Flip side of No Game - Indian Telecom

Revenues reported for Jan'09 to Mar'09 Qr by various players gives different findings .We have been talking leadership basis on nos for long time.Of cource,Market evalutions done taking sub base as the top factor to determineprice in last year M&A.But, bottomlines are not in proportion to sub base.More sub base does not mean more revenues.Following figures are very intresting

Revenues Cr Sub Base Operator Rev Per Sub Rs
7998 10 Bharati 80
4456 68.7 Vodafone 65
2998 72.6 Rcom 41
2389 39 Idea 61
1889 35 TTSL 54
721 15.7 Aircel 46

Data Source: Various web sites/news papers

With 3.9cr sub base, Idea rev per sub stands approx rs.61 while Rcom with 7.3 subbase stands with just rs.41 per sub rev while market leader Bharati per sub rev for said period at about rs.80. While future finds more competive with new entrants,Its critical to player to sustain the current revenues and scale up further.