Vodafone is reportedly in talks with the Tata Group to buy its controlling stake in Tata Teleservices to create India’s largest telecom by subscribers.
If the transaction happens, the Vodafone-Tata Teleservices combine, as per November 2013 numbers, will become the country’s No. 1 player in terms of subscribers with 248 million customers, overtaking Airtel’s 196 million users.
Tata Teleservices provides CDMA based telephony services in 17 circles and GSM-based mobile telephony in 16 circles, excluding Mumbai and Maharashtra, where its associate listed company Tata Teleservices (Maharashtra) is the operator.
