Sistema Shyam Teleservices (MTS India) has invested $8 million or INR 496 million towards Capex (capital spending) during Q1 2015.
Debt of MTS India from banks and financial institutions at the end of 31st March 2015 stands at INR 35.87 billion.
MTS India revenues in all 9 operational circles grew 12 percent to $57.49 million. Blended mobile ARPU increased 4.2 percent to INR 127 – fuelled by data usage.
Non-voice revenues increased 11.1 percent to INR 1,827 million during the January-March quarter of 2015. MTS India’s data card subscriber base rose 9.4 percent to 1.8 million subscribers, while mobile subscriber base slightly declined quarter-on-quarter to 8.9 million customers. Non-voice revenues contribute 51.1 percent of total quarterly revenues.
MTS India said its HSD services now cover over 850 towns across 9 telecom circles.
OIBDA loss reduced 17 percent q-o-q to INR 129.7 crore.
Dmitry Shukov, chief executive officer of Sistema Shyam Teleservices, said: “Consolidation within the Indian telecom sector is bound to happen. The key catalysts now are the spectrum sharing and trading guidelines, which are expected to be issued by the Government. One hopes that clarity on such regulatory issues is received at the earliest.”
editor@telecomlead.com
