Tata Teleservices

Not to be confused with Tata Communications.

Tata Tele Business Services Limited (TTBSL), formally known as Tata Tele Services Limited (TTSL), is an Indian broadband, telecommunications and cloud service provider based in Mumbai. It is a subsidiary of the Tata Group, an Indian conglomerate. It operated fixed line services under the brand name Tata Tele Broadband in various telecom circles of India. Tata Teleservices used to provide mobile services under Tata DoCoMo (GSM mobile operator, wireless broadband).

Tata Teleservices Limited

Type	Public
Traded as	NSE: TTML BSE: 532371
ISIN	INE517B01013
Industry	Telecommunication and Internet
Founded	1996
Founder	Tata Sons
Headquarters	Mumbai, Maharashtra, India
Area served	India
Key people	Ratan Tata (Interim Chairman)^[1] Srinath Narasimhan (MD & CEO)
Products	Fixed-line telephone Fixed-line internet Broadband Internet services Digital television Network services
Revenue	₹2,798.64 crore (US$350 million) (2022)^[2]
Net income	₹−1,932.62 crore (US$−240 million) (2022) ^[2]
Total assets	₹4,685.02 crore (US$590 million) (2022) ^[2]
Members	45 million ^[3] (2017)
Parent	Tata Group
Divisions	Landline Broadband Television
Website	Tele Business Broadband

In August 2017, Tata Teleservices sought to exit mobile network division due to large losses and debt, then sold its unit to Bharti Airtel in a debt free and cash-free deal and described as virtually free; Airtel will only pay a part of Tata Teleservices's unpaid spectrum payment liability.^[4][5][6] In November 2017, Tata Teleservices customers transitioned to the Airtel mobile network under an Intra Circle Roaming (ICR) arrangement. SIM cards and billing plans remained the same.^[7] The consumer mobile businesses of Tata Docomo, Tata Teleservices (TTSL) and Tata Teleservices Maharashtra Limited (TTML) have been merged into Bharti Airtel from 1 July 2019.^[8][9][10]

The Key Managerial Personnel (KMP) at Tata Teleservices (Maharashtra) Limited India are Kush Swatantra Bhatnagar as Cfo(Kmp), Harjit Singh as Manager and Vrushali Neelesh Dhamnaskar as Company Secretary. Narendra Damodar Jadhav, Thambiah Elango, Ramanathan Kumar and 3 other members are presently associated as directors.^[11]

History

In February 2008, TTSL announced that it would provide CDMA mobile services targeted towards the youth, in association with the Virgin Group on a franchisee model basis.

In November 2008, Japanese telecom giant NTT Docomo picked up a 26 per cent equity stake in Tata Indicom, a subsidiary of Tata Teleservices, for about ₹130.7 billion (US$1.6 billion) or an enterprise value of ₹502.69 billion (US$6.3 billion).^[12]

NTT DoCoMo announced on 25 April 2014 that they would sell 100% of their shares in Tata Indicom to Tata Teleservices and exit Indian market. The company had reported a loss of $780 million during financial year ending 31 March 2014.^[13]

By 1 April 2015, all Virgin Mobile CDMA & GSM customers have been migrated into the umbrella Tata Indicom brand (Tata Indicom for Mumbai NCR).

On 9 October 2017 Tata Teleservices announced it is preparing an exit plan for most of its 5,000-odd employees, which includes a notice of three to six months, severance packages for those willing to leave earlier, a voluntary retirement scheme (VRS) for elders, while transferring only a small part of its employees to other group companies.^[14]

On 12 October 2017, Bharti Airtel announced that it would acquire the consumer mobile businesses of Tata Teleservices Ltd (TTSL) and Tata Teleservices Maharastra Ltd (TTML) in a debt-free cash-free deal. The deal will essentially be free for Airtel which will only incur TTSL's unpaid spectrum payment liability. TTSL will continue to operate its enterprise, fixed line and broadband businesses and its stake in tower company Viom Networks.^[15][16][17] The deal received approval from the Competition Commission of India (CCI) in mid-November 2017.^[18][19] On 29 August 2018, Bharti Airtel, got its shareholders approval for the merger proposal with Tata Teleservices.^[20]

