April 23, 2014 7:37 PM ET

Wireless Telecommunication Services

Company Overview of Unitech Wireless Limited

Company Overview

Unitech Wireless Limited provides mobile telecommunication services in India. The company offers national and international roaming, messaging, and internet services. It provides its services through distributors and retail outlets in India. The company was incorporated in 2008 and is based in Gurgaon, India. Unitech Wireless Limited operates as a subsidiary of Telenor Asia Pte Ltd.

The Masterpiece

Plot #10, Ground Floor

Golf Course Road

Sector - 54, DLF Phase V

Gurgaon,  122002

India

Founded in 2008

Phone:

91 12 4332 9000

Fax:

91 12 4332 9000

Key Executives for Unitech Wireless Limited

Chief Executive Officer
Chief Financial Officer and Head of Finance
Age: 47
Chief Executive Officer of Telenor Group and President of Telenor Group
Age: 59
Corporate Finance Executive and Treasury
Chief Human Resources Officer
Compensation as of Fiscal Year 2013.

Unitech Wireless Limited Key Developments

Uninor Opens 367 Service Stores in One Day

Uninor has opened a total 367 exclusive stores across India in a single day. With this expansion, the operator now has 1,480 stores nationwide. The new stores were opened in Uttar Pradesh West, Uttar Pradesh East, Bihar, Maharashtra and Goa, Andhra Pradesh and Gujarat. The stores offer services such as new connections, recharges, query resolution and complete assistance to the operator's subscribers.

Uninor to Expand Network in Andhra Pradesh

Uninor announced that it is adding 550 new sites across Andhra Pradesh. The expansion would boost the number of sites in the state to almost 3,500 and the project is set to be completed within three months.

Uninor Reports Earnings Results for the Fourth Quarter of 2013

Uninor reported earnings results for the fourth quarter of 2013. The company reported an increase in sales and smaller operating losses in the fourth quarter, after scaling back its activities to just six regions. Revenues based on the six circles rose 36% year-on-year to INR 8.5 billion. ARPU rose 17% to INR 106, which the company attributed to the improved quality of the customer base. The company said its focus on retaining customers also reduced churn from the previous quarter, to 4.6% in fourth quarter. The company had an EBITDA loss of NOK 107 million in the quarter, down from NOK 327 million a year earlier, helped by improving gross margins on price increases. The operator cut capex to NOK 214 million last year from NOK 4.53 billion in 2013, but announced plans to start this month its biggest network expansion ever.

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