NIFTY TIPS

Thursday, January 28, 2010

TTML Q3 revenues up 16% to Rs 603 cr

TTML (Tata Teleservices (Maharashtra)) has announced its third quarter results of FY10. The company registered 16% growth in revenues as compared to the corresponding quarter last year. Its nine-month ended revenue stood at Rs 1,666 crore.

It has reported sequential quarter on quarter revenue growth of 10%. Sequential quarterly EBITDA growth came in at 11% and for the nine months at Rs 414 crore with an EBITDA margin of 25%.

TTML launched GSM services in August 2009. GSM services were on offer in the third quarter for the full quarter, as compared to part of the quarter in the second quarter.

The extremely successful launch of TATA DOCOMO has given a significant boost to subscriber additions and revenues.

The subscriber base at the end of the third quarter stood at 11.5 million – an increase of 74% over the corresponding quarter of the previous year.

Wireless Minutes of Use (MoUs) grew 39% over the corresponding quarter of the previous year.

Revenues grew by 16% to Rs 603 crore for the quarter ended December 31, 2009, compared to Rs 518 crore for the corresponding quarter of the previous year, and by 10% as compared to Rs 550 crore for the immediate preceding quarter.

The company registered an EBITDA of Rs 135 crore with an EBITDA margin of 22% for the quarter ended December 31, 2009, compared to Rs 151 crore for the corresponding quarter of the previous year, and Rs 121 crore for the immediate preceding quarter.

Source: Moneycontrol.com
Courtesy moneycontrol.com

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Saturday, January 23, 2010

Motorola files US ITC complaint against RIM

Motorola Inc has asked US regulators to bar Research In Motion from the US sale of its products, accusing the BlackBerry maker of infringing on five Motorola technology patents.

Motorola, which has been losing market share to Canada's RIM for years, said most of RIM's products infringe on at least one of the patents, which cover technology for Wi-Fi, application management, user interface and power management. A representative for RIM declined comment.

The complaint stems from the rivals' failure to reach an agreement to renew a technology cross-licensing pact that allowed them to use each others' technology, according to Motorola. The previous pact expired in December 2007.

The companies have been in litigation in a Texas court since February 2008 due to their failure to reach a deal.

Asked about the timing for the complaint with the US International Trade Commission, Jonathan Meyer, Motorola's senior vice president of intellectual property law, said the company had been considering the move for some time.

"The parties are very far apart in discussions of a resolution," Meyer said.

It is a common practice for technology companies to engage in prolonged legal battles in the hope of gaining the upper hand in negotiations for licensing agreements.

Motorola said it asked the ITC to start an investigation into RIM's use of Motorola patents, to prohibit the Canadian company from importing the infringing products and to stop it from selling infringing products that were already imported.

Meyer said the ITC typically considers complaints for a month before deciding whether to launch an investigation, which could take 12 to 14 months to complete.

Motorola shares closed down 16 cents or 2 percent at USD7.21 on the Nasdaq. RIM's US shares closed down 3 percent or USD1.91 at USD61.68.

Source: Reuters
Courtesy moneycontrol.com

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Mobile calls to helpline may no longer be toll-free

The Indian mobile customer, used to making calls to customer-care call centres for free, may no longer have that luxury.

CNBC-TV18 reports, quoting exclusive sources, that Indian mobile operators have approached the Telecom Regulatory Authority of India (TRAI) approving its nod to levy a charge for making calls to the helpline.

Several countries allow telecom companies to charge users for contacting the call centre and the move behind Indian telecom companies, sources say, is to reduce frivolous calls to the centres and help improve margins.

Source: CNBC-TV18
Courtesy moneycontrol.com

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Friday, January 22, 2010

Bharti Q3 PAT dips, sees hyper competition till Q1 FY11

India's largest telecom player, Bharti Airtel has announced its third quarter results of FY10. It has reported a 3.66% decline in its net profit of Rs 2,236 crore as against Rs 2,321 crore, on quarter-on-quarter basis (QoQ).

Net sales increased 4.66% to Rs 10,304 crore from Rs 9,845.5 crore (QoQ). The telecom player's numbers were slightly above the market estimates; CNBC-TV18 poll saw the company's net profit at Rs 2,120.7 crore and net sales at Rs 9,747.5 crore.

EBIDTA (earning before interest, depreciation, tax and amortisation) margin declined to 40% versus 42% (QoQ).

