TATA Teleservices (Maharashtra) Limited today announced financial results for the Quarter ended December 31, 2007.

• Cash Profit of Rs.86 crores for the quarter against Cash Profit of Rs.42 crores for the corresponding quarter in the previous year.

• EBITDA crossed Rs.128 crores for the quarter against EBITDA of Rs.83 crores for the corresponding quarter in the previous year.

• Revenue touched Rs.460 crores for the quarter against Revenue of Rs.367 crores for the corresponding quarter in the previous year.

Financial Results Summary

Revenue touched Rs.460 crores for the quarter against Revenue of Rs.367 crores for the corresponding quarter in the previous year.

The subscriber base crossed 47 lakhs during the quarter. Revenues grew to Rs.1298 crores for the nine months compared to Rs.1034 crores for the corresponding period of the previous year.

EBITDA grew to Rs.335 crores for the nine months compared to the EBITDA of Rs.206 crores for the corresponding period of the previous year.

The company posted a Cash Profit of Rs.217 crores for the nine months against Cash Profit of Rs.78 crores in the corresponding period of the previous year.

During the nine month period, FCCB holders converted 46 Million US Dollar holdings to Equity shares.

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About Tata Teleservices Maharashtra Ltd:

Tata Teleservices Maharashtra Limited (TTML) spearheads the Tata Group's presence in the Indian telecom sector by being the premier telecommunication service provider in Maharashtra and Goa.Company's bouquet of telephony services include mobile, fixed wireless phones (FWP), public telephone booths & wire line services. Its suite of broadband Data Network & Application services include Leased Lines, DSL, Wi-Fi, Ethernet, Managed Gateway services & Web Conferencing services. The company offers integrated telecom solutions to its customers under the Tata Indicom brand, and uses the latest CDMA 3G1X technology for its wireless network. This state-of-the-art technology caters to the needs of all market segments i.e. commercial, residential and PCO facilitates the company's aim to provide good network coverage, high voice quality, reliable service and comprehensive as well as customer-oriented value-added services. TTML has also emerged as the market leader in FWP services in Maharashtra circle.