Page 4 - Tata Teleservices

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

Tata Teleservices in talks with ATC to exit Viom Networks for Rs 4K cr

Tata Tele's stake in Viom Networks came down to 26% after ATC acquired the majority stake in the company

Tata Teleservices to require Rs 2,000 cr by next financial year

Tata Sons has already invested close to Rs 4,500 cr in the past few years

Tata's telecom venture: A call that went wrong

Ratan Tata's decision to enter the all-new world of CDMA technology-based mobile telephony in 2003 while getting out of Idea Cellular

I was victim in Tata Tele deal: Sivasankaran

He was responding to reports that Tata group had issued Tata Teleservices shares to him at a discount and he had reneged on buying a part of NTT Docomo's stake

Tata Tele faces winner's curse with strong bid

Wins Mumbai, Maharashtra, Andhra circles for Rs 4,600 cr