Tata Tele Maharashtra loss widens to Rs 1,070 crore in June quarter

Telecom operator Tata Teleservices (Maharashtra) Ltd (TTML) on Wednesday reported widening of loss to Rs 1,070 crore in the April-June quarter mainly due to a provision of Rs 776.77 crore to clear revenue dues to the government.

The company had posted a loss of Rs 228.6 crore in the same quarter a year ago.

Tata Teleservices loss widened on account of the company making provision of Rs 776.77 crore to be paid to the government.

The Supreme Court in October 2019 ruled in favour of the government and asked all telecom players to pay licence fee and spectrum usage charges as per claim made by the Department of Telecom.

As of March 31, 2020, TTML had provided Rs 2,423.37 crore towards licence fee, spectrum usage charges, interest, penalty and interest on penalty as applicable arising out of the SC judgement.