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MTS announces consolidated financial results

MTS

Sistema Shyam TeleServices, which, operates under the brand name of MTS in the country, has announced its unaudited consolidated financial results of the third quarter. The report highlights an increase of 20% Y-O-Y in the area of consolidated revenues. Along with this the mobile ARPU has also increased by 2%.

The non-voice revenue of the company witnessed the increase of 14% and the data card subscriber base of the company also grown up to 6.3% taking the total number of users to 1.5 million. However, the usage of minutes has decreased by 3.7%.

Talking about the results, Dmitry Shukov, CEO of Sistema Shyam Teleservices Ltd, said, “During the quarter, our non-voice revenues grew by 14% thereby contributing 43% of the total revenues. The results have once again demonstrated the market acceptance of our world class 3G plus network. To further strengthen, the data story in India, it is imperative that the government comes out with a clear roadmap on spectrum sharing and trading. We are hopeful that as this happens, it would give a boost to broadband penetration in the country.”

The report also highlights that the company incurred the loss of 9% during the quarter.

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A reader at heart, this girl loves to express through writing. Her ears perk up as soon as she senses any tech molecule in the air. With the ability to use and navigate typical technologies she becomes a complete tech enthusiast. This post graduate in Mass Communication lives in the world of gadgets. Fiction, history and cartoons keep her busy in the free time. Her urge to grow mixed with excellent writing skills forces us to have her as a part of our workforce.

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