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…
- Inside an industry body’s alleged draft voluntary code of ethics for online real money gaming companies December 2, 2023
- India’s Consumer Protection Authority Notifies Guidelines For Dark Patterns, What’s New? December 1, 2023
- Tata Consultancy Services to pay $210 million in a trade secret row in the US December 1, 2023
- Indian Government Approves Scheme To Provide Drones To 15,000 Women Self Help Groups December 1, 2023
- Google agrees to pay news publishers in Canada December 1, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
Straw man fallacy: IT Ministers’ defence of government exemptions in data protection law misses the point
Both the IT Minister and the IT Minister of State have chosen to avoid the actual concerns raised, and have instead defended against lesser...
The Central Board of Film Certification found power outside the Cinematograph Act and came to be known as the Censor Board. Are OTT self-regulating...
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
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...
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...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
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...