New entrant SSTL registering highest growth rate in revenues; BSNL, MTNL, RCom & TTSL witness alarming slid
TT Correspondent | New Delhi | 14 Oct 2009
Sistema Shyam Teleservices Ltd.’s (SSTL) decision to foray into mobile services over the CDMA platform as compared to other new entrants who choose GSM, seems to be paying off big time to the operator. The company’s growth rate for revenues is seen at the highest level among all the operators including incumbent GSM and CDMA operators.
While SSTL had registered revenues of Rs 27.84 crore for the June’08 quarter, the company’s revenues for June’09 reached Rs 37.35 crore at a yoy growth rate of 34.15 % and a qoq growth rate of almost 22 % when compared to March’09 figures of Rs 30.64 crore. Over the period from June’08 to June’09 SSTL’s MTS brand has launched its services in all the Southern circles, circles of Bihar & Jharkhand as well as recently launching its services in Delhi/NCR to start its North India foray.
However its counterpart CDMA operators, RCom and Tata Teleservices seem to have got their calculations wrong while foraying into GSM platform. Both the operators who had announced big war chest while foraying into the GSM domain disappointingly or rather alarmingly are witnessing significant drop in revenue.
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