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Decline in voice business cuts Tata Communications revenue by 6.6% in Q4FY18

Tata Communications has reported a decline in consolidated revenue by 6.6% year-on-year to Rs 4008.6 crore in Q4FY18, citing a decline in voice business as the reason. Revenue in Q4FY17 was Rs 4293.8 crore. Overall, for the financial year 2018, revenue declined by 5.5% as compared to FY17. Through the year, fall in revenue was due to degrowth in total voice minutes and price compression, a decline in payment solutions business, and the impact of currency translation, the company said. In the quarter, EBITDA was Rs 555.5 crore, which marked a declined of 9.4% QoQ, the reason being upfront investment on new customer wins. However, as compared to same quarter last year (YoY), EBITDA was higher by 12%, due to growth in transformation business, payment solution business breaking even and due to the company’s cost optimization initiative. Capital expenditure (Capex) for the quarter was Rs 332.7 crore, down 21.6% YoY. Segments Gross revenue for the quarter from data business was Rs 2895.4 crore, up by 4% YoY and 0.4% QoQ. EBITDA for data this quarter was Rs 484.1 crore, down by 10.2% QoQ. For voice, gross revenue for the quarter was Rs 1113.2 crore, which marked a decline of 26.3% YoY and 9.5% QoQ. In March 2017, voice accounted for 35.2% of the company’s revenue and data for 64.8%. A year later in March 2018, the shares have changed, in line with the global shift to data, as voice now accounts for 27.8% of the revenue while data accounts for…

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