News Column

Sistema Shyam TeleServices Ltd. Announces Unaudited Financial Results for the Second Quarter Ended June 30, 2014

August 26, 2014

ENP Newswire - 26 August 2014

Release date- 25082014 - Gurgaon, India - Sistema Shyam TeleServices Ltd. (SSTL), which operates its telecom services under the MTS brand in India, today announces its unaudited consolidated financial results for the second quarter ended June 30, 2014.

Key Financial & Operational Highlights for the Second Quarter 2014

Consolidated revenues increased by 5% Q-o-Q to INR 3,348 million(USD 55.9 million), mainly on account of data revenue growth.

Blended mobile ARPU for the quarter increased by 7.7% to INR 115 (USD 1.92) on account of increase in data usage.

Non-Voice revenues grew 14% during the quarter.The Company's data card subscriber base for the quarter increased by 8.5% to 1.4 million subscribers.

Success of SSTL's data strategy is evident with non-voice revenues contributing 38.6% of total quarterly revenues, the highest in the industry. The contribution of Non-voice revenues increased by 331bps during the quarter.

Minutes of usage increased marginally by 0.5% to 416 during the quarter (Q-o-Q).

SSTL's HSD services now cover over 650 towns across 9 circles.

Consolidated OIBDA loss for the quarter stands at INR 1,365 million (USD 22.7 million).

According to Dmitry Shukov, Chief Executive Officer of Sistema Shyam Teleservices Ltd,'During the quarter our consolidated revenues grew by 5% Q-o-Q, driven by growth in non-voice revenues. These results are a testament of the market acceptance of our world class 3G plus network. Going forward, we expect strong momentum to continue, especially in our data business.'



For more information please contact:

Viraj Chouhan

Corporate Communications-Executive Director

Sistema Shyam TeleServices Ltd.

+91 9136404000

Inder Kalra

Investor Relations

Sistema Shyam TeleServices Ltd.

+91 9136001788

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: ENP Newswire

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters