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RCOM’s Revenues Fall 3.9% QoQ, MoU Up 23.4%

Updated with key performance indicators from quarterly report Despite sagging revenues in the quarter ended December 2009 on account of its "bold, new" Simply Reliance tariff plans for its mobile subscribers, cellular operator Reliance Communications has posted a 57.3 percent rise in net profits compared to the September quarter. Comparatively, rivals Bharti Airtel and Idea Cellular experienced an erosion of their net profits in the December quarter. Details: Release | Financials: Consolidated, Standalone | Quarterly Report RCOM's revenues were down 3.9 percent sequentially and 6.8 percent year on year. The company spent Rs. 2.8 billion on license fees, lower by 7.3 percent from the December 2008 quarter. Access charges have risen 15.3 percent sequentially to Rs. 5.5 billion. RCOM Chairman Anil Ambani has said that despite the sharp falls in tariffs, wireless revenues and margins were stable in the quarter. EBITDA Drops To Rs. 18.13B EBITDA has fallen to Rs. 18.13 billion in the December 2009 quarter from Rs. 20.2 billion in the September quarter. The earnings per share has appreciated to Rs. 5.37 compared to the Rs. 3.59 reported in the previous quarter. Previous Earnings: July 2009, September 2010 ARPU At Rs.149, Long Distance Mins Up RCOM added 7.67 million mobile connections in the quarter, and has a total of 93,795,613. Its wireless market share has reduced to 18.1% from 18.5%. Only 5% of its mobile userbase have postpaid connections - churn has shot up to 2% from 1.3%. Wireless average revenue per user was recorded as Rs..149 in…

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