Bharti group’s Chairman and Managing Director Sunil Mittal said the company continued to ensure robust market share despite hyper competition, which, he said was expected to continue for another two quarters, and maintained drive for internal efficiencies via scale economics. “The industry is going through peak of competitive intensity, but will become stable in the second half of 2010. We will see signs of consolidation in 2010,” he said, adding that two more players were expected to join the industry in the next five-six months. Also, existing operators were coming back stronger. However, he added that the new players would have to struggle more versus incumbents.

On the recent acquisition, he said that the company had enlarged contagious foot print in South Asia via the Warid stake. Bharti bought 70% stake in the Bangladesh’s Warid Telecom.

As per US GAAP, its revenues declined 0.75% to Rs 9,772 crore from Rs 9,845.5 crore and net profit slipped 4.78% to Rs 2,210 crore versus Rs 2,321 crore (QoQ). The company reported forex gain of Rs 148 crore this quarter.

Bharti Q3 Internals

-Telemedia revenue came in at Rs 855 crore and EBIDTA margin at 46.1%.

-Enterprise services revenues stood at Rs 2054.6 crore and margin at 48.8%.

-DTH revenues stood at Rs 141.4 crore and EBIDTA loss was at Rs 247.7 crore.

-Infratel revenues were at Rs 926.7 crore and its margin at 46.1%.

Overall EBIDTA

Q3FY10: 40%

Q2FY10: 42.1%

Q1FY10: 41.8%

Q4FY09: 40.7%

Segment revenues

* Mobile: Rs 7961.8 vs Rs 8099 crore ( Estimate: Rs 7977.9 crore)

* Broadband: Rs 855 cr vs Rs 854.4 crore ( Estimate: Rs 860 crore)

* Enterprise carrier: Rs 2045.6 crore versus Rs 2133.1 crore ( Estimate: Rs 2145 crore)

Segment Margins

Mobile Telemedia Enterprise

Q3FY10 30.4% 46.1% 48.8%

Q2FY10 31.9% 42.9% 51.7%

Q1FY10 33.03% 40.56 49.06%

Q4FY09 31.45% 44.79% 45.87%

Q3FY09: 31.44% 44.93 44.93%

MOBILE

ARPU MOU RPM

Q3FY10 230 446 0.51

Q2FY10 252 450 0.56

Q1FY10 278 478 0.58

Q4FY09 305 485 0.63

Q3FY09 324 505 0.64

Q2FY09 331 526 0.63

Q1FY09 350 534 0.655

BHARTI Infratel

* Revenues: Rs 926.7 crore versus Rs 858.6 crore

* EBIDTA: Rs 426.9 crore versus Rs 402 crore

* Tenancy: 1.57 versus1.49

* Towers: 29806 versus 29112

Particulars	Dec-09	Sep-09	Jun-09	Mar-09
Net Sales / Interest Earned / Operating Income	8755.45	8901.66	9040.51	9016.81
Other Income	16.11	25.44	15.78	32.85
Expenditure	-5450.36	-5365.99	-5453.61	-5480.07
Interest	225.66	-80.02	430.17	-344.8
Profit Before Depreciation and Tax	3546.86	3481.09	4032.85	3224.79
Depreciation	-990.18	-944	-953.04	-902.33
Profit before Tax	2556.68	2537.09	3079.81	2322.46
Tax	-244.58	-240.15	-392.3	-247.47
Net Profit	2312.1	2296.94	2687.51	2074.99
Equity Capital	1898.48	1898.42	1898.37	1898.24

Source: Moneycontrol.com
Courtesy moneycontrol.com

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Thursday, January 21, 2010

Idea Cellular Q3 cons net profit at Rs 170.1 cr

Idea Cellular has declared its third quarter results. The company's Q3FY10 consolidated net profit was down at Rs 170.1 crore versus Rs 220.2 crore, quaretr-on-quarter.

The company's revenues were up at Rs 3,136 crore versus Rs 2,923.9 crore, qoq.

Source: Moneycontrol.com
Courtesy moneycontrol.com

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WWIL Q3 net loss at Rs 34.8 cr

WWIL (Wire and Wireless) has announced its third quarter results of FY10. It has reported net loss of Rs 34.8 crore as against net loss of Rs 41.37 crore, on quarter-on-quarter basis (QoQ).

Net sales increased to Rs 50.4 crore from Rs 47.7 crore (QoQ).

