Tata Tele losses narrow

30 Oct 2006

Indian telecoms group Tata Teleservices has narrowed third quarter operating losses by 30% year-on-year to INR930 million (USD20.6 million), on the back of a 31% rise in revenues to INR3.4 billion, the company said in a statement. In the three months ended 30 September EBITDA grew 146% to INR640 million. Tata did not disclose operational statistics in the announcement.

India, Tata Teleservices (TTSL, incl. TTML)