Mobile service provider Uninor announced network and retail expansion in the Andhra Pradesh telecom circle.
Uninor on Wednesday it achieved its financial break-even in the AP telecom circle.
The company achieved break-even within 3.5 years of start of operations in the circle.
Ultra-low cost operating model and cheapest tariffs in the market have aided Uninor to achieve break-even.
Andhra Pradesh telecom circle has now become its third circle to reach the break-even goal.
Yogesh Malik, CEO of Uninor, also announced a significant expansion plan of its retail and network across the state.
Uninor network expansion
Earlier, Uninor announced the setting up of 15 Mee Stores, 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.
Additionally, 1500 new retail points will be added to Uninor’s current retail presence of 55,000.
Uninor says 50 new express stores on the retail front will be added to the existing 132 stores across AP.
On the network, 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.
Uninor will be strengthening its presence in cities and towns it is present in and expanding farther into semi-rural markets.
Expansion in Gujarat
Earlier, Uninor said it would expand its presence in Gujarat by setting up an additional 500 network sites by June 2013. The telecom operator will also go for one more round of expansion in the second half of this year in Gujarat.
UP becomes first to achieve break-even
The mobile operator earlier announced that Uttar Pradesh East has become its first circle to achieve break-even. The EBITDA break-even means the company’s operations in UP East are now profitable, with revenues being higher than operating costs. This is the fastest break-even by any mobile operator in any circle in India, and the milestone has been achieved ahead of the stated target of break-even in the calendar year 2013.