Page 4 - Tata Teleservices

Tata Tele offers to surrender spectrum without auction, awaits merger

Tata Teleservices's asset across 15-16 circles can be used for 2G services. The spectrum cannot be transferred to Airtel.

Tata Tele, IDFC offers to sell stakes in ATC'S Indian arm for Rs 29.4 bn

ATC TIPL is the second largest private telecom tower firm in India with a portfolio of around 78,000 mobile towers

Tata Teleservices registers India Inc's biggest loss at Rs 275 billion

Net worth stood at negative Rs 452 billion at the end of 2017-18

Delay in sell-off of Tata Teleservices' enterprise biz to hit its valuation

Tata Sons has been keen on selling Tata Teleservices' enterprise business to Tata Communications, but this requires a go-ahead from the DoT as it owns 26 per cent stake in Tata Communications

Tata Teleservices plans to close CDMA service in Delhi from March 19

Tata Teleservices is learnt to have already closed CDMA service in some of the circles

TCS launches new digital enterprises platform on Microsoft Azure

The new platform leverages micro services, natural language processing, Machine Learning and Big Data to drive automation

Tata Tele arm breaches financial covenants

Loans of Rs 1,600 cr could be recalled

Tata Teleservices in talks with Indian lenders to repay debt early

Plans to pare cost and shut down its loss-making wireless telephony business

Telecom exposure of Tata group stands at Rs 47,000 crore

At the end of March this year, various Tata group companies led by Tata Sons had made cumulative equity investments of Rs 11,653 cr in TTSL

Tata Teleservices lenders to recast loans, take haircut

Bankers said many telecom sector entities were facing financial stress

Will take tough call on Tata Teleservices this fiscal: N Chandrasekaran

The Tata Sons honcho didn't said that whether the group would close down the business

Tata Teleservices closure may cost the group dear

Can look at options including sale of tower stake, fibre & enterprise businesses to partly cover Rs 28k-cr loan payback

Tata Teleservices likely to shut down this month

New Delhi, 2 OctoberThe Tata group is preparing to shut down a large part of its telecom business and an announcement is likely later this month, according to industry sources. Senior executives at Mumbai-based Tata Teleservices, which operates wireless, wireline and broadband services, have already been told of the possible closure, it is learnt. Even subscribers are being informally told to migrate to other service providers through MNP (mobile network portability). A closure, the first under Tata Sons Chairman N Chandrasekaran, is being seen as part of a consolidation in the telecom sector. High debt and intense competition have made many businesses unfeasible, triggering a series of mergers and sell-offs. While Tatas were engaged in talks to sell their telecom business to players such as Bharti Airtel and Vodafone, deals failed to fructify, officials at these telcos confirmed. When asked whether a decision had been taken to close the group's telecom business, a Tata Sons ...

Tata Teleservices plans to invest Rs 4,000 cr in listed arm

This is to meet Tata Teleservices (Maharashtra)'s lender commitments

Tata Teleservices says no undue favours to Sivasankaran

The directors said it is incorrect to suggest that any undue benefits were granted to the Siva Group

Tata Tele buyout: Bharti, Singtel out of race; will Reliance Jio buy?

Acquiring Tata Tele with its debt and unliberalised spectrum may be a sour deal for Reliance Jio

Tatas to inject Rs 12,000 crore more in telecom arm

Move to help Tata Tele prepay debt, reduce interest cost

After massive networth erosion, Tata Tele seeks Rs 29,000-cr debt recast

Pressed more after the launch of Reliance Jio services, joins RCom in seeking a bailout from banks

Tata Sons to invest Rs 2,000 crore more in telecom arm

Funds will be raised via non-cumulative preference shares issued to Tata Sons on rights basis

More layoffs in telecom sector: Tata Teleservices fires 500-600 employees

The layoffs come at a time when the telecom industry has been witnessing an intense tariff war