Tata tele loss narrows on sales growth

Tata Teleservices (Maharashtra) Limited (TTML), the telecom arm of the Tata Group narrowed its second quarter loss to R98 crore, compared to R108 crore in the corresponding period last year

Tata Teleservices (Maharashtra) Limited (TTML), the telecom arm of the Tata Group narrowed its second quarter loss to R98 crore, compared to R108 crore in the corresponding period last year.

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The narrowed loss was on account of the company’s sales that rose to R558 crore during the July-September quarter against R498 crore in the year-ago period. However, the company’s other operating income declined sharply to R19 crore in the second quarter against R40 crore in the same period last year.

Japan’s Docomo holds 26 per cent stake in TTML. Recently, the company announced its plans to foray into 3G services. It also announced that it would launch the services during Diwali.