Government considering stake sale in Tata Communications

[Sushubh]

Tata Communications: VSNL’s 773 acres to land in hemisphere, Government mulls 26% stake sale in Tata Communications - The Economic Times

 

[dextermorgan]

?_? why take a stake in loss making venture? I don't get it

 

[igloo]

It's tata comm formerly vsnl dis-invested during vajpayee regime. owns submarine cable n ground fiber across globe. a profitable co.
Not same as the tata mobile arm you talking about.

 

[dextermorgan]

Yeah, that makes sense.