch
News-ID 8533
Anzahl Zeichen: 0
contact information:
Town:
London
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 382 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Reduced capex requirements in India"
steht unter der journalistisch-redaktionellen Verantwortung von
Telenor (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
