Tata Teleservices Maharashtra Ltd (TTML) continues to report losses: Rs 169.08 crore loss for the quarter ended December 31, 2014, up from Rs 159.38 crore loss in the previous quarter and Rs 156.36 crore loss in the same quarter last year. Note this is the telco’s 18th straight loss making quarter.
The net income from telecom services however grew to Rs 720.85 crore for the quarter, up from 682.42 crore in the previous quarter and Rs 662.26 crore the same quarter last year. The EBITDA was at Rs 156.28 crore for this quarter. Overall for the nine months ended Dec 31, 2014, the company reported a loss of Rs 451.36 crore, up from Rs 448.49 crore the same period last year.
The total income from overall operations was at 738.56 crore for the quarter, however the telco did not mention its total revenues and it had previously stopped providing any information on the contribution of VAS and data revenues to its total wireless revenues.
Last month, Tata Teleservices Limited (TTSL) had reported net loss of ¥85,026 million (Rs 4,887 crore) for the year ended March 31, 2014 (FY14), an increase from ¥72,301 million loss (Rs 4,155 crore) in the previous year FY13, but an improvement from ¥95,813 million (Rs 5,506 crore) loss in FY12.
It’s worth noting that TTSL is an unlisted company unlike its sister company Tata Teleservices Maharashtra Limited (TTML) which is listed on BSE. While TTML is operational only in Goa, Maharashtra and Mumbai circles, it along with TTSL provides mobile services under the Tata DOCOMO brand in the country.
– In December, Tata Docomo had launched a new device called the ‘Photon Max Wi-Fi Duo’ priced at Rs 2899, which enables Wi-Fi internet on the go. The device also features a 4400 mAh battery power bank and comes with a 32GB MicroSD card slot, which acts as personal cloud storage.
– In November, Tata Docomo had tied-up with the New Delhi Municipal Council (NDMC) to launch public Wi-Fi service in the Connaught Place area in Delhi. Earlier this year, the company had revealed plans of setting up 4,000 Wi-Fi hotspots in nine cities across India over the next two years.
– The same month, the company tied up with the networking and telecom equipment company Nokia Networks, to upgrade its 3G network to HSPA+ in Karnataka, Haryana and Punjab circles.
– OnMobile Global had signed an agreement with Tata Teleservices to become its exclusive Caller Ring Back Tones (CRBT) partner in September last year. The deal has been signed for an initial three years and as part of the deal, OnMobile will centrally manage Tata’s content management systems across its GSM and CDMA networks.
– The same month, the company had launched a handset protection service called ‘SimplySwap’ for its postpay customers in Hyderabad. The service lets existing customers swap their current handset with a “like for like” handset for no reason whatsoever, by paying a small fee.