\"\"
<\/span><\/figcaption><\/figure>Mumbai: Tata Teleservices<\/a> (Maharashtra) (TTML) has decided not to convert its accrued interest on deferred AGR dues into government equity, saying the amount to be converted - Rs195.22 crore as per the government's calculations is much lesser than what it had estimated, or Rs850 crore.

\"As the interest amount eligible for conversion is much lesser than as expected and calculated by the company, the Board of Directors of the company, in its meeting held on February 1, 2022 has decided to withdraw the desire expressed for conversion and inform
DoT<\/a> that the Company is not desirous of opting for conversion of interest into equity,\" said the telco in a regulatory statement on Tuesday.

The difference between the Department of Telecommunications (DoT) and
Tata<\/a> Teleservices (Maharashtra) occurred over net present value (NPV) of accrued interest. The telco had estimated the amount to be approximately. Rs.850 crore , which would have meant a 9.5% stake to the government.

However, DoT had a different amount which was 77% less than the company's estimates. Shares of the telco closed at Rs 142.15, down by 4.98% on the BSE on Tuesday.

\"The DoT in response has informed the company that the NPV of the interest which is eligible for conversion into equity is only Rs.195.22 crore as against company‘s calculation of Rs.850 crore,\" said TTML.

The average price of the company’s shares as of the relevant date of August 14, 2021, was around Rs. 41.50 subject to final confirmation by the DoT. If the deal had gone through, it would have led to dilution of all the existing shareholders of the company, including the promoters–Tata group companies—which hold 74.36%.
\"Govt<\/a><\/figure>

Govt expects near 27% fall in revenue from telecom sector in FY23; FY22 revenue well above Budget estimates<\/a><\/h2>

“The 5G spectrum auction will be conducted in 2022 to facilitate rollout of 5G mobile services within FY22-23 by private telecom operators,” the FM said.<\/p><\/div>

\"\"
<\/span><\/figcaption><\/figure>Mumbai: Tata Teleservices<\/a> (Maharashtra) (TTML) has decided not to convert its accrued interest on deferred AGR dues into government equity, saying the amount to be converted - Rs195.22 crore as per the government's calculations is much lesser than what it had estimated, or Rs850 crore.

\"As the interest amount eligible for conversion is much lesser than as expected and calculated by the company, the Board of Directors of the company, in its meeting held on February 1, 2022 has decided to withdraw the desire expressed for conversion and inform
DoT<\/a> that the Company is not desirous of opting for conversion of interest into equity,\" said the telco in a regulatory statement on Tuesday.

The difference between the Department of Telecommunications (DoT) and
Tata<\/a> Teleservices (Maharashtra) occurred over net present value (NPV) of accrued interest. The telco had estimated the amount to be approximately. Rs.850 crore , which would have meant a 9.5% stake to the government.

However, DoT had a different amount which was 77% less than the company's estimates. Shares of the telco closed at Rs 142.15, down by 4.98% on the BSE on Tuesday.

\"The DoT in response has informed the company that the NPV of the interest which is eligible for conversion into equity is only Rs.195.22 crore as against company‘s calculation of Rs.850 crore,\" said TTML.

The average price of the company’s shares as of the relevant date of August 14, 2021, was around Rs. 41.50 subject to final confirmation by the DoT. If the deal had gone through, it would have led to dilution of all the existing shareholders of the company, including the promoters–Tata group companies—which hold 74.36%.
\"Govt<\/a><\/figure>

Govt expects near 27% fall in revenue from telecom sector in FY23; FY22 revenue well above Budget estimates<\/a><\/h2>

“The 5G spectrum auction will be conducted in 2022 to facilitate rollout of 5G mobile services within FY22-23 by private telecom operators,” the FM said.<\/p><\/div>