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…
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...