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Q1-11: Tata Teleservices Maharashtra VAS & Data At 18.5% Of Wireless Revenues

Tata Teleservices Maharashtra Ltd (TTML) reports that around 18.5% of its total wireless revenues now are from its VAS and Data services business, which includes the wireless broadband (EVDO) service Tata Photon+. A year ago, VAS and Data used to contribute 15.4% of the wireless revenues. TTML, the sister company of Tata Teleservices Ltd (TTSL), is operational in Goa, Maharashtra and Mumbai circles and offers landlines, mobile connectivity (CDMA and GSM) and wireless broadband services (Photon+).

Connection base: TTML has reported an increase in connection base to 13.9 million for the quarter ended June 30, 2010, up from 13 million connections at the end of the previous quarter, and 74% more than the previous year. As of March 30th 2010, TTML had over 4 million GSM subscribers. Minutes of use also grew 44% year on year.

Financials: The company reported revenues of Rs. 563 crores for the quarter, up 10% YoY, and its profit after tax was Rs. 558 crore, which included profit from sale of investment in its Tower Subsidiary 21st Century Infra Tele Limited to Wireless-TT Info Services.

Internet Revenues (FY10): TTML also has a wireline Internet business. According to its Annual Report for FY10, the company earned Rs. 72.64 crores from providing Internet services in FY10, up from Rs. 48.81 crore in FY09.

3G Spectrum Auctions: TTML won 3G spectrum in the rest of Maharashtra Circle, for which it has paid the Indian government Rs. 1257.82 crore; it chose not to bid for Mumbai due to unreasonably high bids. Its sister company TTSL won spectrum in 8 circles, in the western belt of India.

Details: Release | Standalone Financials | FY10 Annual Report

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