Tata Teleservices Maharashtra Ltd (TTML) reported a loss of Rs 103.31 crore for the quarter ended Q1-FY16. Losses at the telecom operator narrowed from Rs 163.88 crore from the preceding quarter. Note that this is the company's 20th straight loss-making quarter. The net income from telecom services however decreased to Rs 735.09 crore for the quarter, marginally down 1.45% from Rs 745.91 crore in the previous quarter and a 6.92% increase from Rs 687.51 crore from the same quarter last year. The total income from overall operations was at Rs 750.73 crore for the quarter, a meager 0.63% increase from Rs 746.04 crore last quarter. TTML's data revenue during the quarter grew more than 65% year-on-year and more than 10% quarter-on-quarter with improvement in data realization. "This has led to an improvement in data revenue contribution to GSM revenue by about 800 bps (basis points) over Q1 FY15," the company said in its release. The company, however, did not provide the increase in data revenues in absolute numbers. Note that the company stopped providing any information on the contribution of VAS and data revenues to its total wireless revenues from Q2 FY14. In Q4-FY13, TTML had mentioned that VAS and Data Revenues represented 37% of its total wireless revenues for the quarter while in Q1-FY14 (which was the last quarter TTML had provided this information), VAS and data revenues accounted for 39% of the company’s total wireless revenues for that quarter. Tata Sons offer to buy Docomo stake Earlier this month, it was reported that Tata Sons offered…
