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Tata Teleservices News
DoT approves Bharti Airtel, Tata Teleservices merger
Fri, Feb 07, 2020
Tata Teleservices on Thursday said the Department of Telecom (DoT) has approved the merger of its consumer mobile business with Bharti Airtel. Tata Teleservices listed arm said in a regulatory filing said the DoT through its letter dated February 6, 2020 has conveyed approval of the competent authority in DoT for taking on record demerger of consumer mobile business undertaking of the company
Tata Sons writes off entire investment of Rs 28,651 cr in Tata Teleservices
Tue, Oct 23, 2018
Tata Sons is in the process of transferring the consumer mobile business of Tata Teleservices to Bharti Airtel and hiving off the enterprise segment to merge with the group's networking arm Tata Communications.
Aircel files for bankruptcy, American Tower suffers $140 mn hit
Thu, May 03, 2018
American Tower Corporation (ATC) has revealed a big hit to its books due to its tenant mobile operator Aircel, which has filed for bankruptcy protection. The NYSE-listed firm, after performing an impairment test, has reduced the value of assets listed on its books by as much as $140 million (Rs 933 crore) due to Aircel.
AGR definition sub-judice: Tata Tele on CAG report
Sat, Dec 23, 2017
Tata Teleservices (Maharashtra) Ltd today said the definition of adjusted gross revenue on which licence fees and other charges are paid to the government is sub-judice and the recent CAG report on under payment is based on its own interpretation.
Reliance Jio, Tata Teleservices, others understate revenue by Rs 14,000 crore, says CAG
Wed, Dec 20, 2017
Tata Teleservices, Telenor, Videocon and Reliance Jio are among five telecom firms which have understated revenues by over Rs 14,800 crore, resulting in a short fall of nearly Rs 2,578 crore to the exchequer, government auditor CAG said today.
Now Tata Teleservices customers will start enjoying services on Airtel's network
Thu, Nov 23, 2017
Transition of subscribers will be done in a phased manger. The company said that the first batch of the transition is being effected in UP (West), Bihar, and West Bengal.
TRAI recommends increasing overall spectrum cap to 35%
Tue, Nov 21, 2017
TRAI has released recommendations on spectrum holding cap by operators. In light of the on-going consolidation in the industry, the regulatory body has recommended increase in the cap.
Tata Teleservices Maharashtra to raise up to Rs 20,000 crore
Sat, Oct 14, 2017
Tata Teleservices (Maharashtra) Ltd (TTML) today said its board will meet on October 18 to consider a proposal for raising up to Rs 20,000 through issue of preference shares to promoters or via bonds.
Bharti Airtel–Tata deal part of consolidation in telcos after RJio's entry: Fitch
Fri, Oct 13, 2017
Merging is being done on a debt-free cash-free basis, except for Bharti Airtel assuming a small portion of the unpaid spectrum liability of Tata’s towards the DoT, which is to be paid on deferred basis.
Bharti Airtel goes in for big with Tata's deal; shares gain nearly 9%
Fri, Oct 13, 2017
Airtel surged after its Tata Groups deal so much so that - the company has now provided nearly 15% return in just one week. Analysts are quite optimistic of about the deal.
Bharti Airtel buys Tata's consumer mobile business
Thu, Oct 12, 2017
Proposed merger will transfer of all the customers and assets of Tata CMB to Bharti Airtel, further augmenting Bharti Airtel’s overall customer base and network.
Tata Teleservices may shut down soon: A guide to use MNP to port your number
Tue, Oct 10, 2017
Tata Teleservices is reportedly in the process of shutting down its business. So what’s next for its subscribers?
Bharti Airtel, Tata Communications stocks rise on talks of merger
Fri, Jul 07, 2017
Bharti Airtel and Tata Group have held exploratory talks to merge its telecom, overseas cable and enterprise services and direct-to-home businesses.
Telecom sector debt levels to reach Rs 4.8 lakh crore in FY18
Mon, Jul 03, 2017
The telecom sector debt crisis is expected to widen in FY18 on the back of negative cash flows and weaker earnings.
After Reliance Communications, Tata Teleservices seeks debt recast from lenders
Sat, Jun 24, 2017
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.
Govt policy should allow telcos to cover costs: Idea
Fri, Jun 16, 2017
Speaking to reporters after its meeting, a top Idea official said: "Government has choice of any policy...But it should cover costs. All policy framework everywhere says that cost of network should be recovered."
IT Job Market: Nearly 2 lakh jobs at stake at Infosys, Cognizant, others as cos step-up American hiring
Sat, May 13, 2017
According to the news report, nearly two lakh jobs are at stake, with big-ticket companies like Infosys, Cognizant, Wipro, Tech Mahindra, others as they looking to hand over pink slips to incumbent employees and hire fewer talent.
Tata-DoCoMo truce may leave Japanese firm with $790 million to invest in India - source
Fri, Mar 03, 2017
While Tata Sons will pay the fair value of DoCoMo`s 26 percent stake outside India, or roughly $390 million according to Reuters calculations, DoCoMo would need to invest the balance of $790 million in India, either for expansion or other joint ventures, the source added.
Tata Sons, Docomo may go for out-of-court settlement in $1.17 billion dispute
Mon, Feb 27, 2017
Both companies are keen to resolve dispute quickly, may jointly take the matter to RBI.
Tata Tele likely to join hands with Rcom-Aircel and MTS, says report
Mon, Feb 20, 2017
Since Jio's entry in September last year, the telecom operators are finding difficult to maintain their market share and churn profits.