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Tata Teleservices likely to shut down this month

Sarkar

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The Tata group is preparing to shut down a large part of its telecom business and an announcement is likely later this month, according to industry sources. Senior executives at Mumbai-based Tata Teleservices, which operates wireless, wireline and broadband services, have already been told of the possible closure, it is learnt. Even subscribers are being informally told to migrate to other service providers through MNP (mobile number portability).

Tata TeleservicesBSE -0.67 % Ltd, the mobile arm of the Tatas, has a Rs 34,000 crore debt. It has failed to find a buyer for years and is now said to be looking at all options, including the extreme step of possibly shutting down the business

Tata Teleservices likely to shut down this month
 

PRK

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I'm still using Docomo. Have not received any message for MNP, nor any call.
 

Sarkar

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may be aircel is next on the line.....
Their debt is not that much high as Tata or Rcom but the biggest worry for them is supreme court who threaten to cancel license if their owner does not present himself in front of court in aircel maxis case
 

unirockers

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They have already stopped providing customer support to my broadband connection, they are not upgrading my plan and ignoring e mail's. They must quit broadband business although docomo sim works great and 3g speeds are better than jio 4g.
 
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