Tata Teleservices Limited is an Indian broadband and telecommunications service provider based in Mumbai, Maharashtra, India. It is a subsidiary of the Tata Group, an Indian conglomerate company. It operated fixedline services under the brand name Tata Tele Broadband in various telecom circles of India. On August 2017, Tata Teleservices sought to exit mobile network division due to heavy losses and debt and sell its unit to Bharti Airtel in a debt free and cash-free deal and described as virtually free and Airtel will only pay a part of Tata Teleservices's unpaid spectrum payment liability. In November 2017, Tata Teleservices customers transitioned to the Airtel mobile network under an Intra Circle Roaming arrangement. SIM cards and billing plans remained the same. The consumer mobile businesses of Tata Docomo, Tata Teleservices and Tata Teleservices Maharashtra Limited have been merged into Bharti Airtel from 1 July 2019.
History
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 or an enterprise value of. NTT DOCOMO announced on 25 April 2014 that they are going to sell 100% of their shares in Tata Indicom to Tata Teleservices and exit Indian Telecom. The reason for exit is because of huge loss of $1.3 billion. 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. By 1 April 2015, all Virgin Mobile CDMA & GSM customers have been migrated into the umbrella Tata Indicom brand. Tata Teleservices used to provide mobile services under Tata DoCoMo . 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 for elders, while transferring only a small part of its employees to other group companies.
announced on 25 April 2014 that they are going to sell 100% of their shares in Tata Indicom to Tata Teleservices and exit Indian Telecom. The reason for exit is because of huge loss of $780 million during financial year ending 31 March 2014
Consumer Mobile Business Sale to Bharti Airtel
On 12 October 2017, Bharti Airtel announced that it would acquire the consumer mobile businesses of Tata Teleservices Ltd and Tata Teleservices Maharastra Ltd 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. The deal received approval from the Competition Commission of India in mid-November 2017. On 29 August 2018, Bharti Airtel, got its shareholders approval for the merger proposal with Tata Teleservices. On 17 January 2019 NCLT Delhi gave final approval merger between Tata Docomo and Airtel. Department of Telecom, and Competition Commission of India gave green signals for merger deal between Bharti Airtel and Tata Teleservices. The consumer mobile businesses of Tata Docomo, Tata Teleservices and Tata Teleservices Maharashtra Limited have been merged into Bharti Airtel from 1 July 2019.
