OREANDA-NEWS. April 16, 2012. Sistema Shyam TeleServices Ltd. (SSTL), which operates its telecom services under the MTS brand in India, today announces its unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2011, reported the press-centre of Sistema.

Key Financial & Operational Highlights for the Fourth Quarter and for FY 2011
 
Consolidated revenues for the quarter and year up by 20% and 136%, to INR 3,923 million (USD 76 million) and INR 12,349 million (USD 262 million), respectively. Quarterly revenues continue to grow faster than growth in wireless (Voice & Data) subscriber base, which for the quarter was up by 13.2% to 15.02 million. For the year mobile subscriber base grew by 78%.
 
Non-voice revenues from both data and mobile VAS for the quarter and year up by 22% and 327%, to INR 1,281 million (USD 25 million) and INR 3,718 million (USD 79 million), respectively. Non Voice revenues now contribute 33% of total quarterly revenues and the contribution has increased by 60bps for the quarter. 
 
Blended mobile ARPU for the quarter and year increased by 2.4% and 9% to INR 87 and INR 84, respectively.

SSTL’s data card subscriber base for the quarter up by 25% to 1.34 million subscribers. SSTL added 0.27 million data card subscribers during the quarter, highest additions in a quarter till date.
 
The Company has rapidly expanded its HSD services to over 300 towns across India.
 
Consolidated OIBDA loss for the quarter and year stands at INR 5,690 million (USD 110 million) and INR 18,927 million (USD 402 million), respectively. Yearly OIBDA margins improved 134 p.p. Y-o-Y.
 
To Strengthen the connect of Brand MTS with the masses, the Company signed up Bollywood Sensation & Youth Icon Imran Khan.
 
According to Vsevolod Rozanov, President and Chief Executive Officer of Sistema Shyam Teleservices Ltd, “The growth in Consolidated Revenues for the quarter and the year clearly reflects the strong performance delivered by the Company. This has been possible due to the huge investments made by SSTL. However due to the nature of the telecom business and the aggressive expansion plans of the Company, net income continues to be negative. In-addition, the current operating environment also remains uncertain. In spite of all these challenges, SSTL remains committed to further expand its voice and data business and looks upon the Indian Government to move fast to resolve all issues being faced by the telecom sector.”