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…
- How many crypto exchanges registered with India’s FIU following government notification? March 21, 2023
- Why is Twitter’s move to withhold accounts amid internet shutdown in Punjab problematic? March 21, 2023
- RTI: No details on how many entities have complied with CERT-In’s cybersecurity directions March 21, 2023
- Flipkart Not Required to Take “Action” on Copyright Complaints Under Platform Regulation Rules: Delhi HC March 21, 2023
- RTI: Indian govt says registration on U-WIN “not compulsory” yet for vaccination, but is the information public? March 21, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
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...
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...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
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...
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...