SSTL records Q3 losses at Rs 406.3 crore

Sistema Shyam TeleServices (SSTL), which operates under the MTS brand in India, has registered a net loss of Rs 406.3 crore for the third quarter ended September 30, as against Rs 437.9 crore in the year-ago period. However, the company’s consolidated revenues increased by 10% Y-o-Y to Rs 3,763 million (USD 59.2 million), mainly on account of data revenue growth.

The mobile ARPU for the quarter rose by 2.7% to Rs 137 (USD 2.2) on account of increase in growth in price per Mb. The non-voice revenues increased by 5.4% during the quarter and its contribution also rose by 270bps during the quarter.

Sergey Savchenko, Chief Executive Officer of Sistema Shyam TeleServices, said” “Once again, SSTL’s operational parameters have shown improvement during the quarter leading to 10% growth in consolidated revenues. In-addition, the contribution of our non-voice revenues further increased to 58% of our quarterly revenues, the highest in the industry.”

Recently, the company entered into a merger agreement with Reliance Communications and the transaction is expected to be closed in the second quarter of 2016.

Sergey added, “The signing of a definitive agreement with RCOM to merge the telecom business of SSTL is a milestone event. The merger once completed, will strengthen the competitive position of the combined entity by fast tracking the growth of LTE technology in India.”

SSTL’s mobile subscriber base slightly declined quarter-on-quarter and reached 8.4 million customers as of September 30, 2015. The company made investments to the tune of Rs 264 million (USD 4.2 million) during Q3 2015. Debt from banks and financial institutions at the end of September 30, 2015 stood at Rs 45.35 billion.

Reported By

Leave a Reply

6 Comments on "SSTL records Q3 losses at Rs 406.3 crore"

 

Sort by:   newest | oldest
bp kasula
January 21, 2016 3:04 pm 3:04 PM

WHEN MTS SERVICE IN HYDERABAD I WAS USED THIS SERVICE VERIMUCH AND I REFFERED ALL OF MY FREINDS AND RELATIVES TO USE THIS MTS. BUT I DONT KNOW WHY YOUR SERVICES WITHDRAWN FROM HYDERABAD.I REQUEST MTS MANAGEMENT TO RE-ENTRY IN HYDERAD.

KAPIL K. DEV
November 25, 2015 10:30 pm 10:30 PM

I am using MTS for voice and data. Good news is that Gionee Marathon M5 and Infocus M810 supports MTS CDMA SIM with EVDO Rev B data.

MADHAN KUMAR
November 26, 2015 11:29 am 11:29 AM

Nope Gionee Marathon M5 has only Evdo REV A support!

suman
November 25, 2015 9:52 pm 9:52 PM

Very bad network in rural area. Around 70% of rural area in paschim medinipur of west bengal are very very very poor coverage of 3g plus network, signal almost none. Mainly location are Maligram, Chhotakhelna, Sitarampur, Khanbichak, Sabang, Jalchak, Tilantapara, Tungur, Barakhelna, Balpai etc—-. They must think rural area coverage upgradation of 3g plus network.

wpDiscuz