TITLE

TTSL Plans to Sell 15-30% Stake to Raise $1Bn

PUB. DATE
April 2008
SOURCE
EmergingMarketsNOW;4/17/2008, p6
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the plan of Tata Teleservices, an Indian code division multiple access (CDMA) player, to sell 15-30 percent stake to private equity player to raise $1 billion. The company will utilize the capital for expanding the coverage of its CDMA and Global System for Mobile communications (GSM) services. The company has 25 million CDMA subscribers and offers CDMA services in 20 telecommunications circles across India.
ACCESSION #
31721162

 

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