According to media sources, TPG Global led consortium has made a bid of $1 billion for Tata Tele fibre assets. Some time back, Tata group has entered in to an agreement with Bharti Airtel to sell mobile business of Tata Teleservices, which has debt of around Rs 40,000 crore.
Tata Teleservices had optical fibre transmission network about 1.28 lakh kilometers rolled out in the country.
As per deal, Airtel will pay about Rs 8,000-9,000 crore of the total debt, which gets transferred to it as deferred payment liability for spectrum of Tata Teleservices.
If TPG succeeds to buy, it will immensely help it, given the length of optical fibre asset of TTSL, and the rising data demand in the country and regulatory plus cost issues that impede roll out of OFC in various states.
As per deal, Airtel will pay about Rs 8,000-9,000 crore of the total debt, which gets transferred to it as deferred payment liability for spectrum of Tata Teleservices.
If TPG succeeds to buy, it will immensely help it, given the length of optical fibre asset of TTSL, and the rising data demand in the country and regulatory plus cost issues that impede roll out of OFC in various states.
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