Tata Teleservices

Tata Teleservices

Tata Tele connects 3.3 mn mobile users in November

Tata Teleservices, India's sixth-largest mobile operator, said it signed 3.3 million users in November, leading industry additions for the fourth straight month and taking its customer base to 54 million.
Tata Tele, in which Japan's NTT DOCOMO owns a 26 percent stake, was the first mobile operator to introduce per-second billing and unlimited calls for a fixed price, which has helped it add about 15 million users in the last four months.
Top mobile operator Bharti Airtel added 2.8 million mobile users in November to have a total of 116 million.

In today’s trade Tata Tele closed at Rs26.35 up by 1.35% with a volume of 467122 shares on the BSE.

Tata DoCoMo to unveil GSM services by month-end

Tata Teleservices said that it would launch mobile services on the popular GSM platform by end-June under the Tata DoCoMo brand. Tata Teleservices, in which Japan’s NTT DoCoMo has a 26% stake, has already invested close to US$2bn to roll out a pan-India GSM network. The CDMA operator said it plans to launch commercial services on the GSM platform in a phased manner, starting with South India, followed by western and northern regions. "We expect to complete our pan-India rollout by the end of this year," Tata Teleservices’ president for GSM operations Deepak Gulati said. Currently, TTSL is India’s sixth-largest mobile operator with 35.7 million subscribers as of end-April on the CDMA platform. Close to 70% of the country’s 403-million mobile subscribers use the GSM platform.

Tata Teleservices

Tata Teleservices

NTT DoCoMo buys 26% in Tata Tele

NTT DoCoMo, Tata Teleservices Ltd (TTSL) and Tata Sons Ltd. announced their agreement on a strategic alliance in India, under which DoCoMo will acquire 26% of TTSL's common shares for around Rs130.7bn. In addition, DoCoMo, in accordance with Indian capital market regulations announced an open offer to acquire up to 20% of the outstanding common shares of Tata Teleservices (Maharashtra) Ltd. (TTML), a TTSL company, through a joint tender offer with Tata Sons. The offer was made at Rs24.70 per share as against Wednesday's closing price of around Rs17.99. TTSL's subscriber base currently exceeds 30mn (including TTML subscribers). TTML shares rose by 26% on the week to end at Rs20.19.

Tata Teleservices

Tata Teleservices

Tata Teleservices, Spice Communications

Tata Teleservices, Spice Communications

Citigroup - Tata Teleservices

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