Tata Teleservices snippets

Amid unconfirmed reports of a probable foreign investment coming its way, Tata Teleservices is going ahead with its expansion plans. It now plans to roll out services in Jammu and Kashmir and in northeast India. This way the telecom provider aims to increase its number of circle for operations to 21. Earlier reports by news agencies said that Japanese mobile operator NTT DoCoMo Inc was interested in picking up a 26% stake in Tata Teleservices for $2.5 billion. If that comes through Tata Teleservices would be valued at $9.6 billion. The company at present operates in about 6,600 towns across 19 circles in India and has a subscriber base of 29 million.

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