Diversified Telecommunication Services
Company Overview of Tata Teleservices Limited
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
T. B. Kadam Marg
Founded in 1995
Key Executives for Tata Teleservices Limited
President of Business Improvement Group
President of Corporate Affairs
Compensation as of Fiscal Year 2014.
Tata Teleservices Limited Key Developments
MTN Is Reportedly Looking To Acquire Tata's Telecom Arms
Jul 30 14
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
Jul 22 14
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.
Tata Group May Buy DoCoMo’s Stake In Tata Teleservices
May 6 14
Tata Sons Limited (Tata Group) has set aside the funds required to buy back 26.5% share of NTT DOCOMO, Inc. (TSE:9437) (DoCoMo) in Tata Teleservices Limited as they are unlikely to find a third investor for the Tata Teleservices stake before the end of June 2014 at the price they are looking for, two people familiar with the matter said. DoCoMo's move last month to exit Tata Tele means Tata Group has to either buy the stake or find a buyer for it under their 2009 joint venture agreement. According to sources, Tata Group had been in talks with Vodafone India Limited, for a lock, stock and barrel sale of the unit. A person familiar with the matter said the DoCoMo exit could have been part of a broader strategy to enable Vodafone negotiate with just one seller, instead of two. Tata Tele and Vodafone didn't respond to emails seeking comment. "With this debt level and inadequate profit generation to service it, the company's equity value to a third party is very little," a banker exploring a deal with Tata Tele told Economic Times. Top executives at two potential acquirers of the company said they were interested but did not want to take on the INR 280 billion or so of Tata Tele's debt. Keeping that in mind, three analysts estimated Tata Teleservices' enterprise value between INR 297 billion and INR 322 billion. After taking out debt, its value based on their calculations stands between INR 17 billion and INR 42 billion. The Tata Group isn't expected to sell the business at that price, the two people said. That means, the group may hold the stake after buying it from DoCoMo until it gets a more acceptable price.
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