As Reliance Communications (RCom) is struggling to sew up a deal with South African telecom major MTN, another Indian telecom service provider Tata Communications is all set to get a majority stake in South African telecom firm Neotel.
Neotel, South Africa's second fixed line operator, intends to re-finance the debt with a long-term facility after 12 months.
'The idea is to align the HR policies and work culture with changing times'.
Investors indulged in buying beaten down blue chips at lower and attractive levels.
Vinod Kumar, Tata Communication CEO has amazing business strategies to enhance topline.
Bankers say it's a question of survival for debt-heavy companies.
Mistry's strategy appears to be the opposite of the group's stance in the heady days of 2007
TCS still ace in the pack
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