Mobile, British billionaire Richard Branson''s telecom
firm is looking to entering the Indian market in a venture
with Tata Teleservices (Maharashtra) Ltd, reported The
Times, London today.
to the UK paper, Ratan Tata, chairman, Tata Group, is
understood to have discussed with Virgin about it becoming
an exclusive franchisee of the Tata Group''s telecoms
arm, the newspaper said without citing sources.
report said that the tie-up could become operational
as early as April, it added, adding that an official
confirmation from either the two companies was not available
listed arm of Tata Teleservices Ltd, Tata Teleservices
(Maharashtra) Ltd provides fixed-line and CDMA mobile
Maharashtra and Goa and last August had ruled out selling
stakes in Tata Teleservices Ltd to foreign companies.
Mobile''s British rival Vodafone Group Plc, which is
eyeing entry in to the Indian market is vying with Reliance
Communications and the Essar Group to buy mobile phone
carrier Hutchison Essar.