After Reliance Communications, Tata Teleservices seeks debt recast from lenders
Tata Teleservices has approached a lender consortium to work out debt restructuring and fresh loan request. The company’s request for debt restructure makes it the second telecom operator to seek this recast.
Reliance Jio Infocomm Board Member Mahendra Nahata, Tata Teleservices MD and CEO N Srinath and Tata Sons Director Ishaat Hussain during a metting with telecom players regarding financial difficulties faced by the sector in New Delhi. Image Source: IANS