Delay in Sell-off of Tata Teleservices’ Enterprise biz to Hit its Valuation

Tata Sons has been keen on selling Tata Teleservices’ enterprise business to Tata Communications, but this requires a go-ahead from the DoT as it owns 26 per cent stake in Tata Communications.

Almost eight months after N Chandrasekaran, chairman, Tata Sons, sealed a deal with Sunil Bharti Mittal’s Airtel for Tata Tele Services’ consumer mobile business and also took a strategic call to exit from its enterprise business, the pain is far from over. The fate of both – a formal closure of the deal with Bharti and sale of the enterprise business is tied to approvals from Department of Telecommunications (DoT). – Business Standard