Tata Tele leads mobile user addition with 3.3 mn in Dec
Tata Teleservices has emerged as the number one operator in terms of subscriber addition for the fifth consecutive time by adding 3.3 million subscribers in December 2009.
However, the dual technology (GSM and CDMA) service provider stated that the company has become the number one telecom operator in India in December.
Tata Teleservices gained 1.65% and closed at Rs 27.8 on BSE.
Meanwhile today, the BSE Sensex closed down by 191.46 points, or 1.12% at 16859.68.
The stock touched an intraday high of Rs 28.05, as against the 52-week high of Rs.41.8. The stock hit a low of Rs 25.25 during the day. The stock had hit a 52-week low of Rs. 18.70 on March 12, 2009. On BSE, 1228643 shares were traded in the counter.
Tata Teleservices has an equity capital of Rs 1897.19 crore as on March 2009. The face value per share is Rs 10. At the closing price of Rs 27.8, book Value of -1.94 and P/BV at -14.32.
The company has overtaken BSNL to become the fifth largest telecom firm in terms of subscriber additions, with over 57 million subscribers as on December 2009.
TTSL”s GSM service DoCoMo brand coupled with its CDMA brand (Tata Indicom) pay-per-second billing system have catapulted the subscriber base of the company.
Earlier Idea Cellular had replaced BSNL from number four position while BSNL has 5.72 crore wireless subscribers.
Meanwhile, Bharti Airtel, India”s number one telecom operator in terms of mobile subscriber base has added 2.8 million subscribers in the same period.
It is the market leader with 118.8 million subscribers while in total mobile user base Bharti Airtel is followed by Reliance Communications, Vodafone Essar, Idea Cellular, TTSL and BSNL.
Tata Teleservices, however, has added 3,336,476 new subscribers in December 2009 from its CDMA and GSM operations put together.
On the other hand, in November 2009 also, TTSL had showed a healthy growth in new additions, with 3,329,215 new subscribers being added.
Previously, Tata Indicom has announced the launch of 2 power packed recharge vouchers namely RCV 201 and RCV 2010.
Priced at Rs.201 and Rs.2,010, both vouchers have free talk time while the vouchers will be available till January 10.
Moreover, Tata Teleservices Limited (TTSL) launched Photon TV for information and entertainment access on the move on its wireless net access product Photon.
It is an exciting new application that allows Tata Photon Plus subscribers to watch live television channels on their laptops while on the move and on their personal computers at home and in the office.
However, earlier, Tata Teleservices said it has become the top grosser of subscribers for the third consecutive month, with over 3.8 million new mobile users in October while Tata Teleservices, which is credited for starting per second billing for subscribers, has added 3.8 million users in October from its CDMA and GSM operations put together.
Meanwhile, Tata DoCoMo extended its per-second-billing scheme to roaming calls, intensifying the tariff war in India”s fast growing wireless telecom market and with Tata DoCoMo ready to launch its GSM services pan-India this year, this game-changing roaming option will be available across India.
Tata Teleservices pioneered the per-second-billing scheme that stepped up competition among peers who followed the per-minute billing norm while the move aims to redefine the concept of making calls while ”roaming” in India, much as Tata DoCoMo”s per-second billing offer did for local and long-distance calls a few months ago.
Regarding the financial performance, for quarter ended September 2009, the company reported rise of 4.83% in its net sales to Rs 238.26 crores as compared to Rs 513.44 crores of corresponding period of previous year. Further, net profit of the company rose 128.02% to Rs. (107.98) crores for quarter ended September 2009.
Tata Teleservices Limited (TTSL) is a part of the Tata Group of companies, an Indian conglomerate. It operates under the brand name Tata Indicom in various telecom circles of India.
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