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Description of Tata Teleservices
Tata Teleservices Limited is an Indian broadband and telecommunications service provider based in Mumbai, Maharashtra, India. It is a subsidiary of the Tata Group, an Indian conglomerate. It operates under the brand name Tata DoCoMo in various telecom circles of India. In Nov 2008, Japanese telecom giant NTT Docomo picked up a 26 per cent equity stake in Tata Teleservices for about Rs 13,070 crore ($2.7 billion) or an enterprise value of Rs 50,269 crore ($10.38 billion). In Feb 2008, TTSL announced that it would provide CDMA mobile services targeted towards the youth, in association with the Virgin Group on a Franchisee model basis. Tata Teleservices provides mobile services under the following brand names: Tata DoCoMo (CDMA & GSM mobile operator, wireless broadband) Virgin Mobile (CDMA & GSM mobile operator) T24 Mobile (GSM mobile operator)
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