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HomeNewsTelecom NewsDoT directs TTSL to submit sale details of its mobile business to Airtel
Tuesday, 03 July 2018 08:06

DoT directs TTSL to submit sale details of its mobile business to Airtel

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Tata Teleservices (TTSL) has been directed by the Department of Telecommunications (DoT) to submit the details of the sale of its consumer mobile business to Bharti Airtel.

DoT wants to identify which entity will be responsible for the liabilities and dues that the Tata Group Company owes the government. An official said: “We have asked them (Tata Tele) to share with us which parts of the unified licence they will keep and which parts will get transferred to Airtel... That will determine the entity that will bear the liabilities and according to that, we will raise the dues.”

Airtel is taking on only deferred payment liabilities of Rs 1,500-2,000 crore for spectrum that Tata Tele bought in auctions. Tata Tele needs to clear all its dues before DoT approves the Airtel deal. 

TTSL needs to clear all of Tata Tele’s debt, about Rs 6,000 crore, while segregating the enterprise business and selling it to group company Tata Communications, in which the government holds a 26% stake. DoT needs to approve this deal.

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