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Tata Teleservices Maharashtra Q3-FY13: Data & VAS At 37%; Losses Increase 36.3% YoY

Tata Teleservices Maharashtra Ltd (TTML) reported that VAS and Data Revenues accounted for 37% of its total wireless revenues for the quarter ending December 31, 2012, up from 32% in the same quarter last year. Note that 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. Also, TTML is the sister company of Tata Teleservices Ltd (TTSL), and is operational in Goa, Maharashtra and Mumbai circles. While TTSL is not listed, both the two companies operate mobile services under the Tata Docomo brand. TTML reported increased losses of Rs 197.2 crore for the quarter, a 7.35% increase from Rs 183.7 crore losses in the previous quarter and a 36.38% increase from Rs 144.6 crore losses in the same quarter last year. The company posted total revenue of Rs 665 crore for the quarter, registering a 2% growth from Rs 652 crore in the previous quarter and 5% growth from Rs 634 crore revenues in the same quarter last year. The EBITDA stood at Rs 90 crore for the quarter. Note that TTML has made an additional provision of around Rs 72.3 crore for the quarter, towards the outstanding claims and litigations against the company relating to Department of Telecommunication (DoT) and other parties. Other Highlights - As of November 2012, Tata Teleservices had around 72.5 million subscribers, of which 47.7 million were active subscribers. -  Last month, TTML had launched…

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