March 01, 2015 8:37 PM ET

Diversified Telecommunication Services

Company Overview of Tata Teleservices Limited

Company Overview

Tata Teleservices Limited offers telecommunications services for business and residential customers in India. It offers fixed and mobile telephony services; media and entertainment services, such as satellite TV; data services that include leased lines, managed data networks, IP/MPLS VPN, dial-up Internet, Wi-Fi, and broadband; and mobile and broadband content/applications, calling cards, net telephony, and managed services. The company also provides infrastructure services that include submarine cable bandwidth, terrestrial fiber network, and satellite earth stations and VSAT connectivity; and GSM and CDMA telecom services, 3G services, wireless desktop phones, public booth telephony, and w...

A, E & F Blocks

Voltas Premises

T. B. Kadam Marg

Chinchpokali

Mumbai,  400033

India

Founded in 1995

Phone:

91 22 6667 1414

Fax:

91 22 6660 5335

Key Executives for Tata Teleservices Limited

Managing Director and Director
Age: 52
Chief Financial Officer
Age: 53
Chief Operating Officer
Age: 46
President of Business Improvement Group
Age: 57
President of Corporate Affairs
Age: 66
Compensation as of Fiscal Year 2014.

Tata Teleservices Limited Key Developments

Tata Wins RBI Approval To Buy DOCOMO Stake

Tata Sons Limited received the approval from Reserve Bank of India (RBI) to buy 26% stake of NTT DOCOMO, Inc. (TSE:9437) in Tata Teleservices Limited.

MTN Is Reportedly Looking To Acquire Tata's Telecom Arms

MTN Group Limited (JSE:MTN) is looking to foray into the Indian market again, this time by acquiring Tata Teleservices Limited (TTSL) and Tata Teleservices (Maharashtra) Limited (BSE:532371) (TML), sources with knowledge of the discussion said. “It is too early to comment on the level of discussions, since only preliminary talks have been held,” they added. When contacted, a Tata Sons spokesperson said, “We do not comment on such speculation”, Hindustan Times (HT) reported. “MTN continues to look for value-enhancing opportunities, including merger and acquisition, as part of its long-term growth strategy. However, we don’t comment on market speculation,” Paul Norman, Chief HR and Corporate Affairs Officer, said in an emailed response to HT.

Axiata, Carlyle, Providence and ATC Reportedly Shortlisted As Potential Bidders For Viom Networks

Axiata Group Berhad (KLSE:AXIATA), Providence Equity Partners LLC, The Carlyle Group LP (NasdaqGS:CG) and American Tower Corporation (NYSE:AMT) have been reportedly short-listed as potential stake buyers in Tata Teleservices Limited-controlled Viom Networks Limited, which could lead to a change in ownership at Viom. "Negotiations are at a fairly advanced stage," one of the people said. Citigroup and Credit Suisse are the bankers to the deal. "All possible ways of diluting stake were on...We are hopeful that things will materialize by August," Sunil Kanoria, Director at Viom Networks and a joint owner of Viom through SREI Infrastructure Finance Limited (BSE:523756), told Economic Times, without commenting on the names of the short-listed companies. "Tatas and Srei will dilute their holding depending on the final valuation and Tatas could easily bring their ownership down to 30%," a second person said. TTSL could use the funds to pare part of its debt.

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