Profit

Tatas to hive off tower biz

PUBLISHED ON: November 7, 2007 | Duration: 2 min, 57 sec

  
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Ratan Tata wants to unlock value in his telecom businesses and so Tata Teleservices (TTSL) has started to demerge its tower business.NDTV has learnt that TTSL wants to rope in strategic partners to run the business. Tata Tele wants to sell 26-51 per cent stake in its tower business but if it gets a good price it can exit completely.
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