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Mumbai:
In a move that is being perceived as providing a fillip
to the Tata Group''s telecom business, Ratan Tata has taken
over as chairman of Tata Teleservices (TTSL) with Pheroze
Vandrewala stepping down from the post of chairman.
While
TTSL is a private company, TTSL (Maharashtra) is a listed
entity that was acquired by the Tatas. Overall the Tata
group has invested about Rs15,000 crore in the telecom
business, so far.
Vandrewala
had earlier stepped down from the post of managing director
of Tata Power.
TTSL''s
network spans 1,000 cities, and the company''s subscriber
base stands at 5.7mn as of September end.
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