Reliance Communications (RCOM) reported India telecom revenues of Rs 4,637.4 crore for the quarter ended December 31st, 2013 (Q3-FY14), registering minor growth quarter on quarter (QoQ) from Rs 4,623 crore in the previous quarter. The quarter saw non-voice revenues for the company being flat QoQ, at Rs 1,018.5 crore, as opposed to Rs 1018 crore, even though data usage on the companys network increased significantly. Voice revenues for the company were also marginally higher at Rs 3,416.7 crore, from Rs 3,384 crore for the quarter, up 1%. Note that Reliance Communications has changed its segmental reporting from last quarter, since it has re-organized its business into two units – India and Global operations. Therefore, it no longer discloses wireless revenues or wireless EBITDA, so it's difficult to get a sense of how its mobile voice, mobile VAS and mobile Internet businesses have performed. There is less operational data available on the company than their once was. India operations for the company accounted for 80% of its business. Read about its Mobile Internet business highlights here. Operational Highlights - Wireless minutes of usage grew marginally to 101.9 billion for the quarter, up from 101.5 billion last quarter, but still lower than the 106.3 billion it reported in Q1. Q3 is expected to be a good quarter for telecom, so this decline is disappointing. - Average revenue per user (ARPU) increased to Rs 125 for the quarter, up from Rs 120 in the previous quarter. This indicates that either rates were increased, or customers were…
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