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Q1-10: Tata Teleservices Maharashtra VAS & Data Revenues Increase

Tata Teleservices Maharashtra Ltd (TTML), the sister company of Tata Teleservices Ltd (TTSL) now has 8 million connections, up from 7.49 million in March. TTML is operational in Goa, Maharashtra and Mumbai circles and offers landlines, mobile connectivity (CDMA) and wireless broadband services (Photon+). TTML also owns GSM licenses for these circles and is expected to roll out Tata DoCoMo GSM network next quarter. TTML's mobile business saw a 9% rise in net profit before tax to Rs. 410.1 million, compared to last year's. Net sales grew to Rs. 5092.8 million. Details: Release | Standalone Financials | Consolidated Value Added Services & Photon+ VAS and data revenues, which includes the data service Photon+, now contribute to 15.4% of the company's wireless revenues compared to 12.3% a year ago in Q1-09. That's significantly higher than other telecom operators for whom, data and other VAS contribute around 10%. During the quarter, TTML launched Quickfinder, an assisted GPS service in Mumbai and Pune. It also partnered with Yahoo to launch a new, monetized portal that would be the default homepage for its broadband and mobile Internet users. Tower The company's passive infrastructure division saw a ten fold growth compared to last year, with profit before tax of Rs. 4.6 million and corresponding growth in net sales to Rs. 164 million. Consolidated Results The company's EBITDA grew 19% on a QoQ basis, and EBITDA margin stood at 31%. Its net loss reduced by 12.7% to Rs. 342.6 million while network operating costs amounted to…

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