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Uninor expects Indian operation to be cash positive in two years

Feb 09, 2015    

Hyderabad: Telecom services provider Uninor today said it expects Indian operations to make cash profits in the next two years, after it achieved break-even in 2013.Vivek Sood, Chief Executive, Uninor, indicated the Norwegian firm may invest Rs 500 crore during the current year (January-December) towards capital expenditure."So far we have invested Rs 17,000 crore to Rs 18,000 crore in India which includes towards the licences which were cancelled (by a Supreme Court order in 2012). In a year or two we will be making cash profits positively, by 2016 or 2017," he said.He was respondin...

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