Tata Teleservices (Maharashtra) Limited (TTML) is planning to set aside Rs 85 billion for the upcoming 3G spectrum auctions and for the upgradation of its existing networks.

Tata Teleservices (Maharashtra) Limited (TTML) is planning to set aside Rs 85 billion for the upcoming 3G spectrum auctions and for the upgradation of its existing networks. The company also intends to increase its borrowing limit from the current Rs 60 billion to meet its debt requirements over the next two-three years. TTML expects to generate higher revenues this fiscal year by tapping the market for its recently launched GSM services and the rising demand for data services.