Shutting down of a Tata group company with Rs 3000 crore annual sales is unimaginable...May be it was the last option of Ratan Tata...But with intense competition in the Telecom space and with exit of its main technology partner NTT DoCoMo in 2014 on account of huge losses there was hardly any alternative possible...
[h=1]Tata Teleservices likely to shut down this month[/h] [h=2]Even subscribers are being informally told to migrate to other service providers through MNP[/h] Nivedita Mookerji | New Delhi Last Updated at October 3, 2017
The Tata group is preparing to shut down a large part of its telecom business and an announcement is likely later this month, according to industry sources. Senior executives at Mumbai-based Tata Teleservices, which operates wireless, wireline and broadband services, have already been told of the possible closure, it is learnt. Even subscribers are being informally told to migrate to other service providers through MNP (mobile number portability). A closure, the first under Tata Sons Chairman N Chandrasekaran, is being seen as part of a consolidation in the telecom sector
http://www.business-standard.com/ar...y-to-shut-down-this-month-117100200957_1.html
[h=1]Tata Teleservices likely to shut down this month[/h] [h=2]Even subscribers are being informally told to migrate to other service providers through MNP[/h] Nivedita Mookerji | New Delhi Last Updated at October 3, 2017
The Tata group is preparing to shut down a large part of its telecom business and an announcement is likely later this month, according to industry sources. Senior executives at Mumbai-based Tata Teleservices, which operates wireless, wireline and broadband services, have already been told of the possible closure, it is learnt. Even subscribers are being informally told to migrate to other service providers through MNP (mobile number portability). A closure, the first under Tata Sons Chairman N Chandrasekaran, is being seen as part of a consolidation in the telecom sector
http://www.business-standard.com/ar...y-to-shut-down-this-month-117100200957_1.html
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