CDMA technology News
SSTL reduces net loss in March quarter
Sistema Shyam Teleservices, whose mobile telephony licences were ordered cancelled by the Supreme Court in February, reduced its net loss to Rs 527.8 crore in the January-March quarter, against a net loss of Rs 666.4 crore in the first quarter of 2011.
Revenue rose 72 per cent to Rs 407.2 crore, from Rs 236.2 crore in the corresponding quarter of 2011, driven by 57 per cent growth in subscribers.
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