MoneyWorks4Me

Vodafone in talks to buy controlling stake in Tata Teleservices: Report

03 Jan 2014 Evaluate

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.

Peers
Company Name CMP
Bharti Airtel 1741.00
Vodafone Idea 12.65
Indus Towers 376.00
Tata Communications 1685.50
Railtel Corp. India 257.20
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