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MTS India Data Card Base At 1.83M; Non-Voice Revenue Flat In Q3 2012

Sistema Shyam Teleservices (MTS India) has reported a consolidated revenue of Rs 404 crore for the third quarter of  2012. The company reported that the total wireless (Voice & Data) subscriber base for the quarter grew by 0.2% to 16.60 million. SSTL’s data card subscriber base for the quarter was up by 5.9% to 1.83 million subscribers. SSTL added 0.10 million data card subscribers during the quarter. Non-voice revenues which include both data and VAS revenues for the quarter remained flat Q-o-Q at Rs 148.2 crore ($27 million). It should be noted that non-voice revenues now contributes 36.7% of total revenue. The contribution of non voice revenues to the total revenues is amongst the highest in the industry. SSTL also raised Rs 480 crores from banks during the quarter. MTS did not participate in the 2G spectrum auction stating that TRAI had unfairly priced CDMA spectrum with the base price at 18,200 crore, about 1.3 times that of GSM base price. MTS was one of the 22 telcos whose licenses were revoked when the Indian Supreme Court cancelled 122 licenses in February 2012, giving its verdict in the 2G spectrum allocation scam case. MTS India had previously claimed that it will be discontinuing all its investments in its voice business until the spectrum auction commences in the country, and focus on its data services. Need to know: - Consolidated revenues down by 3.3% Q-o-Q to Rs 404 crore (USD 73 million). Total wireless(Voice & Data) subscriber base for the quarter grew by 0.2% to 16.6 million. The company claimed that revenue growth during the quarter was impacted…

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