Vodafone is reportedly in talks with the Tata Group to acquire its controlling stake in Tata Teleservices, and become India’s largest telcom operator. The Times of India has reported that the Vodafone and Tata Teleservices are in the initial stage of discussions though nothing concrete can be said about the deal. Also Read - Airtel vs Jio vs Vi: Best prepaid plan offering 2GB of daily data and other benefits
“Discussions are at an early stage. It is difficult at this stage to say what the outcome of these talks will be,” the publication has been told. One of the company insiders has indeed confirmed the news to BGR India, but also added that “all operators have discussions and talks with others for possible mergers and deals, however that would not mean a sure shot deal.”
Reportedly, “apart from the Tatas and NTT Docomo, Vodafone will also look to make an offer to other shareholders,” which will help it in overtaking Bharti Airtel for becoming the biggest telcom operator in India. Also this will help the company in expanding its presence in 3G data segment by using Tata’s Photon services.
Currently the Tatas holds 59.45 percent share and NTT Docomo holds 26.5 percent stake in Tata Teleservices in India. If NTT Docomo decides to exit the partnership in Tata Teleservices by March 31, 2014, Tata Sons would either have to look for a new partner of its choice, or buy NTT Docomo’s share in the joint venture.