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MTS India data card base up 8.5% QoQ to 1.4 million in Q2 2014

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Sistema Shyam Teleservices (SSTL) which operates in India as MTS India has reported an 8.5% quarter-on-quarter (QoQ) increase in its data card subscriber base to 1.4 million subscribers for the quarter ended June 30, 2014, as against 1.29 million subscribers in the previous quarter.

Non-voice revenues, which include data and VAS revenues, increased 14% QoQ to Rs 129.1 crore from Rs 112.4 crore in the previous quarter. The segment contributed 38.56% of MTS India’s total quarterly revenues in Q2 2014, as compared to 35.3% in the previous quarter.

Highlights

-Mobile subscriber base increased 1.4% QoQ to 9.2 million subscribers in this quarter, against 9.04 million subscribers in Q1 2014.

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-Minutes of Use increased to 416 million minutes in Q2 2014, marginally up from 414 million minutes in the previous quarter.

-Blended mobile ARPU increased by 7.7% to Rs 115 for the quarter from Rs 107 in Q1 2014, on account of increase in data usage.

– SSTL’s HSD services now covers over 650 towns across 9 circles, up from 600 towns across 9 circles in the previous quarter.

-During this quarter, MTS India had tied-up (pdf) with Rapid MetroRail Gurgaon Limited (RMGL) to provide Wi-Fi services free of cost on all trains running on the 5.1 Km long six station corridor. Additionally, the company had also claimed that it would provide free Wi-Fi services at four stations along this corridor – Sikanderpur, IndusInd Bank Cyber City, Phase 2, and Micromax Moulsari Avenue. The company had said that commuters would get access to data speeds of up to 9.8 Mbps on its 3GPLUS network.

-MTS India had also launched (pdf) its self-branded Blaze 5.0 smartphone, which was pre-bundled with 97.6 GB of free data usage, with a validity of up to one year.

-In May, Sistema reportedly sought an approval from the Foreign Investment Promotion Board (FIPB) to increase its 73.71% stake in SSTL. The company was, apparently, planning to eventually buy out its Indian partner Shyam Telecom’s stake in SSTL.

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Financials

-Consolidated revenues increased 5% to Rs 334.8 crore in Q2 2014, against Rs 318.8 crore in the previous quarter. Revenues increased 15% in comparison to the corresponding quarter last year. Growth in data revenue was attributed as the primary reason.

-SSTL’s net loss during Q2 2014 increased 27% to Rs 402.5 crore from Rs 316.2 crore in the previous quarter. The company said that decrease in loss during Q1 2014 was mainly because of reversals of estimated provisions.

-OIBDA (Operating Income Before Depreciation and Amortization) loss increased 40% QoQ to Rs 136.5 crore in Q2 2014, from Rs 97.5 crore in the previous quarter. The company attributed this increase to reversal of estimated provisions for expenses in exit circles on account finalization of liability. OIBDA loss reduced 38% year-on-year from Rs 219.3 crore in Q2 2013.

-The company made investments of Rs 33.2 crore during Q2 2014, while debt from banks and financial institutions at the end of June 30, 2014 stands at Rs 3,614 crore.

Downloads: Press Release | Presentation

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