business

Virgin likely to exit Indian operation, Tata may buy out JV

The recent telecom scam seem to be scaring foreign companies from India. Telecom company Virgin Group is likely to exit from Virgin Mobile India, reports CNBC-TV18 quoting sources. It is learnt that Tata Sons and Tata Teleservices (TTSL) are likely to buyout Virgin Group’s stake in the joint venture.

first published: Apr 13, 2011 11:15 am