Tata Teleservices on Wednesday announced outsourcing of its entire IT infrastructure management to group company Tata Consultancy Services, a deal estimated at over Rs 1,000 crore (Rs10 billion) over five years.
A slow starter, the telecom company is way behind its peers and needs to scale up fast to become a profitable operation.
The company will charge around Rs 100 per month for its services, the lowest in the country for browsing the Net over mobile phones, compared with the existing tariffs of around Rs 500 per month charged by other service providers.
In line with its target to ramp up its subscriber base to 8 to 10 million in the next fiscal and provide better customer care service, Tata Teleservices has inducted three key management personnel from the Tata Group and one from Telstra, Australia,
The Delhi High court on Monday directed Tata Teleservices to pay within four weeks 50 per cent of the demand of Rs 95 lakh raised by BSNL for interconnectivity on limited mobile service brand 'Walky'.
Tata Teleservices Ltd plans to make a total investment of Rs 10,000 crore (Rs 100 billion) over a five-year period ending in 2007, a top executive of the company said on Monday.
Nasdaq-listed wireless and broadband equipment major UTStarcom has announced its agreement with Tata Teleservices for supplying 56,000 lines of AN-200 platform to the largest private basic service operator in India.
Vodafone Idea on Monday paid Rs 2,500 crore to DoT and promised to pay another Rs 1,000 crore before the end of the week.
RCom and Aircel have permits for 3G services in 13 out of 22 service areas while Tata Teleservices has permit in 9 circles.
The deal between Bharti group and Tata Teleservices is yet another example of how swiftly things can change in business.
Mukesh Ambani's Jio, high debt and some bad decisions drove RCom to its grave.
Department of Telecom had sought the legal opinion of the matter from the government's counsel.
A consummate deal-maker, the former Aircel boss raked in the moolah in many, but lost a packet in several others.
Terms reveal that such premature redemption is allowable on dividend reset dates in case there is no agreement on the dividend rate
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