Tata Tele Maharashtra’s losses narrow to Rs 313.6 crore in Sept quarter

Tata Teleservices (Maharashtra) Ltd on Wednesday reported narrowing of losses to Rs 313.6 crore for the quarter ended September 30.

Its losses stood at Rs 341.1 crore in the year-ago period.

The company’s total income for the second quarter ended September 2021 stood at Rs 271.33 crore, about 4.6 per cent higher than the corresponding period of the previous year.

Following the government’s announcement of reform and relief measures for telecom service providers, the Department of Telecommunications (DoT) on October 14 issued a communication to TTML and Tata Tele Business Services Ltd (TTSL) granting them opportunity of opting for deferment of the AGR dues by four years and paying interest amount by converting the same into equity.