Uninor reaches break even in Andhra circle
Hyderabad: Mobile telecom service provider Uninor on Wednesday said it has achieved break even in its Andhra Pradesh operations.
Andhra Pradesh has become the third circle after Gujarat and Eastern UP to achieve this, said Uninor CEO Yogesh Malik.
"Profitability must not come at the cost of expensive tariffs for customers. Andhra Pradesh has now become our third circle to reach the break even goal, proving the success of our ultra low-cost model that allows us to offer the cheapest tariffs to our subscribers," Malik told reporters here, but did not disclose revenues and expenses of the circle.
Uninor had earlier announced the setting up of 15 Mee Stores ?a unique concept of shop-in-shops within traditional retail outlets for faster activations. The company has now already set up 41 such stores which will be expanded further, he added.
Additionally, 1,500 new retail points will be added to Uninor's current retail presence of 55,000. On the network too, Uninor has already deployed 40 of the 100 new network sites announced a month ago and has today announced a further increase to 140 new sites, Malik said.