wordpress blog stats
Connect with us

Hi, what are you looking for?

Tata Teleservice Maharashtra losses narrow to Rs 103.31 cr in Q1 FY16

Tata Teleservices Maharashtra Ltd (TTML) reported a loss of Rs 103.31 crore for the quarter ended Q1-FY16. Losses at the telecom operator narrowed from Rs 163.88 crore from the preceding quarter. Note that this is the company's 20th straight loss-making quarter. The net income from telecom services however decreased to Rs 735.09 crore for the quarter, marginally down 1.45% from Rs 745.91 crore in the previous quarter and a 6.92% increase from Rs 687.51 crore from the same quarter last year. The total income from overall operations was at Rs 750.73 crore for the quarter, a meager 0.63% increase from Rs 746.04 crore last quarter. TTML's data revenue during the quarter grew more than 65% year-on-year and more than 10% quarter-on-quarter with improvement in data realization. "This has led to an improvement in data revenue contribution to GSM revenue by about 800 bps (basis points) over Q1 FY15," the company said in its release. The company, however, did not provide the increase in data revenues in absolute numbers. Note that the company stopped providing any information on the contribution of VAS and data revenues to its total wireless revenues from Q2 FY14. In Q4-FY13, TTML had mentioned that VAS and Data Revenues represented 37% of its total wireless revenues for the quarter while in Q1-FY14 (which was the last quarter TTML had provided this information), VAS and data revenues accounted for 39% of the company’s total wireless revenues for that quarter. Tata Sons offer to buy Docomo stake Earlier this month, it was reported that Tata Sons offered…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?

News

After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples

News

In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection

News

The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.

News

The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