Strong sub growth propels TTML earnings

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EarningsIndiaTataTTML

Strong sub growth propels TTML earnings

Dylan Bushell-Embling  |   May 06, 2010
telecomasia.net
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Tata Teleservices Maharashtra (TTML) earned record revenue and ebitda last financial year, thanks to strong subscriber growth and usage patterns.
 
Revenue grew 12% year-on-year to 23.09 billion rupees ($515.2 million), and ebitda grew to 1.83 billion rupees.
 
The company lifted its subscriber base 73.5% to 13 million, representing an incremental wireless market share of 28% and wireline market share of 59%.
 
Currently 12.2 million of these are wireless subscribers in two of India's 22 telecom circles
 
These subscribers also lifted their usage habits, with TTML recording a 30% growth in annual MOUs.
 
And TTML deployed 7645 cell sites during the financial year, compared to just 2681 sites at the end of the prior year.
 
The company said it had entered into an agreement in March to sell its wholly-owned subsidiary, 21st Century Infra Tele, to Wireless TT Info Services for 13.18 billion rupees.
 
TTML is a unit of Tata Teleservices, which is itself a subsidiary of the Tata Group.
Source: 
telecomasia.net
Dylan Bushell-Embling

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