Tata Tele (Maharashtra) posts Rs 2,335 crore loss for Sept quarter

Telecom operator Tata Teleservices (Maharashtra) on Friday posted a loss of Rs 2,335 crore on account of provisioning for liabilities after the Supreme Court ruling on statutory dues.

The company had recorded a loss of Rs 383.06 crore in the same period a year ago.

Tata Teleservices ( Maharashtra) Limited (TTML) made provision of Rs 2,151 crore following the Supreme Court order on calculation of annual adjusted gross revenue (AGR) of telecom companies.

The apex court last month upheld the government’s position on including revenue from non-telecommunication businesses in calculating the annual AGR, a share of which has to be paid as licence and spectrum fee to the exchequer.