Tata Communications denies stake sale plans

16 Oct 2008

According to Reuters, Indian wireline and broadband provider Tata Communications has denied reports that is planning to sell a stake in its retail broadband unit. Srinivasa Addepalli, senior vice president of corporate strategy, was quoted as saying, ‘There are no plans at this stage.’ The denial follows reports in March 2008 in which another company official claimed that the operator was considering the sale of a small stake. According to TeleGeography’s GlobalComms database, Tata Communications had 375,000 broadband subscribers at the end of June 2008, giving it a 7.2% market share, well behind market leader Bharat Sanchar Nigam Ltd (BSNL) with 38.5%.

India, Tata Communications,

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Browse

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share