So that is a company we are going to find a solution very quickly
close to impossible for us to recover.Tata will retain its stake in Viom and take care of associated liabilities. “Tata Teleservices.The merger will be carried out on a debt-free, cash-free basis..Bharti Airtel, which will be taking on Tata’s Rs 10,000 crore spectrum liability, said the merger will bolster its spectrum in 1800, 2100 850 MHz bands, all widely used for 4G.. We have evaluated multiple options and are pleased to have this agreement with Bharti,” said Tata Sons chairman, N Chandrasekaran.
So that is a company we are going to find a solution very quickly,” he had said.. The footprint we have and the spectrum we have is very difficult. Finding the right home for our longstanding customers and our employees has been the priority for us. “We believe todays agreement is the best and most optimal solution for the Tata Group and its stakeholders.“This is a significant development towards further consolidation in the Indian mobile industry and reinforces our commitment to lead India’s digital revolution by offering world-class and affordable telecom services through Wholesale speaker cable a robust technology and solid spectrum portfolio,” said Sunil Mittal, chairman of Bharti Airtel.
Mumbai: In a relief to Tata Group’s loss-making telecom business, Bharti Airtel will be absorbing Tata Tele’s Consumer Mobile Business’s (Tata CMB) operations across the country in 19 circles.is in a really bad shape.Experts concluded that this could herald a “larger strategic alliance” between the two companies, involving telecom, overseas cable and enterprise services, and direct-to-home TV businesses, reported the Economic Times. They have a huge debt.. Earlier in the week, Chandrasekaran had said that Tata Teleservices was in a really “bad shape” and in a debt of Rs 31,000 crore