MTS Q3 revenue up 20%, data card subscriber base increased by 6.3%

By November 26th, 2014 AT 12:02 AM

Sistema Shyam Teleservices, which operates under the MTS brand, has reported a net loss of Rs 437.9 crore for the quarter ended September 30, compared to Rs 760.1.9 crore a year ago. The company is doing its business in nine circles.

MTS India - SSTL

The company’s net loss however expanded from Rs 402.5 crore in the previous quarter, mainly due to higher forex losses, the Indian unit of Russia’s Sistema JSFC said.

“During the quarter, our non-voice revenues grew by 14% thereby contributing 43% of the total revenues. The results have once again demonstrated the market acceptance of our world class 3G plus network,” said Dmitry Shukov, Chief Executive Officer of Sistema Shyam Teleservices.

Dmitry further added “To further strengthen, the data story in India, it is imperative that the government comes out with a clear roadmap on spectrum sharing and trading. We are hopeful that as this happens, it would give a boost to broadband penetration in the country.”

However, MTS revenue increased 20% year-on-year to Rs 342.7 crore, which was also 2% higher than the second quarter ended June 30, helped by increased use of its data services by customers.

“Operating loss before depreciation and amortization (OIBDA) narrowed to Rs 103.7 crore from Rs 219.7 crore a year earlier,” it said.
“Non-voice revenue growth along with cost control has helped OIBDA margins to improve further during the quarter,” said Sergey Savchenko, Chief Financial Officer of Sistema Shyam.

In the mean time, average revenue per user increased 2% to Rs 117, but minutes of usage fell by 3.7% sequentially to 401 during the quarter “due to seasonality”, the company said. The company’s debt for MTS at the end of September stood at Rs 3,671 crore. In addition, the Company’s data card subscriber base for the quarter increased by 6.3% to 1.5 million subscribers.

Read more on:

Subscribe
Notify of
guest
7 Comments
newest
oldest most voted
Inline Feedbacks
View all comments

Recent Posts

iPhone 13 Could Bring Multiple Feature Advancements

Apple’s iPhone has been the product that often trumps other smartphones in most, if not all aspects, resulting in hype...

Vodafone Signs New 5G Contracts with Ericsson to Strengthen Core Networks

Vodafone and Ericsson have teamed up multiple times to provide the best services to enterprises and customers. In the latest...

Reliance Jio Displayed Phenomenal Subscriber Growth in March 2021: TRAI Report

Reliance Jio, the number one telecom operator of India, has regained its subscriber addition rate as the telco outperformed its...