Tata Teleservices (Maharashtra) Limited has announced its quarterly and nine month financial results for the period ended 31st December 2011. The Company showed an 8 per cent growth in year-on-year revenues at Rs 634 crore for the quarter ended 31st December 2011, compared to Rs 585 crore in the corresponding quarter of the previous year.
TTML’s EBIDTA stood at Rs 136 crore for the quarter in review. The Company maintained a strong focus on wireless broadband services, and its VAS and data revenues accounted for 32 per cent of total wireless revenues in Q3 FY12.
Other highlights in the nine month of the ongoing year saw the Company registering a revenue growth of 7%, at Rs 1,845 crore, compared to Rs 1,730 crore in the corresponding period of the previous year.
Nine month EBIDTA grew by 8 per cent to Rs 400 crore, compared to Rs 371 crore in the corresponding
period of the previous year after excluding profit on sale of long term investments.
TTML also announced the launch of Tata DOCOMO Photon Max, a high speed wireless mobile broadband services that offers speeds of up to 6.2 MBPS. Available on the CDMA technology platform, Tata DOCOMO Photon Max, provides users with a never-before browsing experience, the benefit of Free National Roaming and Seamless In-building Coverage.
“Over the past year, the mobility market has seen far-reaching changes. The increasing demand for high – speed mobile broadband access and associated services is leading to a fundamental shift in the role of mobile telephony. At Tata Teleservices (TTL), our growing portfolio of products, applications and solutions allow consumers and enterprises, to access cutting-edge voice and data services, enjoy content of their choice, and experience a host of life enhancing solutions.” Mr. N Srinath, Managing Director Tata Teleservices (Maharashtra) Limited, said.