Spice i2i, the IP communication solutions provider of Voice, Data, Computing services and Mobile Handset distribution, has reported a net loss of US$0.4 million ($0.6 million) for the first quarter (Q1) ended 31 March 2010 although turnover increased 40.8% to US$42.1 million for the first quarter over the same period in 2009.

The increase in revenue was brought about by two main factors, says Spice i2i. First, the recently-concluded Spice-CSL venture contributed to the growth in revenue via sales of mobile handsets. In addition, the newly acquired subsidiaries, Spice BPO Services Limited and Bharat IT Services Limited, played a part in the increase through sales of voice services and computer hardware.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) for Q1 2010 was US$1.6 million ($2.2 million) compared to US$1.4 million ($2 million) for Q1 2009.

Going forward, the group says it will continue to develop its Voice, Data and Computing business, focusing on mobile internet, mobile handsets and value-added services. These operations will be amalgamated to integrate content, services and delivery platforms. Besides offering superior value to customers, this move will also allow Spice i2i to participate in the full spectrum of value creation in the mobility domain.