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Tata Comm eyes enterprise biz of TTSL

DNMUM398589 | 10/13/2017 | Author : DNA Money Correspondent | WC :110



New Delhi: Tata Communications on Thursday said it will explore the possibility of acquiring the enterprise business of Tata Teleservices, another Tata group firm.
“Tata Communications proposes to engage in exploratory discussions with TTSL and TTML regarding the potential acquisition of its enterprise business,” Tata Communications told BSE. The Board met on Thursday and has instructed the management to appoint independent advisors to “evaluate the strategic fit as well as the financial merits of the potential transaction”.
“The Board will review the recommendations before making any final decision,” it said.
“We believe this would be a good fit for Tata Communications and its customers,” it said.


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