Sistema Shyam TeleServices Ltd has posted a net loss of Rs 1,180 crore in its second quarter ended June 30, impacted mainly by depreciation of the rupee against the dollar.
The company, which provides CDMA services under the MTS brand, had posted a net loss of Rs 657 crore in the same period a year ago.
SSTL’s revenues grew 50 per cent to Rs 417 crore during the quarter, compared with Rs 278 crore in second quarter last year.
The company’s non-voice revenues rose by 3.9 per cent quarter on quarter to Rs 148.4 crore, contributing 35 per cent to the total revenues of the company.
The company’s average revenue per user (ARPU) declined by 2.3 per cent Rs 83. SSTL’s average minutes of usage per customer has also gone down to 281 minutes.
“Our data card subscriber base continues to grow in double digits despite recent tariff reduction by 3G operators,” Rozanov added. SSTL was among those whose licenses were cancelled by the Supreme Court in February. The company, whose licenses are valid till January 18, 2013. “There is zero visibility of roadmap going forward post the auctions. In some circles like Andhra Pradesh, there is no spectrum available. Even for liberalised spectrum, 5 MHz continous spectrum is required,” SSTL CEO Vsevolod Rozanov said.