Tata group telecom companies pay ₹2,000 cr more to DoT

Tata Group telecom companies Tata Teleservices Ltd (TTSL) and Tata Teleservices (Maharashtra) Ltd (TTML) have made an additional payment of ₹2,000 crore to the Department of Telecommunications.

The payment is made in good faith and as a matter of abundant caution towards licence fees, spectrum usage charges and applicable interest, penalty and interest on penalty.

“This on-account payment is subject to reconciliation after the conclusion of the process of computation and verification being conducted by DoT spanning a period beginning from FY2007 and spread across 20 circles,” the companies said in joint statement.

The payment of ₹2,000 crore is in addition to ₹2,197 crore the firms on February 17 in the Adjusted Gross Revenue (AGR) issue, it added.