TTML tower business deal

Tata Teleservices Maharashtra Limited(TTML) plans to divest 49% of its tower arm Wireless Tata Telecom Infrastructure within the next two months, reports Business Line.
The company has short listed 15 bidders which includes tower company GTL. Tata Teleservices has over 10,000 towers, while Tata Teleservices (Maharashtra) has 3,500 towers. The deal is expected to be of around US$ 6 billion.
Recently Tata Teleservices received license to provide GSM services in nineteen circles from the Department of Telecommunications (DoT) under the crossover technology policy.Tata Teleservices becomes the second company after Reliance Communications to get permission for operating GSM services under the crossover technology policy.
Shares of Tata Teleservices (Maharashtra) declined Rs 2.8, or 8.26%, to settle at Rs 31.1. The total volume of shares traded was 8,800,630 at the BSE. (Friday, mar 7,2008)

2 comments:

Unknown said...

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Unknown said...

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Its like NSE and BSE
both are running out of volumes due to weak stock market trend from the beginning of 2008. We have seen new highs of Nifty and Sensex in the past and now they are trading on lower sides which is hampering the confidence of traders and investors. Fall in BSE
and NSE
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Think twice thrice before investing blindly without backed by technical and fundamental research.

Have a Nice trading days ahead.



Regards


SHARETIPSINFO TEAM

+91 9891655316
+91 9899056796
+91 9891890425