STUDY OF MERGER
PGP 1 DIV. A
INTRODUCTION TO TELECOM SECTOR
In today’s information age, the telecommunication industry is considered as the backbone of industrial and economic development . Indian telecom sector is more than 165 years old. Telecommunications was first introduced in India in 1851 when the first operational land lines were laid by the government near Kolkata and then experienced a rapid growth over the past decade on account of regulatory liberalisation, structural reforms and competition, making telecom one of the major catalysts in India’s growth story. The contribution of the sector to GDP has been increasing gradually from 1.0% in1992-93 to 2.83% in 2007-08. And the teledensity have increased from 2.33 in 1999 to 36.98 in 2009. India is the fastest growing mobile phone market in the world. The booming telecom industry has been attracting large amount of investments in the country. As per the revenue Bharti Airtel leads the mobile market of India followed by BSNL and Vodafone. SOURCE: http://www.dnb.co.in/IndianTelecomIndustry/OverviewTI.asp
TATA TELESERVICES LIMITED (TTSL)
TATA TELESERVICES LIMITED (TTSL) is an Indian broadband and telecommunications service provider based in Mumbai, Maharashtra, India. It is a subsidiary of the Tata Group, an Indian conglomerate. It serves over 37 million customers in more than 320,000 towns and villages across the country offering a wide range of telephony services including Mobile Services, Public booth Telephony and Wire-line Services. it provides two types of wireless services i.e. CDMA and GSM. The revenue of the company is Rs 3,796.75 billion in 2010-11. Company have a retail network of 3500+ exclusive or directly owned stores and also maintains a distribution network across villages, wherein people are appointed and trained by TTSL- who visit villages on a bicycle or a two wheelers to...
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