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.

The steep QoQ ARR decline to 51p came in Q3, down from 56p in Q2. Notwithstanding, Idea still increased its revenue and EBITDA in the established 11 service areas by 4.2% (Rs. 1,139 mn) and 4.4% (Rs. 354 mn) respectively over the last quarter. The EBITDA margin for these 11 service areas also remained unchanged from the previous quarter at ~ 30%. Standalone PAT, even after absorbing the losses from new launches, has declined only by Rs 554 mn in Q3 over Q2, despite a one time income of Rs 317 mn in Q2, and an incremental charge of Rs 179 mn in Q3 on account of ESOP re-pricing. Cash profit for Q3 stood at Rs 6,983 mn. On a standalone basis, the total minutes on network grew by 14.9% on a QoQ basis, a strong indicator of customer preference

Results, both for Q3 FY10, and for YTD Q3FY10, speak of the enormous robustness and resilience of the company’’s business model, to emerge stress-tested and battle ready. The financial results are also an indication that any future competitive price cuts will only hasten the expected sector shake-out.
With the launch of operations in J&K, West Bengal, Kolkata, Assam and NESA during the quarter, the company is now a pan India operator, which also means that the peak funding period for 2G operations, is now behind. The balance sheet of the company, with a net debt of only Rs. 37,460 mn against a net-worth of Rs 141,181 mn as of Dec”09, together with an average cash generation of around Rs. 7,000 mn per quarter, provides a solid base to support future investment and any level of competitive pressure going forward.
Improving capacity utilization and operational efficiencies, the leveraging of spectrum and scale advantage in incumbent areas, a calibrated approach for new areas, sophisticated processes, brand power, and a strong balance sheet, position Idea to emerge competitively stronger during and after the current difficult phase of market overcapacity and hyper competition.

Notes:

1. Idea Standalone represents Idea, and its 100% subsidiaries, includirg the ABTL service area of Bihar. Effectively, this encompasses all operations, excluding Spice and Indus.
2. Idea Consolidated represents Idea, its 100% subsidiaries, and its JVs, grouped together. In addition to Idea standalone, this covers the proportionate consolidation of Indus (16%), and Spice (41.09% w.e.f. October 16, 2008).
3. 11 Service Areas represent Maharashtra & Goa, Gujarat, Andhra Pradesh, Madhya Pradesh & Chhattisgarh, Delhi, Kerala, Haryana, Uttar Pradesh West & Uttaranchal, Uttar Pradesh East, Rajasthan and Himachal Pradesh service area.
4. New Service Areas represents Mumbai, Bihar, Orissa, Tamil Nadu, J&K, Kolkata, West Bengal, Assam and North East Service Areas.
5. Cash profit includes add back of non-cash charge on account of ESOP. Previous period figures have also been restated accordingly.
6. Figures of past periods have been regrouped, wherever necessary..

The Company has posted a profit after tax of Rs 1657.90 million for the quarter ended December 31, 2009 as compared to Rs 2149.00 million for the quarter ended December 31, 2008. Total Income has increased from Rs 10613.60 million for the quarter ended December 31, 2008 to Rs 11558.40 million for the quarter ended December 31, 2009.

The Audited Consolidated Results are as follows

The Group has posted a profit after tax of Rs 1727.80 million for the quarter ended December 31, 2009 as compared to Rs 2228.70 million for the quarter ended December 31, 2008. Total Income has increased from Rs 10925.40 million for the quarter ended December 31, 2008 to Rs 11878.70 million for the quarter ended December 31, 2009.

expensive, and better mobile experience. As a member of the Open Handset Alliance, Sasken Communication Technologies Limited, will work with other member companies to enable launch of differentiated devices and user experiences through its unique combination of consultancy & services in both hardware and software and also bring its software products to the Android platform.

Working across the Value chain for devices with solutions being delivered through its various proximity centers in Mexico, Finland, Germany, USA, China and Korea, Sasken brings to the alliance not only its leadership in Hardware, Software, and System integration skills but also its portfolio of multimedia products. TK Srikanth, Vice President and Head of Portfolio management said, “Sasken is privileged to be part of the Open Handset Alliance. Sasken

solutions Lo die Android plaLforiu. Andiuid provides die ideal pladuiiu fur Ritli media
consumption and a differentiated user experience* which is already shaping the nature of
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membership to the Open Handset Alliance strengthens our position to serve the community
better and enable these experiences.”

GAIL has completed the route survey of the total length of the pipeline network and the tendering process for line pipe procurement will start shortly. The High level clearance committee of the Karnataka Government has already accorded approval for the pipeline projects and the Government of Karnataka has nominated Karnataka State Industrial Investment Development Corporation (KSIIDC) as nodal agency for facilitating the acquisition of land for Dabhol- Bengaluru Pipeline project. GAIL has already applied for various crossing permissions for laying the pipeline and will set up a Regional Gas Management Centre at Bengaluru for distribution and supply of the gas business through this pipeline.

GAIL is currently implementing 1,389 km, 30 inch diameter Dabhol-Bengaluru pipeline at an investment of Rs. 4543.43 crore with a design capacity of 16 MMSCMD. In part A of the first phase, 402 km pipeline will be laid from Dabhol to Gokak along with spurlines to Belgaum and Goa at an estimated investment of Rs. 1593.47 crore and is scheduled to be completed by 2011-12.In part B of the phase I, 570 km pipeline will be laid from Gokak to Bengaluru (KPCL, Bidadi) along with spur lines / feeder lines to Bengaluru at an estimated investment of Rs. 2,463.91 crore and is scheduled to be completed by 2011-12 / 2012-13. In phase II of the project, 417 km spur lines / feeder lines will be laid to Ratnagiri, Kolhapur, Sangali, Bijapur, Dharwad, Devangere, Harihar and Tumkur at an estimated investment of Rs. 486.05 crore and is scheduled to be completed by 2012-13 / 2013-14.