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Telenor India operating loss narrows to Rs 36 crore

Feb 03, 2017 - ICT Monitor Worldwide

Telecom operator Telenor India today reported narrowing of its operating loss at Rs 36 crore for the quarter ended on December 31, 2016.

The company had reported operating loss of about Rs 323 crore in the same period a year ago.

For the year ended December 31, 2016, operating loss of Telenor India significantly widened to Rs 5,856 crore from Rs 871.2 crore a year due to impairment loss and write downs of about Rs 5,920 crore during the year.

"In India business is not sustainab...