HomeNewsBusinessCNBC-TV18 CommentsVirgin likely to exit Indian operation, Tata may buy out JV

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.

April 14, 2011 / 13:55 IST
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The recent telecom scams seem to be scaring away foreign companies from India. Telecom company Virgin Group may be all set to exit Virgin Mobile India, its joint venture with Tata Teleservices (TTSL), reports CNBC-TV18's Kritika Saxena, quoting sources . It is learnt that the latter may buyout Virgin Group's stake along with Tata Sons.

Virgin Group
first published: Apr 13, 2011 11:15 am

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