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Tata Teleservices Maharashtra Losses Up 30.2% QoQ To Rs 165.2 Cr For Q2-FY14

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Tata Teleservices Maharashtra Ltd (TTML) has reported increased losses of Rs 165.23 crore for the quarter ended September 30, 2013, up 30.2% from Rs 126.9 crore loss in the previous quarter but an improvement from Rs 183.7 crore loss in the same quarter last year.

Total revenues were at Rs 693 crore for the quarter, a minor dip from Rs 696 crore revenues in the previous quarter but registering a 6% year-on-year (YoY) growth from Rs 652 crore in the same quarter last year. The EBITDA was at Rs 136 crore, up 23% YoY.

Strangely, the company hasn’t disclosed any information on the contribution of VAS and data revenues to its total wireless revenues for the quarter. In the previous quarter, it had mentioned that VAS and data revenues contributed for 39% of the company’s total wireless revenues for that quarter. VAS and data revenues segment also includes its EVDO based (USB data card) connectivity business (Tata Photon), where the company is a leading player, along with Reliance Communications and MTS India.

While TTML is operational only in Goa, Maharashtra and Mumbai circles, it operates mobile services under the Tata DOCOMO brand with its sister company Tata Teleservices Ltd (TTSL) which is not a listed company.

Highlights

– The company recently launched a new Tata DOCOMO Photon Max dongle which features a new dual processor technology and claims to offer a high speed mobile broadband connection with speed of up to 6.2 Mbps (downlink) and 3.6 Mbps (uplink) and free roaming across India. It is available for both prepaid and postpaid CDMA subscribers.

– TTML also recently added 1500 GSM cell sites and extended its service to an additional 902 towns in the country. It plans to add another 625 cell sites across GSM, 3G and CDMA networks over the next 100 days.

– Earlier this month, Tata DOCOMO also launched a Software as a Service (SaaS) based solution called InstaSoft, which will provide an end-to-end business and office productivity solution for enterprises.

TTML Surrendering Spectrum: During the quarter, TTML has surrendered 1.25MHz CDMA spectrum in Mumbai, as proposed in the previous quarter. It is also surrendering additional CDMA spectrum beyond 2.5 MHz in Maharashtra circle after the completion of network realignment. This surrender was due to the imposition of the one-time spectrum fee by Department of Telecommunications (DoT). (More on that here).

DownloadPress Release & Financials

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