wordpress blog stats
Connect with us

Hi, what are you looking for?

MTS India Has 200,000 Data Card Subs; Q2-11 Loss $106.7 Million

Sistema Shyam Teleservices Ltd (SSTL), which operates in India as MTS, has reported a decline of 6.4% in Average Minues of Use to 307 minutes from 328 minues, even as its connections base grew during the quarter ended June 30th 2010 to 5.2 million, up 33.5% quarter on quarter. Since then, the company has crossed the 6 million mark. India is a multi-SIM market, and customers tend to own multiple connections, and switch easily. Still in its early stages of deployment, SSTL launched in its 12th circle (Andhra Pradesh) during the quarter. It’s mobile broadband subscriber base (EVDO Data Card) grew to 120,000 by end of the quarter. The company says that data subscriber base is now more than 200,000. A couple of months ago, MTS had said that its broadband base affords it an ARPU of Rs. 500.

According to MTS India, its Average Revenue Per User stayed stable, even as revenues went up 34.9% quarter on quarter – up to $23.1 million from $17.1 million. The company, like its peers Uninor, Videocon, Etisalat DB and S Tel, is currently in investment mode. MTS India reported and OIBDA of -$85M, and an operating loss of $206.6. It’s fixed line subscriber base declined to 111,000 users from 134,000 subscribers in Q1.

Financing & IPO

In August 2010, SSTL received US$ 280 million (Rs 13 billion) loan from the State Bank of India to finance the company’s expansion plans and introduce new products and services. In addition, a couple of days ago, the Russian government approved a purchase of 20% equity in MT?S India,for $600 million. MTS is planning an IPO in India, in early 2011.

Sistema owns 73.71% in Sistema Shyam, which operates in India under the MTS brand, and has licenses to operate services in all 22 circles.

Download: Sistema Presentation | Press Release

Russian Government Approves Buy Of 20% In MTS India For $600M
MTS Has 5M Mobile, Over 100k Mobile Broadband Subs; Russia To Invest $677M For 20% Stake
MTS MBlaze, Tata Docomo And The Neutrality Of Wireless Internet Access In India

You May Also Like


Yes Bank Ltd posted a net profit of ₹151 crore during the third quarter of the current financial year compared to a net loss...


Key takeaways Network18’s digital news revenue increased by 50% YoY for the second consecutive quarter Consolidated Net Profits grew 125% YoY Network18 Digital saw...


Netflix’s two day StreamFest in December 2020—where users in India could practically watch Netflix’s entire catalogue for free—brought millions of users to the service,...


Media company HT Media Limited posted a consolidated operational revenue of ₹341 crore, which is down 40% YoY and up 31% over the previous...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