Tata Tele Q3 net loss at Rs 144 cr

Tata Teleservices (Maharashtra) today reported a net loss of Rs 144.62 crore for the quarter ended December 31, 2011.

The company had posted a net loss of Rs 79.58 crore in the corresponding period last year.

The total revenues of the company rose by 9 per cent to Rs 630.55 crore from Rs 577.44 crore last year.

"Over the past year, the mobility market has seen far-reaching changes. The increasing demand for high speed mobile broadband access and associated services is leading to a fundamental shift in the role of mobile telephony," the company's Managing Director N Srinath said in a statement.

"These are exciting times at TTL and mark the company's evolution from being just an access provider to a multi-platform telecom applications and solutions organisation," he said.

During the quarter under review, its value added services and data revenues accounted for 32 per cent of the total wireless revenues, the statement said.

Tata Docomo, the unified brand of the company, has extended its network strength to over 9,000 towers, it added.