Free Press Journal
  • Tata Tele board gives nod to raise Rs 20K cr

    The company didn’t specify the end use of the funds. The move comes close on the heels of the Tata Group announcing that the consumer mobile business of TTML and   Tata Teleservices will be taken over by Bharti Airtel

  • Airtel to acquire struggling Tata Tele on ‘no-debt, no-cash’ basis

    New Delhi : Bharti Airtel will acquire Tata Group’s loss-making mobile telephony business, almost for free, boosting its spectrum holding and raising subscriber base while saving the Tatas from the prospect of having to shut down the struggling unit. Airtel, for whom it will be the 7th acquisition in five years, will from November 1 take over 4 crore customers of Tata Teleservices Ltd (TTSL) and Tata Teleservices Maharashtra Ltd (TTML) in