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Tata Communications explores acquisition of TTSL’s enterprise business

October 13, 2017

Tata Communications is learnt to be in talks to buy the enterprise arm of Tata Teleservices Limited (TTSL) and its listed entity Tata Teleservices (Maharashtra) Limited. To this end, the company’s board has appointed independent advisors to evaluate the strategic fit of TTSL's enterprise business into its operations.

According to the Tata Group, the acquisition of the enterprise arm of TTSL would be a good fit for Tata Communications and will help further strengthen Tata Communications’s leadership position in the segment.

TTSL has announced plans to sell its wireless mobile business to Bharti Airtel. The business, along with TTSL’s around 40 million customers will be transferred on a cash free, debt-free basis to Bharti Airtel.

 
 

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