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MTS India Has 0.58M Data Card Subs; Data & VAS Revenue Rs 58.8 Cr For Q1-11

Sistema Shyam Teleservices (MTS India), the telecom operator focusing primarily on data services, has reported a data card subscriber base of 0.58 million for the quarter ended 31st March 2011 (Q1-11), up 36% (around 150,000) from the 0.43 million it reported at the end of December 2010. Non-voice revenues from both data and mobile VAS for the quarter reportedly went up by 33% Q-o-Q to Rs 58.8 crore, which was around 25% of the companys total revenue. Quarter on quarter, data and VAS revenues increased from Rs 44.2 crore reported the last fiscal. The company says it has expanded its data services business to 130 cities in India, including all 5 metros.

Unlike the previous quarter, MTS hasn’t reported data card ARPU. For December 2010, it reported a Data Card ARPU of Rs. 274. Blend ARPU was the same quarter on quarter, albeit at a very low figure of Rs 82. While MTS has pointed out a declining ARPU in the market, note that other telecom operators have focused on a “reducing decline”, saying that price competition is reducing.

The company says in a statement that “…SSTL in May 2011 awarded the world’s first CDMA EV-DO Rev. B Phase 2 commercial contract. The company plans to commence roll out of EV-DO Rev. B in Rajasthan by Q3 2011.”

Read: Press Release

Mobile Operations:

– Subscriber base: 19% quarter-on-quarter and reached 10.05 million customers as of March 31, 2011. Note that the company doesn’t mention how many of these users are ‘active’.
– Minutes of Use: stagnant quarter on quarter at 305 min.

The company also offered consumers an SSTL branded Android 2.1 powered HTC Iris smart phone as “MTS Pulse” for free to customers, as a part of a bundling offer


SSTL revenues were up 22 percent quarter on quarter, to Rs 236.2 crore. It reported an operating income before depreciation and amortization (OIBDA) loss of INR 4,552 million for Q1 2011. The revenue growth, the company says, was driven by 168% increase in subscriber base over Q1 ’10.

The CAPEX investments made by SSTL in India to date stand at around Rs 580 crore; this includes the investment of Rs 297.1 crore made during Q1 2011. Consolidated debt from banks and financial institutions now stands at Rs 5584.1 crore.

On 25th March ’11, SSTL says it completed all formalities relating to the allotment of shares to the Russian Federation. The Company issued 54,73,12,918 equity shares to the Federal Agency for State Property Management of the Russian Federation (“Rosimushchestvo”) against the funds equivalent of Rs 26,98.8 crore (i.e. US$ 600 million approx) received in December 2010.

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