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Tata Sons pegs AGR liabilities of two telecom firms at Rs 19,638 cr

Tata Teleservices, one of the first to start wireless telephony services in India, becomes cash burner for group

Topics
Tata Sons | Adjusted gross revenue | Telecom companies

Dev Chatterjee  |  Mumbai 



The move will benefit companies as their cash requirement would come down. It will unblock the cash of telecom operators that they keep with banks to furnish bank guarantees.
Tata Teleservices, one of the first companies to start wireless telephony services in India, has become a cash burner for the steel-to hotels group.

Sons has pegged the gross liabilities of Teleservices and its listed subsidiary, Tele Maharashtra, at Rs 19,638 crore for what the owe to the government as (AGR).

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First Published: Tue, August 23 2022. 14:57 IST

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