Tata Teleservices Limited (TTSL) has reported losses of Rs 38.46 billion in 2014-15. Meanwhile, the company?s revenues increased marginally from Rs 104.52 billion in 2013-14 to Rs 109.44 billion in 2014-15.
The company incurred finance costs of Rs 26.40 billion in 2014-15, an increase from Rs 25.12 billion in the previous year. The company?s debt increased by 10.51 per cent, from Rs 245.06 billion in 2013-14 to Rs 270.82 billion in 2014-15.
Tata Sons, the group holding company, infused Rs 10.25 billion in 2014-15, to allow TTSL to meet its financial obligations. The company participated in the auctions held in March 2015 and acquired spectrum in Andhra Pradesh, Delhi and Haryana circles by bidding Rs 40.34 billion. The company has paid Rs 10.59 billion as upfront payment for this spectrum.