On 17 January 2019 NCLT Delhi gave final approval merger between Tata Docomo and Airtel.^[21] Department of Telecom (DoT), and Competition Commission of India (CCI) gave green signals for merger deal between Bharti Airtel and Tata Teleservices.^[22] The consumer mobile businesses of Tata Docomo, Tata Teleservices (TTSL) and Tata Teleservices Maharashtra Limited (TTML) have been merged into Bharti Airtel from 1 July 2019.^[23]

See also

•  Companies portal

• Mobile phone companies of India
• VSNL

References

1. "Ratan Tata named the Interim Chairman after the Board votes out Cyrus Mistry". Tata Group. Retrieved 24 October 2016.
2. ">> Company Info >> Print Financials" (PDF). Tata Teleservices. Retrieved 28 June 2012.
3. "Tata Tele Growth". Economic Times. 23 November 2016. Retrieved 30 November 2016.
4. "Tatas exit mobile biz, merge loss-making unit with Airtel". Pankaj Doval and Reeba Zachariah. Times of India. 13 October 2017. Retrieved 13 October 2017.
5. "Tata Teleservices to sell its wireless mobile business to Bharti Airtel". Arijit Barman, Romit Guha. The Economic Times. 13 October 2017. Retrieved 13 October 2017.
6. "Bharti Airtel gets Tata Teleservices' mobile unit for nothing: All you need to know about the deal". Firstpost. 13 October 2017. Retrieved 13 October 2017.
7. "Tata Teleservices mobile customers transition to Airtel". Airtel. 22 November 2017. Retrieved 1 July 2019.
8. "Airtel Completes Merger of Tata". Livemint. 1 July 2019. Retrieved 4 July 2019.
9. "Airtel's Tata merger deal". Business Line. 1 July 2019. Retrieved 3 July 2019.
10. "DoT approved deal of Tata and Bharti Airtel". Economic Times. 11 April 2019. Retrieved 5 May 2019.
11. "Tata Teleservices (Maharashtra) Limited - Company Details". Thecompanycheck.com. Retrieved 24 March 2022.{{cite web}}: CS1 maint: url-status (link)
12. "NTT DoCoMo buys 26% in Tata Tele for $2.7 bn". Business-standard.com. Retrieved 16 July 2010.
13. Docomo Exit
14. Sengupta, Devina (9 October 2017). "Tata Teleservices prepares exit plan for staff". The Economic Times. Retrieved 9 October 2017.
15. "Bharti Airtel to acquire Tata's mobile business on debt-free cash-free basis". www.businesstoday.in. Retrieved 18 November 2017.
16. "Tata and Bharti to combine consumer telecom business via @tatacompanies". tata.com. Retrieved 18 November 2017.
17. Kurup, Rajesh (12 October 2017). "Tata Tele hangs up on mobile business; Airtel picks it up". The Hindu Business Line. Retrieved 18 November 2017.
18. "Bharti Airtel-Tata Tele Merger Deal Gets CCI Approval". News18. Retrieved 18 November 2017.
19. "Airtel receives CCI nod for Tata Tele's consumer business buy – ET Telecom". ETTelecom.com. Retrieved 18 November 2017.
20. "Bharti Airtel shareholders approve merger proposal with Tata Teleservices". Economic Times. 29 August 2018. Retrieved 18 September 2018.
21. "NCLT approves merger of Tata Teleservices with Bharti Airtel". Economic Times. 21 January 2019. Retrieved 12 February 2019.
22. "DoT approved deal of Tata and Bharti Airtel". Economic Times. 11 April 2019. Retrieved 5 May 2019.
23. "Airtel Completes Merger of Tata". Livemint. 1 July 2019. Retrieved 4 July 2019.