The company’s net loss has grown by 27% to Rs 1596 million from FY08 despite standalone revenues rising by 14% to Rs 20418.8 million from fiscal 08. Network operation costs have risen by 26% to Rs 3639.4 million while interconnect and access costs have grown by 8.7%.
During the year, TTML rolled out 2861 sites as compared to 1538 last year. The company claims its adjusted gross revenue market share has increased by 1% from the previous year.
Its consolidated revenues for fiscal 09 grew to Rs 20.58 billion, up by 15% from the previous fiscal. EBITDA rose 22% from Rs 4.86 billion to 5.93 billion.
GSM Launch in Q2; Corporate Developments
RTTNews reports that TTML plans to launch its GSM services across Mumbai, Maharashtra, and Goa in Q2 of the next financial year (FY1o). In March, its sister company TTSL received spectrum under the dual technology clause to launch its GSM network, when NTT Do Co Mo completed its acquisition of 12% stake in the company. TTML also unveiled Photon+ – high speed broadband for Mumbai, Mobile TV with Apalya this quarter.