Tata Tele Time? The eternal bridesmaid of the Indian telecom sector, Tata Teleservices is scripting a leading role for itself. With the sector's 800-pound gorilla Reliance Infocomm on a low, its timing couldn't be better.
Business Today, May, 2005 by Sahad P.V.
On April 11, Ratan Tata stepped down as the Chairman of Videsh Sanchar Nigam Limited (VSNL), an erstwhile public sector undertaking that the Tata Group had taken control of in 2002. The reason proffered was that Tata would need more time to look after the group's "expanding activities in India and overseas", and his additional responsibilities "in connection with the Investment Commission", a government-created body of which he is the Chairman. The real reason is hidden in a rider that goes: "He would continue to be involved with the co-ordination and integration of the Tata Group's strategies and activities in the telecom space."
The message between the lines: Tata will now try and push the group's foray in the telecom business, trying to integrate its various offerings into...
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