Sistema Shyam narrows loss to Rs 495 cr
Sistema JSFC and provides CDMA technology based mobile telecom services in the country.
The company was allowed to participate in recent spectrum auction to continue its operations but it opted out of it.
Rozanov said "Going forward, the plan includes to continue our focus on driving operational efficiencies. In addition, the company's immediate priority is to look at the outcome of its curative petition filed in the Honourable Supreme Court."
On staying away from the spectrum auction Rozanov said: "Given this context, and also considering the level of recommended spectrum prices, SSTL had no choice other than not to take part in the 2G auctions for 800 Mhz."
SSTL's mobile subscriber base increased by 0.3 per cent quarter-on-quarter and reached 16.64 million customers as on September 30, 2012.
The minutes of telecom service usage by company's mobile subscribers in third quarter of 2012 declined to 263 minutes compared to 281 minutes in second quarter of 2012.
Rozanov said the subscriber growth during the reported quarter slowed down due to strict control over sales and marketing expenditures, aggressive tariffs and predatory practices launched by competition which lead to churn of existing subscribers. SSTL's subscriber market share increased to 1.83 per cent in third quarter of of 2012 compared to 1.77 per cent in the second quarter of 2012.
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