Tata Teleservices
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
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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.
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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.
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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.
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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.
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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.
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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.
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