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Tata Teleservices Maharastra Q4-FY13 VAS & Data At 37% Of Wireless Revenues

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The VAS and Data Revenues accounted for 37% of Tata Teleservices Maharashtra Ltd (TTML)’s total wireless revenues for the quarter ending March 31, 2013, up from 33% in the same quarter last year and 37% sequentially.

Remember that the VAS and Data Revenues segment for Tata Teleservices include earnings from its EVDO based (USB data card) connectivity business Tata Photon. 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 posted a total loss of Rs 115.23 crore for the quarter, a significant improvement from Rs 197.2 crore loss in the previous quarter and Rs 123.4 crore loss in the same quarter last year. The company posted total revenues of Rs 702 crore, up from Rs 665 crore in the previous quarter and Rs 662 crore in Q4-FY12. The EBITDA for the quarter was Rs 162 crore, up from Rs 90 crore in the previous quarter and Rs 147 crore in Q4-FY12.

For the year ending March 31, 2012, TTML posted total revenues of Rs 2,686 crore, up 7% from Rs 2,507 crore in the previous quarter and a net loss of Rs 658.77 crore, up from Rs 517.55 crore loss in the previous fiscal. The EBITDA for the fiscal FY13 was Rs 501 crore, down from Rs 547 crore in FY12.

DoT One-time Spectrum Fee: TTML informed that Department of Telecommunications (DoT) had imposed a one-time spectrum fee of Rs 290.17 crore for holding spectrum above 2.5MHz in the 800 MHz bands effective from January 1, 2013. Following this, the company had filed a writ petition challenging this order and had obtained a stay order from the Calcutta High Court.

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However, TTML has decided to surrender additional CDMA spectrum beyond 2.5 MHz in Maharashtra circle and surrender 1.25MHz CDMA spectrum in Mumbai, while retaining the remaining 3.75MHz spectrum, for which the company has to pay a one-time license fee of Rs 104.58 crore. TTSL is also surrendering spectrum additional CDMA spectrum beyond 2.5 MHz in all circles, except Delhi.

TTML informed that it has paid the first installment of Rs 29.90 crore for the year under protest and expects that this spectrum surrender wouldn’t have any significant adverse effect on the company’s business.

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