Tata Communications Q3 consolidated EBITDA up by 61% YoY
Tata Communications has announced its financial results for the quarter ended December 31, 2011.Consolidated gross revenues were at Rs. 36,041 million in the quarter ended December 31, 2011as against Rs. 33,736 million in the previous sequential quarter and Rs. 30,180 million in the same quarter last year. The Core Business accounted for Rs. 31,648 million as against Rs. 29,079 million in Q2 FY2012 and Rs. 28,535 million in Q3FY2011. The Startup Business, primarily Neotel, posted revenues of Rs. 4,394 million in the quarter ended December 31, 2012as against Rs. 4,657 million in Q2 FY2012 and Rs. 1,645 million in Q3 FY2011.
Vinod Kumar, CEO & MD, Tata Communications said, "We are very pleased to report a healthy improvement in the operating performance of the business. Global voice has demonstrated continued improvement in volumes and revenues. The company's global data business is scaling up as planned. Complementing our leadership in the enterprise data segment within India, we have been growing our international revenues as reflected in the enhanced uptake of our customised offerings and managed services."
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