Tata Sons Ltd, the holding company of the $150 billion Tata group, may be forced to infuse fresh capital into its loss-making telecom arm, Tata Teleservices Ltd (TTSL). This is because TTSL has to pay Rs 19,256 crore adjusted gross revenue (AGR) along with other dues to the central government by March 2026.
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Chennai-based broadband Internet services provider DishnetDSL Ltd has signed an agreement with Tata Teleservices Ltd, whereby the ISP will offer broadband Internet connectivity using the Tata group company's existing infrastructure.
Ending a month-long stalemate over interconnectivity, Telecom Regulatory Authority of India on Thursday directed Bharti to allow its network for the calls originating from Tata Teleservices' wireless in loop-based limited mobile services.
Rajan's last day at Tata Sons, where he has worked since the 1990s, will be March 31.
Docomo is looking to expand its reach beyond Japan and sees India and Africa as key emerging markets.
TTSL is now behind only Bharti Airtel, Reliance Communications and Vodafone, the company said in a statement.
Jio is in a neck and neck battle with Airtel, which added a similar number of subscribers as Jio in the 15 months from February 2017 to April 2018
The department had initiated proceedings against Vodafone and TTSL in 2011 on the ground that the companies had allegedly failed to deduct tax deducted at source (TDS) for those assessment years.
Tata's Vistara has a very strong core team to look into daily operations.
DoCoMo said it is uncertain whether Tata Sons will pay the awarded damages.
In March this year, DoCoMo completed acquisition of 26 per cent in TTSL, in accordance with the agreement announced by the parties last November, for Rs 12,740 crore (Rs 127.4 billion). TTSL, which is predominantly a CDMA player, acquired GSM licence last year under the government's policy where an operator can launch both GSM and CDMA services under a single licence.
Tata Group had hinted at combining its enterprise business with Tata Communications and its fixed-line and broadband businesses with Tata Sky.
The issue will now have to be resolved through arbitration.
Tata group's telecom company TTSL on Monday charged BSNL with delaying the signing of agreement for interconnection under the unified access service license.
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TATA Tele services Limited, a leading telecom service provider, said on Wednesday that it would launch its services in over 25 centres in Tamil Nadu soon and cover the entire state.
Telecom operator Vodafone has been the top gainer of customers through mobile number portability facility while Reliance Communications is the biggest loser.
The shrinkage of MTS operations has helped Tata Tele's wireless net service brand to gain traction.
The Cellular Operators Association of India, industry body representing GSM operators, had argued that TTSL's spectrum was allotted through the same press release issued on January 10, 2008, which led to the cancellation of 122 licences.
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In these two cities, TTSL has 5 MHz of spectrum but will surrender only 1.25 MHzy. Company executives say 3.75 MHz in these two high data usage markets will be adequate to ensure services like Tata Photon Max, the bulk of whose revenues come from these two cities, are not impacted.
Tata Teleservices Ltd has decided to pull out of the upcoming 2G spectrum auction, leaving no takers for spectrum in the CDMA 800-MHz band. This will deprive the government of around Rs 18,300 crore.
Firm makes Rs 4,858-crore loss on Rs 10,799-crore income.
The attack reflects the open schism in the association, in which TTSL is a new member with other Unified Access Service Licence holders such as Loop Telecom , Etilasat DB, Uninor and STel. The older, established, operators are represented by Bharti, Vodafone Essar and Idea Cellular.
The top three fixed line players Bharat Sanchar Nigam Limited, Mahanagar Telephone Nigam Limited and Bharti Airtel reported a revenue decline.
Tata Teleservices said on Monday that it is unfair and incorrect to compare the company with dual technology operators like RCom and others as they had applied and got the approval even before the policy came into effect.
Tata Teleservices on Wednesday joined state-owned BSNL for sharing infrastructure across the nation, in a first such partnership that would help the private firm expand its GSM network expeditiously.
Telecom major Tata Teleservices said it will offer comic books on mobile handsets to Tata DOCOMO subscribers.
Amul, non-government organisations reach out to buyers through the virtual world, which is free.
The new Silver data plan provides customers with unlimited data for accessing up to 10 supported e-mail accounts, plus an optional BlackBerry email address, and popular instant messaging (IM) services at the low monthly rate of just Rs 299, TTSL said.
Tata Teleservices has accused Trai of favouring the GSM players in spectrum allocation.
Funds will be raised via non-cumulative preference shares issued to Tata Sons on rights basis
The company plans to leverage its tie-up with NTT DoComo to offer many value-added services.
"We will start our GSM services soon. We have got spectrum in 13 circles in one or two months. We expect to get spectrum in all the circles barring one or two," TTSL managing director Anil Sardana said. RCom has launched GSM services in 11,000 towns, which would be extended to 22,000 towns in the next few months.
TTSL-Virgin customers can now call any number, mobile or landline, across networks at only 50 paise per minute after the initial three minutes of the day. The first three minutes of a STD call each day would cost Rs 1.50 paise per minute while for rest of the day the long distance tariff would drop to just 50 paise per minute for maximum up to 30 minutes.
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