TTML Reports Full Year

The total subscriber base stood at 13M – an increase of 73.5% over the previous year

April 30, 2010

2 Min Read

MUMBAI -- TTML today announced its annual consolidated financial results for the period ended March 31, 2010.

Annual Highlights:

  • The total subscriber base stood at 13 million – an increase of 73.5% over the previous year. TTML’s Rest of Maharashtra circle has crossed 7.8 million wireless subscribers, and TTML is now the 2nd largest operator in this geography. TTML’s Mumbai circle has crossed 4.4 million wireless subscribers, and the Company is now the 3rd largest operator in this geography.

  • Wireless Minutes of Use (MoUs) grew 30% over the previous year.

  • The Company posted a robust 12% growth in Revenues, which rose to an all time high of Rs. 2309 cr for the financial year ended March 31, 2010. For the 9 months ended December 31, 2009, for which Adjusted Gross Revenue (AGR) figures are available from the TRAI, the Company has registered an 8.2% AGR growth compared to industry de-growth in its geography of 0.9%.

  • EBITDA for the year was Rs. 597 cr with an EBITDA margin of 26%, notwithstanding the unprecedented network expansion and associated increase in network operating costs to establish the brand new GSM network.

  • The EBITDA for the quarter ended March 31, 2010 was at an all time high of Rs. 183 cr.

  • TTML registered an incremental wireless market share of 28% for the twelve months ended March 31, 2010, and an incremental wireline market share of 59% for the year; the Company was the No. 1 operator in both segments.

  • 7645 wireless sites were deployed by the Company as compared to 2681 sites at the end of the previous year, a growth of 185%.

  • TTML has been rated as the only congestion free network across Mumbai and Maharashtra in 6 consecutive reports published by TRAI.

  • The tenancy ratio of the Company’s wholly owned subsidiary, 21st Century Infra Tele Limited, as of 31, March 2010, stood at 2.24, amongst the highest in the country. The Company entered into a Share Purchase Agreement with Wireless TT Info Services Limited (WTTIL) on March 18, 2010 for sale of 21st Century Infra Tele Limited for an enterprise value of Rs. 1318 cr, subject to requisite approvals which are being obtained.

    Tata Teleservices Ltd.

Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.

You May Also Like