Tata Teleservices Maharashtra Ltd (TTML) has reported VAS and Data Revenues of 33% of total wireless revenues for the quarter ended March 30th 2012 (Q4-FY12), up sequentially from 32.7% for Q3-FY12, and 26.7% at the end of Q4-FY11. As a percentage of revenues, VAS is significantly higher for TTML than most other players (for example, Non-Voice revenues for Airtel are around the 14.7% mark). Tata Teleservices' VAS and Data Revenues segment include earnings from its EVDO based (USB data card) connectivity business (Tata Photon), where the company is a leading player, along with Reliance Communications and MTS India. TTML is the sister company of Tata Teleservices Ltd (TTSL), and is operational in Goa, Maharashtra and Mumbai circles, and while TTSL is not listed, the two companies operate mobile services under the Tata Docomo brand. For Q4-FY12 - Towers: TTML has 9000 towers across Mumbai, Maharashtra and Goa circles - Revenues of Rs 660 crore, year-on-year growth of 13 per cent from Rs 586 crore reported for the same quarter last fiscal. - EBIDTA of Rs 147 crore - Net loss of Rs 123.40 crore, down from Rs 144.62 crore reported for the same quarter last fiscal While data is not available for the current quarter, as per an analyst presentation for Q3-FY12 (pdf), TTML had a total of 14.78 million subscribers, of which 7.67 million were CDMA, while 7.11 million were GSM. It's interesting to note that this base had declined from 16.83 million at the end of Q2-FY12, wherein the company had…
