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Sistema Shyam Teleservices (SSTL), which operates under MTS brand, on Tuesday reported a net loss of ₹391 crore during the first quarter ended March 31, from a net loss of ₹316 crore in the January-March 2014 quarter.
However, revenues grew 12 per cent to ₹357.8 crore during the quarter, compared with ₹318.8 crore in the same period last year, driven by increase in data revenues.
“Our non-voice revenues continued to show strong growth during the quarter. It now contributes to 51 per cent of the total quarterly revenues,” Dmitry Shukov, Chief Executive Officer, SSTL, said here.
The growth in data revenues was driven by rise in subscriber base and continued expansion of high-speed data footprint across the nine circles, he said.
While non-voice revenues rose by 11.1 per cent during the quarter, the data card subscriber-base was up 9.4 per cent to 1.8 millions, Dmitry said.
The company invested ₹49.6 crore during the first quarter this year and debt from banks and financial institutions stood at ₹3,587 crore at the end of March 31, it said
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