Source: CNBC-TV18
Courtesy moneycontrol.com

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Saturday, January 16, 2010

Kuldip Singh takes over as MTNL chairman

Kuldip Singh, currently a director with Indian state-run Mahanagar Telephone Nigam Ltd, has been appointed as the acting chairman and managing director of the company, effective Friday.

"Yes, I have taken over from today," Singh told Reuters by telephone.

Former Chairman RSP Sinha had resigned from his post and Thursday was his last day with the company, Singh said.

Source: Reuters
Courtesy moneycontrol.com

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MTNL chairman resigns: Report

The chairman of Indian state-run telecom Mahanagar Telephone Nigam Ltd (MTNL), has resigned, the Press Trust of India news agency reported on Tuesday.

"Yes, I have put in my papers," RSP Sinha told the agency. The PTI report was carried on the Business Standard's website.

Reuters could not contact Sinha for a comment.

The PTI said Sinha, who was 18 months away from retirement, did not speak about reasons for his stepping down.

MTNL shares closed down 5.1% in a Mumbai market that fell 0.6%.

Source: Reuters
Courtesy moneycontrol.com

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TRAI seeks industry comments on FDI hike

India's telecom regulator on Friday issued a consultancy paper seeking suggestions from the industry on hiking foreign investment limit in the broadcasting sector.

The industry players have to revert with suggestions by Jan 30, a press release on the Telecom Regulatory Authority of India's website showed.

TRAI is seeking suggestions on hiking foreign investment limit in cable network, direct-to-home services and uplinking hub/teleports to 74% from 49% now.

The regulator has also sought suggestions on hiking foreign investment limit in FM radio to 49% from 20% now and to 49% in news and current affairs TV broadcasters from 26%, the website showed.

Source: Reuters
Courtesy moneycontrol.com

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Friday, January 15, 2010

Reliance Infratel IPO gets SEBI nod: Sources

Reliance Communications has got the market regulator's nod for its planned initial public offering (IPO) of its tower unit, two banking sources with direct knowledge of the development said on Thursday.

A Reliance Communications spokesman confirmed the development when contacted, but he gave no details.

Reliance Infratel had filed with the Securities and Exchange Board of India for the IPO, which sources have said could raise up to USD 1 billion for a 10% stake.

"The regulator has said if you fulfil certain condition, then you are free to go ahead with the IPO, which is the normal procedure," said one banking source.

Source: Reuters
Courtesy moneycontrol.com

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Reliance Comm adds 2.8 mn users in December

Reliance Communications, India's No. 2 mobile operator, added 2.8 million mobile users in December, the company said on Friday.

Reliance Communications had 91 million users as at end-November, according to data from the telecoms regulator.

Source: Reuters
Courtesy moneycontrol.com

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Thursday, January 14, 2010

Bharti rejigs top management; Kohli to oversee global foray

As it goes about expanding global footprint, Bharti Airtel today announced changes in top management to suit its endeavour by naming CEO Manoj Kohli as head of its International Business Group.

The company also elevated Deputy CEO Sanjay Kapoor to the post of CEO.

The move is aimed at enhancing its focus on expanding operations in international markets beyond India and South Asia and to further consolidate its leadership position in India, the company said in a statement.

"The next phase of our journey is set to be another game changer -- requiring superior thrust and focused leadership. We continue to win in Indian telecom market, which is going through a phase of hyper competition. At the same time, we will be developing comprehensive plans for our journey to cover emerging markets beyond India and South Asia," Bharti Airtel Chairman and MD Sunil Mital said.

The new organisation structure will be effective from April, this year.

The strategic rejig came a day after it agreed to buy majority 70 per cent stake in Warid Telecom of Bangladesh for USD 300 million.

Airtel has also announced creation of a new dedicated International Business Group that will be responsible for expanding the company's operations beyond India and South Asia region, the statement said.

Kohli will lead the International Business Group as the CEO and MD and will continue to be a member of Bharti Airtel board, the statement added.

In his new role, Kapoor would be responsible of leading India and South Asia business of Bharti Airtel and will drive growth and business synergies in mobile services, telemedia services, enterprise services and DTH.

He will lead Bharti Airtel towards strengthening its position as a benchmark in innovative practices, brand leadership, operational efficiency, customer values and leadership depth.

"Bharti Airtel is one of the finest management teams in the country and a strong leadership pipeline. This structure will leverage our management depth and build a strong platform for fulfilling our global vision, Mittal added.

Both Kapoor and Kohli will report to Sunil Mittal.

PTI
Courtesy in.com

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