Thursday, 08 December 2016

Tata Group may exit telecoms industry

By Nick Wood, Total Telecom
Friday 31 January 14

Indian conglomerate reportedly in talks to sell Tata Communications, Tata Teleservices to Vodafone.

Just weeks after Vodafone was reported to be preparing a takeover bid for rival Indian operator Tata Teleservices, the U.K.-based mobile giant has been named as a potential buyer of Tata Communications too. According to an Economic Times report this week, Tata Group chairman Cyrus Mistry is looking to exit the telecoms industry altogether…

Just weeks after Vodafone was reported to be preparing a takeover bid for rival Indian operator Tata Teleservices, the U.K.-based mobile giant has been named as a potential buyer of Tata Communications too. According to an Economic Times report this week, Tata Group chairman Cyrus Mistry is looking to exit the telecoms industry altogether…

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