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Uninor confident of break-even within three years; eyes 8 % market share by 2018
TT Correspondent |  New Delhi |  03 Dec 2009

Uninor which launched its services in 7 circles said that it is aiming for an 8% market share in the Indian mobile services market by 2018.

 

Furthermore the company says it expects EBITDA break-even within three years and cash flow break-even within five years.

 

“Operators in Europe had to pass a much longer break even period when they launched their services. But over time the telecom industry has reached a level of standardization  and we have gained certain operational expertise which will help us to achieve the break-even in such a shorter time period even under intense competitive market forces,” said Stein-Erik Vellan, MD Unitech Wireless. 

    
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03 Dec 2009(IST)  
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