As Tata group looks to exit telecom business, Airtel may just be interested in its assets
Tata Teleservices gains 6% on reports of merger with Airtel“Talks (between Tata and Airtel) have been going on for six months,” said one of the three, a Mumbai-based investment banker.
“The Tatas wanted Bharti to take over the entire telecom business. The question is at what value? What are Tatas left with? Tatas would want to clear the debt but the telecom business is not sustainable for them. It does not make sense to put in more money in the business. So, Tata Sky is just a value-add to make the deal more lucrative,” the banker added.