 Tata Teleservices Maharashtra Ltd. (TTML) announced its Q3 results posting 16 % rise in revenues at Rs 603 crore as compared to Rs 518 crore registered a year ago. On a sequential basis too the revenues are at a 10% rise.
The company’s net loss however widened from Rs Rs 48.54 crore to Rs 103.29 crore. On a sequential basis the net loss in low as it witnessed net loss of Rs 116 crore in Q2 2010.
The operator achieved 11.5 subscribers at a 74% growth on a yearly comparison. Subscribers from rest of Maharashtra and Goa totaled 7 million and the operator is now ranked 2nd largest operator in this region while in Mumbai the operator scaled past the 4 million subscriber mark and now ranks 3rd in Mumbai.
The wireless minutes of usage increased 39% on a yoy comparison. It achieved the highest incremental wireless market share at 33.8% and was no.1 in incremental wireless subscriber additions for the quarter.
Its tower tenancy ratio stood at 1:2. |