Can Tata buy Vodafone idea?
The government is set to own 35.8 per cent in Vodafone Idea and 9.5 per cent in Tata Teleservices (Maharashtra) after the two telecom operators decided to offer equity stake against their dues related to spectrum auction instalments and AGR payments.
What will happen to Tata Teleservices share?
Tata Teleservices (Maharashtra) on 11 January 2022 said it will opt for conversion of the interest amount on adjusted gross revenue (AGR) dues into equity. Following conversion, it is expected that the government will hold approximately 9.5% of the total outstanding shares of TTML.
Is it good to invest in Tata Teleservices?
Tata Teleservices Maharashtra (TTML), a Tata Group firm that posted consistent losses in the past years, has become the hottest stock in town. Analysts said retail investors should exercise caution on buying the stock. The stock has moved from ₹2.25 two years ago to ₹290.15 on Tuesday.
Why Tata Tele share is falling?
In the last one week, TTML shares has tumbled as much as 22.6% after the company on January 11 approved the conversion of interest payable on its deferred adjusted gross revenue (AGR) dues into equity. 9.5% of the total outstanding shares of the company,” TTML said in a filing to the BSE.
Is Tata Teleservices a Tata company?
Tata Tele Business Services Limited (TTBSL), formally known as Tata Tele Services Limited (TTSL), is an Indian broadband, telecommunications and cloud service provider based in Mumbai. It is a subsidiary of the Tata Group, an Indian conglomerate.
Why did Tata Teleservices fail?
CDMA companies, including Tata Tele, fell short of marketing the technology and went for bottom-of-pyramid subscribers. “They (Tatas) chose a costlier and better optimised technology and made it a poor man’s technology in India. So they had to pay out bigger subsidies, leading to poor financials.
Is TTML a Tata company?
Tata Tele Business Services Limited (TTBSL), formally known as Tata Tele Services Limited (TTSL), is an Indian broadband, telecommunications and cloud service provider based in Mumbai….Tata Teleservices.
| Type | Public |
|---|---|
| Traded as | NSE: TTML BSE: 532371 |
| ISIN | INE517B01013 |
| Industry | Telecommunication and Internet |
| Founded | 1996 |
Will Tata come back in telecom?
As of 21 July 2019, all Tata Docomo users are merged with Airtel network and provided with all the Airtel services. The consumer mobile businesses of Tata Docomo, Tata Teleservices (TTSL) and Tata Teleservices Maharashtra Limited (TTML) have been merged into Bharti Airtel from 1 July 2019.
Is Tata Teleservices and Tata Communications same?
Tata Sons had written off its investment of Rs 28,600 crore in Tata Teleservices in 2020. The consumer mobile business was transferred to Bharti Airtel but the enterprise segment was not merged with Tata Communications. The company is being rebranded now to tap the SME sector.