Spice Communications' losses are up 7.17 percent sequentially at Rs. 672.7 million for the quarter ended December 2009 with the company decapitalising exchange difference of Rs. 113.9 million. Last quarter (September 2009), the company had suffered a jolt with losses rising 79% QoQ. The company has also observed better sales this quarter, with a 6.39 percent sequential rise to Rs 3.63 billion, compared to the 3 percent growth seen in the previous 2 quarters. Details: Financials Network Op Costs Up, Spent Rs. 543.4M On Subscriber Acquisition Spice, which operates in 2 circles - Karnataka and Punjab - has spent Rs. 515.8 million on subscriber acquisition, lower than the Rs. 543.4 million spent in the previous quarter. Its ability to add subscribers in the two circles can be termed best as modest over the past three years. Spice suffers higher network operating costs, 29.3 percent of total revenues, compared to other operators such as Airtel and Idea Cellular which have recorded network op costs as 20.2 percent and 25 percent of total revenues respectively. Network operating costs have also risen 8 percent to Rs. 1.065 billion and this sent total expenditure up to Rs 3.89 billion. Earnings per share has increased from Rs -10.73 to Rs -0.98 YoY. In December 2008 quarter, Spice spent Rs 4.8 billion for the impairment of its license fee. Spice has completely exhausted its Rs. 6.3 billion fund from the IPO, using it to pay off a long term debt, for NLD and ILD licenses, network…
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...