Tata Teleservices Maharashtra Ltd (TTML) continues to report losses: Rs 155.67 crore loss for the quarter ended September 30, 2015, up from Rs 103.31 crore loss in the previous quarter and down from Rs 159.38 crore loss in the same quarter last year. Note this is the telco’s 21st straight loss making quarter. The net income from telecom services also decreased to Rs 733.18 crore for the quarter, down from Rs 735.09 crore in the previous quarter and Rs 682.42 crore the same quarter last year. The EBITDA was at Rs 210.49 crore for this quarter. Overall for the half year ended September 30, 2015, the company reported a loss of Rs 258.9 crore, down from Rs 282.29 crore the same period last year. The total income from overall operations was at Rs 746.64 crore for the quarter, however the telco did not mention its total revenues and it had previously stopped providing any information on the contribution of VAS and data revenues to its total wireless revenues. However, the company mentioned that the GSM data revenue for H1 FY16 grew by about 60% year on year. Offer to buy stake : In July, Tata Sons offered to buy Japanese telecom player NTT Docomo’s stake in Tata Teleservices Limited for Rs 23.34 a share or at around Rs 11,000 crore. The offer was made on the basis of a fair market value determined on June 30, 2014. Earlier in March, the Reserve Bank of India (RBI) had rejected Tata Sons’ offer to buy back Docomo’s…
