Tata Teleservices starts shifting its 4cr customers

Tata Teleservices - Insights Success

Tata Teleservices started to shift their customer in Airtel network under the Intra-Circle roaming agreement.
The first set of customers who are going to shift to Airtel’s network will be from Uttar Pradesh (West), Bihar and West Bengal. The process will extend further in different states too.
The two telecom companies said that Tata’s customers need not to change their SIM, they will start getting Airtel network in their cell phones from the coming week with their existing tariffs and plans without any interruption.
The process will start shortly after the Competition Commission of India approves  Airtel’s proposal to takeover Tata Teleservice on a cash-free debt-free basis.
Airtel’s CEO, Gopal Vittal told to media, “This is a standard ICR arrangement under which Tata Teleservices customers get access to the Airtel network. Tata customers will enjoy the uninterrupted services on Airtel network; nothing will get change for them except the network.”
“In no way does it curtail the choice of customers as they are free to shift to any operator they want to.”
”As we vindicate and extend our assets on a staggered basis, we have decided to begin shifting our mobile customers to the Airtel network under an ICR arrangement,” said T Elango, Tata Tele’s president for consumer business.
”The process will be fully seamless and nothing changes for Tata customers, who will continue on the same SIM and tariffs,” said Ajai Puri, chief operating officer, Bharti Airtel.
“The shareholding pattern of Bharti Airtel shall change to the extent of issuance of equity shares and (redeemable preference shares) to the shareholders of the transferor company (TTML),” Airtel said.
Recently, Airtel closed to 1.5% lower at Rs 528.60 on the Bombay Stock Exchange (BSE), while TTML closed 1.6% down at Rs 7.
The Bharti Airtel filing put the 2016-17 turnover of TTSL(Tata Teleservices limited) at Rs 7,366 crore and TTML (Tata Teleservices Maharashtra limited) at Rs 1,574 crore. Airtel’s turnover was Rs 62,276 crore.

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