Mumbai: Tata Teleservices (Maharashtra)'s
GSM capex plan would be over by June 2010 and the company has
recast its short-term debt into long-term debt, a top compnay
official said.
"The GSM capex plan will be over by June next year,"
Tata Teleservices (Maharashtra) Limited (TTML) Managing
Director, Mukund Rajan, told reporters here today.
The company has already spent around Rs 1,000 crore,
he said.
Earlier, he launched the first GSM experience store in
the city.
The Tata group official also said that the company had
recast its short-term debt to long-term debt upto 2019.
The company's current net debt stands at Rs 3,300
crore, he said.
Tata group launched its GSM arm, DoCoMo in Mumbai and
Maharashtra in August.
Mukund said that the company's EBIDTA was likely to be
impacted in the next two quarters in view of the GSM roll-out
plans.
Mukund said that the company was awaiting spectrum
allocation from the Department of Telecom to expand its
network further.
Bureau Report
First Published: Thursday, November 19, 2009, 14:44