Russian-backed cellco Sistema Shyam TeleServices (SSTL), which operates under the MTS India brand, has reported that net losses widened by 79% year-on-year to INR11.80 billion (USD213.64 million) for the three months to end-June 2012, from a net loss of INR6.58 billion in the corresponding period of 2011. Total revenues for the beleaguered cellco in the second quarter of 2012 were INR4.18 billion, a 50% rise y-o-y driven largely by subscriber additions.
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OVETEL SSTL books INR11.8bn net loss
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